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MKTG-2020-A1/A2-Marketing

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________ set the floor for a product's price.
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Which of the following would be placed in the

'Publics' category in the microenvironment?

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A new product must have the required functional

features and also convey the intended psychological characteristics.

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NSNB Seafood, a wholesale lobster distributor,

groups its customers by regions in Canada, such as Central, Atlantic, Pacific

and Prairies. For each region, NSNB Seafood tailors a different set of

advertisements and promotions. The supplier is segmenting its market according

to ________.

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Which of the following demonstrates the real

value of a company's marketing research and information system?

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A

baby boomer decides to purchase a BMW to impress others with his/her success. This

illustrates the importance of understanding the role of ________ in the

marketing process.

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Compared with undifferentiated marketing, differentiated marketing is more likely to lead to ________.
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There are more than 200 wild blueberry producers in Nova Scotia. An individual farmer cannot charge more than the going market price per unit without the risk of losing business to the other farmers. This is an example of ________.
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Resellers are distribution channel firms that

help the company find customers or make sales to them.

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Penny Bank, a discount store, is highly competitive. When entering a new market, Penny Bank often cuts prices so deeply that it sells below costs, effectively pushing smaller retail stores with less purchasing power out of the market. In this case, Penny Bank is using ________.
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