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Understanding Business Study Set 1
Quiz 21: Managing the Marketing Mix: Product, Price, Place and Promotion
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Question 241
True/False
A pull strategy utilizes consumer demand for a product to motivate retailers and wholesalers to actively market the product.
Question 242
True/False
Push strategies target consumers with sales promotion and heavy discounting that are designed to create a strong demand for the product.
Question 243
True/False
Sampling represents a quick and effective way to demonstrate a product's superiority at the time when consumers are making a purchase decision.
Question 244
True/False
Personal selling provides the most efficient element of the promotion mix for a firm attempting to reach a large, homogeneous group of consumers.
Question 245
True/False
Coupons, contests, and sampling are examples of sales promotion activities.
Question 246
True/False
The objective of a push promotional strategy is to move a product through a distribution channel by offering incentives to wholesalers and retailers to stock and sell the merchandise.
Question 247
True/False
Internal sales promotion efforts include training for salespeople and participation at trade shows where salespeople can meet potential customers.
Question 248
True/False
Any word-of-mouth promotion that puts a company's product in the public's attention is good promotion.
Question 249
True/False
Anything that encourages people to talk favorably about an organization may be effective word-of-mouth promotion.
Question 250
True/False
Viral marketing describes everything from paying people to say positive things online to schemes where consumers get commissions for directing friends to specific websites.
Question 251
True/False
Internal sales promotion programs are targeted to reach the firm's internal auditors as well as external customers.
Question 252
True/False
Social media offers opportunities for positive and negative word-of-mouth promotion.
Question 253
True/False
Internal sales promotion efforts target salespeople and employees that handle customer complaints.
Question 254
True/False
Sales promotion programs can be used as a means to generate employee enthusiasm.
Question 255
True/False
In evaluating the promotion mix, it's fair to say that large organizations are best reached through personal selling.
Question 256
True/False
Effective sales promotion efforts focus exclusively on external audiences such as dealers and consumers, since they ultimately decide the fate of a product.