Week Three Marketing Concepts and Consumer Behavior Quiz

A quiz testing knowledge on consumer behavior and marketing concepts.

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Week Three Marketing Concepts and Consumer Behavior QuizWeek Three Quiz1.Question :What is the economic effect (described in Chapter 8) that takes hold asthe size of a country’s population of working age individuals increases?StudentAnswer:Reduced productivity, as jobs are divided among more workers.Greater economic stability, as per-capita income stored in savingsaccounts increases.Increased discretionary spending due to higher incomes amongworking-age adults.Increase in family size as more individuals move into their child-rearing years.(The answer can be found in Section 8.5: "The GlobalBusiness Environment" inPrinciples of Marketing)Points Received:1 of 1Comments:Question2.Question :Which of the following answers is the BEST example of triggermarketing?Student Answer:Nathaniel bought a big-screen TV on April 30th. On June 15th, hereceives an email offer for a 30% discount onhome theater electronics.Doug and Sally cancelled their cell phone contract. Their providerused their profile data to purge similar records from their prospectdatabase.Bernard searched for round-trip flight online. The travelwebsite heused captured his email address for future marketing campaigns.Meredith grouped prospects in her marketing database intosegments based on their likelihood to use her department store’s in-house financing.(The answer can be found in Section 7.4: "DrivingBetter Strategies with Customer Data" inPrinciples of Marketing)Points Received:1 of 1Comments:

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