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QUESTION NO: 1
A Macy's manager designs the casual clothing department such that one of Macy's private label pairs of jeans, priced at $24.99, is positioned next to a national brand of jeans, such as Levis, priced at
$39.99. What is the manager attempting to accomplish?
A. Everyday low prices strategy
B. Odd-even pricing strategy
C. Prestige pricing strategy
D. Special-event pricing strategy
E. Reference pricing strategy
Answer: E
QUESTION NO: 2
Retailers whose target audience is Baby Boomers should plan their offerings keeping in mind that:
A. Baby Boomers are heavy Internet users and tend to do research before purchasing online.
B. as they reach retirement age, Baby Boomers' incomes and spending power is decreasing.
C. as a result of their being born in a post-war world, Baby Boomers tend to buy products based on price, not quality.
D. Boomers tend to be collectivistic rather than individualistic and prefer family-oriented products.
E. Boomers' purchasing habits are influenced by their feelings of financial insecurity.
Answer: A
QUESTION NO: 3
Which of the following is true of Millenials?
A. They are those born between 1946 and 1964.
B. They are those who were alive during World War II.
C. They are also known as digital natives.
D. They are those born between 2002 and 2014.
E. They are also referred to as Generation Yers.
Answer: E
QUESTION NO: 4
When a claim cannot be made in a non-misleading way, due to the limitations of a platform:
A. the claim should not be made in that platform.
B. the claim's disclosures should be displayed using a hyperlink.
C. a different medium can be used to display the claim's disclosures.
D. it is the duty of the consumer to perform due diligence before purchasing a product.
E. it is not the marketer's responsibility to ensure accuracy and readability.
Answer: A
QUESTION NO: 5
Which of the following is true of rule-of-thumb methods for allocating IMC budgets?
A. It creates a budget by first establishing a set of communication objectives.
B. It uses prior sales to determine the present communication budget.
C. It allots a budget according to the profits made in previous quarters.
D. It requires limited negotiation among managers.
E. It allocates an equal budget for all departments.
Answer: B
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Updated: May 27, 2022