SOME THINGS TO PONDER BEFORE EXAM 2
Keep looking at this page for more -
I will toss more ideas into the hat as they come to mind.
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(M 22 JUL) We discussed some differences between the way
that a consumer psychology researcher views marketing and
the way that a modeler views marketing.
How are these views different?
What kinds of situations lend themselves better to a consumer
psychology perspective on modeling consumer behavior?
What kinds of situations lend themselves better to a
quantitative modeling perspective on consumer behavior?
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(M 22 JUL) One of our guests mentioned that there are
seventeen different Hispanic sub-cultures.
How are these the same?
How are these different?
What are some guidelines that marketers should
follow in designing marketing communications for
Hispanic markets?
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(M 22 JUL) Marketing principles textbook chapters on personal
selling always suggest a series of steps
that are followed in successful selling: lead
generation, approach, needs analysis, and such.
Is this approach always necessary?
Be sure to support you answer.
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(T 23 JUL) Two automobile repair places provide
service that is, technically, of identical quality. .
One, however, makes coffee and donuts available to
customers who are waiting, while the other does not.
Using the kind of theory that was discussed with respect
to the Isen "dime studies," explain why customers in the
first shop are likely to provide higher ratings for the
quality of servicing on their cars.
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(T 23 JUL) One could argue that no marketing is necessary
for a mom and pop gas station that serves a local market.
The price is dictated by costs and competition, and
advertising in the local newspaper will not generate
additional business.
Argue that there is indeed an active state of marketing
strategy and activity associated with such a gas station.
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(T 23 JUL) One of the problems with publicity is that
it is often not under the control of the marketer.
Marketers are often concerned about bad publicity and
"damage" control.
Should a marketer always attempt to counter or minimize
the effects of bad publicity?
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(T 23 JUL) Conventional wisdom tells us to consider
such factors as frequency, reach, and CPM in in choosing
advertising media.
Using theory from consumer psychology, explain how a
focus on these factors could lead a marketer to make
decisions that fail.
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(T 23 JUL) If a marketer behaves unethically, what
are the possible outcomes with respect to the interests
of the marketer?
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(W 24 JUL) One of our guests gave us a lecture on
military psychological operations.
What does any of this have to do with marketing?
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(W 24 JUL) We calculated the apparent cost of a
full page ad in the local newspaper.
If you needed permission to advertise your
company's product in such an ad, how would
you justify this cost?
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(R 25 JUL) Beverly is thinking of selling
hats on an island that has more tourists than
residents.
Is she using a market segmentation strategy?
Why or why not?
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(R 25 JUL) If you are attempting to obtain a
small business loan from a banker, which is more
important: financial ratios and other such
quantitative calculations that illustrate the
financial feasibility of a proposed plan of
action, or a marketing plan that merely outlines
a need and a proposed solution?
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(R 25 JUL) Professor Owen used the term
"modeling" to describe the effects
that were the focus of our discussion over
the video in Shanta's presentation.
What is modeling, and how can marketers effectively
use this concept?
- (MTWR) The Tripartite Model posits that
there are three basic types of response to
our marketing efforts: cognitive, affective,
and behavioral.
How does a marketing researcher use this idea?
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(M 29 JUL) Do boundary spanning employees have
skills that cannot be taught?
Is internal marketing always important with
regard to boundary spanning employees?
- (M 29 JUL) In what ways is an understanding of
culture important to someone who is only
doing domestic marketing in the US?
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(M 29 JUL) Discuss issues of channel power that
could affect the distribution of the
Barbie doll.
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(M 29 JUL) One guest showed us a cartoon saying,
"You need to narrow down your target
market to something more specific than
anyone older than a newborn."
Is this statement universally true?
- (T 30 JUL) EHP makes chain saws that are
sold under different brand names at different
prices, yet the basic internal components of these
products are identical.
Is this unethical?
- (T 30 JUL) One of our guests compared the
actual launch of a new paper cup to the formalized
"product launch process" that is
listed in most marketing textbooks,
finding that the formal model of textbooks is
apparently a valid model.
Another guest, however, looked at a new product
launch by a small start-up company and noted that
luck was apparently an important part of the
process in addition to research.
Who is right?
If you believe that luck is involved, then
is it worth investing a lot of effort in
marketing research?