5. An advantage over competitors gained by offering customer a greater value either through lower prices or by providing more benefits that justify higher prices. a. Competitive advantage b. Differentiated marketing c. Profit d. Market penetration CII Institute of Logistics PGDSCM/DSCM/ADSCM & CERTIFICATE PROGRAMS Semester-end Examinations- December 2011 MARKETING MANAGEMENT Time: 3 hours 6. Soap is an example for ---------- product a. Convenience b. Shopping c. Speciality d. Unsought 7. IBM is an example for ---------- brand a. Private b. Manufacturer c. Co – brand d. None of the above Marks: 100 Part A Answer all questions 1. (10 x 1 = 10 Marks) The form human needs take as shaped by culture and individual personality a. Needs b. Wants c. Demand d. Marketing offer 2. A strategy for company growth by increasing sales of current products to current market segments without changing the product. a. Product development b. Diversification c. Market development d. Market penetration 3. Marketing research to gather preliminary information that will help define problem and suggest hypothesis is a. Casual research b. Exploratory research c. Descriptive research d. None of the above 4. Dividing a market into groups based on consumer knowledge, attitude use or response to a product is a. Income segmentation b. Psychographic segmentation c. Behavioral segmentation d. Occasion segmentation 8. The product life cycle stage in which the new product is first distributed and made available for purchase is the a. Introduction stage b. Growth stage c. Maturity stage d. Decline stage 9. Rent is an example for a. Total cost b. Fixed cost c. Variable cost d. None of the above 10. Any paid form of non personal presentation and promotion of ideas, goods or services by an identified sponsor is called a. Direct marketing b. Personal selling c. Advertising d. Sales Promotion Part B Answer any four 1. 2. 3. 4. 5. 6. (4x15= 60 marks) Discover and explain the elements of a customer driven marketing strategy and the forces that influence it. Explain how changes in the demographic and economic environments affect marketing decisions. Define the consumer market and construct a simple model of consumer buyer behavior. In the context of marketing what does the term “Product Positioning” mean? Why is it so important? Explain with examples Explain with examples PLC? Discuss the customer relationship and identify strategies for creating value for customers and capturing value from customers in return. Part C Answer all questions: (3*10=30 marks) 1. Electronic gaming continues to see rapid growth. The Entertainment Software Rating Board oversees the rating system use by gaming software manufacturers. There are six rating categories – early childhood, everyone, teen, mature, adults and rating pending. In general what do you think of the practice of targeting children? 2. According to its website, “eBay’s mission is to provide a global trading platform where practically anyone can trade practically anything.” Since it was founded in 1995, eBay has created the most visited internet site in the world. On any given day you can find reviewing, bidding on and buying the hundreds of thousands of items listed in eBay. It provides many features that enhance the trading experience such as Feedback feature, convenient payment features and an assortment of tools of buyers, sellers and developers. How has eBay differentiated itself from competitors? 3. Suppose you are the marketing coordinator responsible for recommending the sales promotion plan for the market launch of a new brand of tea powder sold in Supermarkets. What promotional tools would you consider for this task. Explain? ***********************************