ECO5033 Week-2 Quiz Solutions
1.The law of demand tells us precisely how much more or less consumers will buy when the price of a good or service changes.A) False 2.The portion of your income given up to buy something is a factor influencing its…
1.The law of demand tells us precisely how much more or less consumers will buy when the price of a good or service changes.A) False 2.The portion of your income given up to buy something is a factor influencing its…
Which of the following is an example of “experience marketing”?Cirque du Soleil Which of the following is a pure good?Soft drink A doctor’s professional services are dominated by which of the following types of elements?Credence Marketer 1 is marketing soft pretzels. Marketer…
For someone buying a Volvo, the essential product is __________, and the modifier is __________.a car, safety Marketer 1 is marketing soft pretzels. Marketer 2 is marketing for a local amusement park. Why might their strategies differ?Marketer 1 has a…
Which of the following is one of the largest factors stressing out marketers these days?The pressure to show results In a marketing exchange, a customer _____.expects to pay Which of the following is defined to be an exchange between a…
Regarding the phrase “time is money,” what type of effect does time seemingly have on money?A) Negative effect The ideal goal for the marketer is to find a group of customers whose needs it can easily and profitably meet. These…
1.______________ is one of the key initiative for Motorola.(6,11)A) PROFIT_IMPROVEMENT 2.Total quality management is ____________to organizational behavior in that it permeates every area of employee performance.(11)A) SIGNIFICANT 3.Motorola Fundamental Objective?(5,8,12)A) TOTAL_CUSTOMER_SATISFACTION 4._________ quality and cycle time measurement and improvement goals(9)A)…
A _______ is an arrangement of parts or elements that together exhibit behaviour or meaning that the individual constituents do not.(6) SYSTEM SE Managers must first develop the project Systems Engineering ______ plan(10) MANAGEMENT The systems engineer is the primary_______…
1.Marissa has been tasked to find a quality management system that is prescriptive in order to help her company improve the quality of their processes. Which quality management framework would she most likely use?(3,4) ISO_9001 2.The totality of organizational processes,…