Match the items of List-I with the items of List-II and indicate the code of correct matching: Codes:List-I List-II a. Latent demand i. More consumers would like to buy the product than can be satisfied. b. Full demand ii. Consumers may be attracted to products that have undesirable social consequences. c. Overfull demand iii. Consumers may share a strong need that cannot be satisfied by an existing product. d. Unwholesome demand iv. Consumers are adequately buying all products put into the market place.
a-iii, b-iv, c-i, d-ii
Concept: Kotler describes eight demand states, and marketing management's task is to identify the current state and manage demand towards the desired level.
Four of these states are matched here with their descriptions. Latent demand exists when consumers share a strong need that no existing product can satisfy, so a matches iii. Full demand is the healthy state in which consumers are adequately buying all the products placed in the market, so b matches iv. Overfull demand occurs when more consumers want to buy than the firm can supply or wishes to serve, so c matches i. Unwholesome demand is demand for products with undesirable social consequences (such as tobacco), so d matches ii.
Example: The wish for a car that runs on water is latent demand (no such product exists), while a popular hill station turning away tourists in peak season faces overfull demand.
The clearest discriminator is a-iii (latent = unmet strong need): every wrong option, such as those pairing a with i or iv, breaks this link, leaving only a-iii, b-iv, c-i, d-ii.
Hence the correct match is a-iii, b-iv, c-i, d-ii.
Marketers have traditionally classified products on the basis of three characteristics : __________ , tangibility and use.
Which one of the following can be legally protected ?
Which one of the following is the demand state where “Consumers dislike the product and may even pay to avoid it” ?
“The customer wants an inexpensive car”. This is an example of which one of the following type of needs ?
Assertion (A) : Marketers are increasingly asked to justify their investments in financial and profitability terms and rarely in terms of building the brand and customer base.
Reasoning (R) : Organizations recognize that little of their market value comes from intangible assets.
Code :
According to Five-Stage Model of the Consumer Buying Process, which one of the following sequence is followed ?
Which of the following category of goods and services is most likely to require an aggressive use of the selling concept ?
What are the four main components of holistic marketing ?
According to the __________ theory, marketers can enhance demand for a product by associating it with strong drives, using motivating cues and providing positive re-enforcement.
Consider the following statements:
(a) Brand equity is essentially the same as brand valuation.
(b) Market segmentation and product differentiation are alternative marketing strategies.
(c) Durable goods normally require less personal selling, after sales service and seller guarantees, than the non-durable goods.
(d) Price discrimination in all forms is illegal in India.
Indicate the correct statements:
Statement (I): The mindset which is commonly associated with a long-ago era when the demand for goods generally exceeded the supply, and the primary focus in business was to effectively produce medium quantities of products; finding the customers was viewed as a relatively major function.
Statement (II) : The firms with product orientation typically focus on the quality and quantity of offerings while assuming that customers will seek out and buy reasonably priced well-made products.
From the above statements indicate the correct code of being statements correct or incorrect The statements relate to concepts of marketing.
Marketers have traditionally classified products on the basis of three characteristics : __________ , tangibility and use.
Which one of the following can be legally protected ?