Questions from General Marketing


Q: What is a mission statement? What is a SWOT analysis?

What is a mission statement? What is a SWOT analysis? What role do these play in the planning process?

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Q: What is a strategic business unit (SBU)? How does strategic

What is a strategic business unit (SBU)? How does strategic planning differ at the corporate and the SBU levels?

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Q: Describe the five steps in the strategic planning process.

Describe the five steps in the strategic planning process.

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Q: How do marketers customize pricing with pricing segmentation, peak load pricing

How do marketers customize pricing with pricing segmentation, peak load pricing, and surge pricing? How can marketers price to meet the need of bottom of the pyramid consumers?

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Q: How do firms use the BCG model for portfolio analysis in planning

How do firms use the BCG model for portfolio analysis in planning for their SBUs?

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Q: Describe the four business growth strategies: market penetration, product development

Describe the four business growth strategies: market penetration, product development, market development, and diversification.

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Q: Explain the steps in the marketing planning process.

Explain the steps in the marketing planning process.

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Q: What is return on marketing investment (ROMI)? How does considering

What is return on marketing investment (ROMI)? How does considering marketing as an investment instead of an expense affect a firm?

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Q: Are there potential risks to involving consumers in the development of new

Are there potential risks to involving consumers in the development of new products through processes associated with value co-creation as discussed in the chapter? What factors might make a value co-...

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Q: What is the difference between a durable good and a nondurable good

What is the difference between a durable good and a nondurable good? What are the main differences among convenience, shopping, and specialty products?

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