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Marketing Unit 1 Test

In:

Submitted By rickntrida
Words 2988
Pages 12
Product, price, place, and promotion make up the elements of a firm's marketing mix.
|[pic| |a) True |
|] | | |
| | |b) False |
|Question 2 | |2 / 2 points |
________ is the total combined customer lifetime values of all the company's current and potential customers.
| | |a) |
| | |Share of customer |
| | | |
| | |b) |
| | |Customer payoff |
| | | |
|[pic| |c) |
|] | |Customer equity |
| | | |
| | |d) |
| | |Customer cardinality |
| | | |
| | |e) |
| | |Customer perceived value |
| | | |
|Question 3 | |2 / 2 points |
Josie enjoys her work at Futuristic Designs Inc. Her organization understands and anticipates customer needs even better than customers themselves do and creates products and services to meet existing and latent needs, now and in the future. Josie's firm practices ________ marketing.
| | |a) |
| | |product concept |
| | | |
|[pic| |b) |
|] | |customer-driving |
| | | |
| | |c) |
| | |societal |
| | |

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