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 ?
Match the items of List-I with those of List-II and indicate the code of correct matching:
| List-I | List-II |
|---|---|
| a. Core benefit | i. Bed, bathroom, towel, desk and closet |
| b. Basic product | ii. Clean bed sheet |
| c. Expected product | iii. Rest and sleep |
Codes:
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.
Arrange the following stages in the marketing process of an enterprise:
A. Marketing Mix
B. Marketing program implementation
C. Marketing planning
D. Market research
E. Control and evaluation of marketing programs
Choose thecorrectanswer from the options given below:
Which of the following is the characteristic of a product?
Which of the following is an example of durable goods?
Traditionally, marketing has been viewed as:
_______ is making it more a challenge today than ever before, to upgrade customer services to get an edge over the competitiors.