Chapter 1 Flashcards
(81 cards)
Advertising is just one type of marketing communications tool.
True
Computer repair, ergonomic keyboards and printer ink cartridges are all examples of goods.
True
The billboard that displays an advertisement for a new Internet service provider is an example of a medium.
True
The term mass media includes print media only. The other mediums are part of the general media.
False
The ultimate goal of the marketing process is to build a strong brand image.
False
The marketing strategy refines the target audience and defines what responses the advertiser is seeking?what the audience should notice, think, and feel.
False
Our economy is based on the concept of perfect competition.
True
Lung cancer resulting from smoking is an example of an externality.
False
One of the functions of advertising as a marketing tool is to build value, brand preferences, and loyalty.
True
One of the basic functions of advertising is to communicate information about the product, its features, and its location of sale.
True
The pre-industrial age extended from the beginning of recorded history to first decades of the 1900s.
True
Benjamin Franklin was an early critic of advertising.
False
The industrializing age lasted roughly until the end of World War I.
True
For Americans, the profession of advertising began when Volney B. Palmer set up business in Philadelphia is 1841.
True
With the advent of public schooling, the United States reached an unparalleled 90 percent literacy rate.
True
The industrial age ended shortly after World War II.
False
The retailer of Craftsmen tools is using product differentiation when it advertises that unlike other tools, its brand of tools have a lifetime warranty.
True
A product’s USP is the feature that differentiates it from competitive products.
True
Product differentiation is a strategy of identifying groups of people or organizations with certain shared needs and characteristics.
False
Bo jangles; a fast food restaurant chain, is using a positioning strategy when it claims its chicken has “true taste of New Orleans.”
False
Demarketing, which was popular in the industrial age, is no longer used today.
False
Sales promotion is a more cost-effective marketing communication tool than advertising.
True
Sales promotion is a more cost-effective marketing communication tool than advertising.
False
Only the Internet provides advertisers with the ability to engage in narrowcasting.
True