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Chapter 08 - Understanding Customers: Business to Business Markets
Chapter 08
Understanding Customers: Business to Business Markets
1. The value propositions required to compete and market in B2B versus B2C are often the
same.
True False
2. While many companies operate in the business-to-consumer markets, all companies operate
in a business-to-business market.
True False
3. B2B companies often have a few companies that represent a large portion of their sales.
This means that losing one larger customer has striking implications for the company.
True False
4. Customers in the B2B market place demand not only a personal relationship with their
vendors but also an efficient one.
True False
5. The consumer buying process takes longer and is more complex than the B-to-B buying
process.
True False
6. Business markets tend to concentrate in certain locations in the United States as a result of
suppliers wanting to be located close to one another.
True False
8-1
Chapter 08 - Understanding Customers: Business to Business Markets
7. The goal of business sellers in straight re-buy situations is to become the preferred supplier.
Companies not on the approved list of suppliers are called out suppliers.
True False
8. A Buying Center is a permanent group of people at a B2B company that decides on each
new purchasing decision. It is most common for only one buying center to exist at any time in
a company.
True False
9. Users in the buying process have enhanced responsibilities in new purchase and modified
re-buy situations when product specifications are being set for the purchase decision.
True False
10. Influencers are any individuals, both inside and outside the organization, with relevant
expertise in a particular area that is used by the buying center in making the final decision.
True False
11. One of the toughest challenges facing salespeople in a new or modified re-buy situation is
getting access to the right people.
True False
12. The people in a company blocking access to key personnel in the buying process are
called Goalies.
True False
13. Deciders can be come from a variety of roles in the organization. For example, they can
be a CEO, a CFO, the head of the buying center, or can be a group coming to a consensus on
a particular purchase.
True False
8-2
Chapter 08 - Understanding Customers: Business to Business Markets
14. The NAICS codes list all of a particular companies business sectors. A company can be
listed in several different categories.
True False
15. There are two types of end user purchases-capital equipment and sundries.
True False
16. It is best for a company looking for or maintaining a strategic relationship with a client if
their sales team is involved with the creation of an RFP with the client.
True False
17. It is often the case that the purchase decision itself in the B2B market involves trade-offs
between equally important evaluation criteria and equally qualified vendors.
True False
18. Intel built a chip fabrication plant in China that serves two purposes. One is to show its
commitment to China and the other is to give Intel strategic advantage over competition that
does not manufacture there.
True False
19. Risk tolerance is an organizational factor that differs among companies trying to decide on
a particular vendor.
True False
20. Dealing with complaints, resolving customer problems and making sure the company is
meeting customer expectations are critical to ensuring customer satisfaction in the B2B
market.
True False
8-3
Chapter 08 - Understanding Customers: Business to Business Markets
21. B2B is strategically important to companies like Bright House Networks in that it offers
_____ average revenue per user than B2C.
A. Lower
B. Higher
C. The same
D. Uneven
E. Symmetrical
22. The value propositions required to compete and market in the B2B versus the B2C
industries are often:
A. The same
B. Similar but with a business tilt
C. Quite different
D. Pluralistic
E. None of the above
23. A characteristic of B2B companies is that they often make products that end up as
___________ in a finished product.
A. components
B. labels
C. minor features
D. major features
E. factoids
24. Many manufacturers, such as Sharp Electronics, focus on the B2C market but have a
significant level of sales in:
A. The music market
B. The supply chain market
C. The quick sale market
D. The B2B market
E. None of the above
8-4
Chapter 08 - Understanding Customers: Business to Business Markets
27. Technology plays ____________ type of role in connecting buyers and sellers together in
the B2B market:
A. The same role as B2C markets
B. A critical role in connecting buyers and sellers
C. A lower level role than B2C markets
D. A decreasing role in connecting buyers and sellers
E. No role in connecting buyers and sellers
28. The buying process for B2B markets ___________ than B2C markets.
A. Is more complex
B. Is more circuitous
C. has fewer people involved
D. is more psychological in nature
E. all of the above
29. B2C markets can be characterized as being more ________ than B2B markets.
A. Conservative
B. Liberal
C. Impersonal
D. Personable
E. Likeable
8-5
Chapter 08 - Understanding Customers: Business to Business Markets
30. It is said that B2B demand is more _____________ in general than B2C demand for
products or services.
A. Elastic
B. Bimodal
C. Inelastic
D. Systemic
E. None of the above
32. The relationship between consumer demand for products and demand for B-to-B products
is said to be _______________.
A. Upward sloping demand
B. Downward sloping demand
C. Derived demand
D. Equal demand
E. All of the above
33. Small changes in consumer demand can lead to considerable shifts in business product
demand and it referred to as the ____________.
A. Deceleration effect
B. Transverse effect
C. Modified effect
D. Acceleration effect
E. None of the above
8-6
Chapter 08 - Understanding Customers: Business to Business Markets
35. Many companies use environmental scanning in order to identify things that may have
__________.
A. A long term affect on consumer demand
B. A short term affect on consumer demand
C. A negative affect on consumer demand
D. A positive affect on consumer demand
E. All of the above
36. Boeing has taken steps to build consumer demand for its new 787 Dreamliner although it
only sells the plane to B2B customers. This is an example of ________.
A. Inelastic demand
B. Elastic demand
C. Codependent demand
D. Derived demand
E. Fluctuating demand
37. When you re-order products that are used on a consistent basis, it is called a ________.
A. Purchase
B. Order on demand
C. Two-bin inventory system
D. Modified order on demand
E. Straight rebuy
8-7
Chapter 08 - Understanding Customers: Business to Business Markets
39. The three main types of buying situations can be characterized as ___________.
A. Straight rebuy, mid-level rebuy and new purchase
B. Straight rebuy, modified rebuy and new purchase
C. Slight rebuy, non-evaluative rebuy and new purchase
D. Buy, rebuy and non-buy
E. None of the above
40. When General Motors is familiar with a product and supplier, but still seeks additional
information in the market place, it is called a ________.
A. Straight rebuy
B. Modified rebuy
C. New purchase
D. Filtered buy
E. None of the above
41. Moore Diversified Services decides to create a group that is made up of people from the
purchasing department, senior management with financial knowledge, and engineers with
design expertise. It is common for this group to be called _________.
A. Ad hoc group
B. Party planners
C. Selling partners
D. Buying center
E. Post hoc group
8-8
Chapter 08 - Understanding Customers: Business to Business Markets
42. Jose is the machine press operator in a small manufacturing facility. He has been on the
job for 7 years and taken extensive training courses with respect to his machine. Jose plays the
role of __________ in the buying process.
A. Influencer
B. User
C. Decider
D. Operator
E. Key holder
45. Gatekeepers are important in the B2B buying process because ____________.
A. They limit the number of vendors in a given buying process
B. Engineering and quality control create product specifications that block vendors
C. They control access to key people
D. All of the above
E. None of the above
8-9
Chapter 08 - Understanding Customers: Business to Business Markets
46. Deciders are an important group for the salesperson to be able to identify because
________.
A. They make the ultimate purchase decision
B. They decide what characteristics the product should possess
C. They decide what price the company should pay
D. They have sole control over who is allowed to be a vendor
E. None of the above
47. In the buying process there is one group that can play a critical role. This group is often
the first to recognize the problem based on a need and they help define the product
specifications. This group is called ___________.
A. Deciders
B. Gatekeepers
C. Users
D. Influencers
E. Buyers
48. Derek Barber is working on selling some defense equipment to Buccaneer Supply
Company. After getting by the secretary, he decides to talk to people inside the firm to
identify people that he considers to be important in the buying center process. The people he
is targeting are known as __________.
A. Influencers
B. Users
C. Gatekeepers
D. Initiators
E. Product engineers
49. Gatekeepers are important to the buying process because they _________.
A. Control the contract in the buying center
B. Have position power in the organization
C. Control access to key participants in the buying center
D. Control access to the building site of the buying center
E. All of the above
8-10
Chapter 08 - Understanding Customers: Business to Business Markets
50. Jefferson Wainright is happy over the growth of the company. As manager of production
floor he wants to expand with another workstation to increase the capacity of the floor.
Jefferson creates a buying center to evaluate various combinations of machines for the new
station. The buying center gives him a list of the machine preferences ordered from 1 to 3.
After reviewing the list, he orders machine 2 due to the past experience with the
manufacturer. Jefferson is playing the role of a _________.
A. Gatekeeper
B. Manager of purchasing
C. Influencer
D. Manager of the floor
E. Decider
51. Hoffman Dirkbond is senior executive in manufacturing. He has been concerned about the
age of the equipment and decides to do a study to evaluate the time and money lost due to
equipment failure. He decides to bring his research to the monthly board meeting. In this way
Dirkbond is playing the role of ___________ in the buying process.
A. Gatekeeper
B. Initiator
C. User
D. Decider
E. None of the above
52. Maryanne has noticed that the production of one of the manufacturing teams has lost
productivity over a six month period of time. She puts together a document that describes the
productivity loss and does a study to determine the cause. She finds that one of the key
machines in the process breaks down often. Maryanne asks several machine manufacturers to
come into the company and make proposals. Maryanne is playing the role of ________.
A. Influencer
B. Gatekeeper
C. Initiator
D. User
E. Decider
8-11
Chapter 08 - Understanding Customers: Business to Business Markets
53. Sam Celeski is a salesman with an industrial supply house. He discovers that Ingersoll
Rand is going to make a large purchase of equipment and has created a Buying Center to get
the purchase done. Sam's first job is to _______________.
A. Discover the budget for the purchase
B. Develop criteria for the purchase
C. Discover the most important influencer
D. Discover who is part of the buying center
E. Develop a presentation for the buying center
8-12
Chapter 08 - Understanding Customers: Business to Business Markets
57. MRO supplies, materials, repairs and operational supplies and services, are generally
purchased through a ______________.
A. Buying center
B. Buying committee
C. Bid at time of need
D. Straight re-buys
E. Contractual liturgy
58. Companies like Home Depot do business in the B2B market and B2C market out of the
same store. This puts them in the category of businesses called _________.
A. Mixed use enterprise
B. Resellers
C. Value added enterprise
D. Retail merchandiser
E. End sellers
60. The single largest buyer of goods and services in the world is ____________.
A. General Electric
B. Wal-Mart
C. United States Government
D. Russian Government
E. None of the above
8-13
Chapter 08 - Understanding Customers: Business to Business Markets
61. The primary difference between selling to the profit-oriented market and the nonprofit
market is ______________________.
A. Non-profits use a buying triad instead of a buying center
B. The profit sector pools their money for purchases
C. The vendor list is shorter in the non-profit sector
D. Non-profits have a limited number of resources compared to their profit counterparts
E. All of the above
62. The business market purchase decision process is triggered by someone inside the
company who _____________.
A. Runs out of office supplies
B. Needs a copy and no machine is available
C. Identifies a need
D. Attends a meeting to brainstorm
E. None of the above
63. Problem recognition for the business market consumer is triggered by ________.
A. Running out of stock
B. Seeing a new product on television
C. Someone inside or outside the company identifies a need
D. All of the above
E. None of the above
64. There are at least two methods to build a list of potential suppliers once product
specifications have been outlined. One of the methods is to use the cumulative experience of
the company over time. The second method is _______.
A. Buying a list from a list broker
B. Use supplier search websites like Thomas Global Register
C. Ask all sales people to respond to the RFP
D. Create a list from the Yellow Pages
E. Go to several trade shows and find suitable suppliers
8-14
Chapter 08 - Understanding Customers: Business to Business Markets
65. Not all problems identified by a company necessarily lead to a purchase. The solution may
include ___________________.
A. Improvement in systems
B. Working with employees to get better efficiency
C. Shortage of employees
D. Improved training for new hires
E. All of the above
68. When a company solicits RFP's from suppliers with an open vendor search, the goal is to
__________________.
A. Get several proposals in order to help with negotiations
B. Get one good response from our preferred vendor
C. Get as many responses so the firm can focus only on price
D. Get proposals in order to get competitive intelligence
E. All of the above
8-15
Chapter 08 - Understanding Customers: Business to Business Markets
71. Complex product choice (Did we make the best selection?) in the B2B market depends
upon __________________.
A. Price, product, and distribution criteria
B. Financial, subjective and objective criteria
C. Objective, subliminal and price criteria
D. Financial, value and service criteria
E. None of the above
8-16
Chapter 08 - Understanding Customers: Business to Business Markets
73. A big industrial firm is interested in evaluating the potential purchase of a machine. In
order to do this, managers should look at ___________.
A. True cost
B. Total purchase price
C. Total costs over the life of the machine
D. Cost plus insurance on the machine
E. Cost plus the service contract on the machine
74. Financial criteria in the purchase of a complex product for the business market include
__________________.
A. All costs evaluated against the stated life of the product
B. All costs evaluated for one year
C. All costs evaluated for 5 years
D. The time it takes to pay off the loan
E. None of the above
75. Sellers are well aware that industrial buyers of products __________________.
A. Need only the highest quality products
B. Need a high and a low level of quality products
C. Need a selection of products with different qualities and price levels
D. Need only low priced products
E. None of the above
76. Southwest Airlines is a good example of the concept of service criteria because ______.
A. It flies a variety of planes made by only Boeing
B. It minimize service costs by having untrained employees performing routine maintenance
C. Its service terminals are in low cost parts of the country
D. It flies only Boeing 737's so maintenance crews need to know only one plane.
E. None of the above
8-17
Chapter 08 - Understanding Customers: Business to Business Markets
79. A fundamental criterion in vendor selection is the vendor's ability to meet contractual
obligations including delivery times and service schedules. This concept is called ______
A. Supplier choice
B. Dependability
C. Reliability
D. Sustainability
E. None of the above
80. Accountants, purchasing agents, engineers, and other players in a buying center perceive
the evaluation of products in different ways which makes a buying center:
A. Less effective than a center handled only by purchasing
B. More effective since individuals with different perspectives gives a well-rounded view of
the purchase decision.
C. Chaotic since there are so many different view points for a product evaluation
D. All of the above
E. None of the above
8-18
Chapter 08 - Understanding Customers: Business to Business Markets
81. Once a purchase decision is made, the sales process continues and is called
_____________.
A. Cognitive dissonance
B. Purchase evaluation process
C. Post mortem analysis
D. Post purchase evaluation
E. None of the above
82. Any influence on the product and supplier choice is an organizational factor. The primary
organizational factor is _________.
A. Needs and desires of those involved
B. Opportunity for promotion of the buying center manager
C. Product specifications
D. Financial considerations
E. Risk tolerance
83. Once a sale is made and the product delivered in the B2B market the buyer _____.
A. Evaluates the product and supplier in a post purchase process
B. Considers the sale complete
C. Looks for rapid installation of the product
D. Uses pert charts to evaluate time efficiencies
E. None of the above
84. All companies lose customers periodically. Losing a customer can be difficult or it can
________________.
A. Be an epiphany
B. Be an episode of self-reflection
C. Be an opportunity to reacquire customers
D. Be an excuse to let people go
E. Be lead to lower prices because of pressure from the sales force
8-19
Chapter 08 - Understanding Customers: Business to Business Markets
86. B-to-B transactions have been growing at a phenomenal rate. On-line B-to-B sales
worldwide is now in excess of ______________.
A. $100 million dollars
B. $500 million dollars
C. $1 billion dollars
D. $1 trillion dollars
E. None of the above
8-20
Another random document with
no related content on Scribd:
The Project Gutenberg eBook of The works of the
Rev. John Wesley, Vol. 08 (of 32)
This ebook is for the use of anyone anywhere in the United States
and most other parts of the world at no cost and with almost no
restrictions whatsoever. You may copy it, give it away or re-use it
under the terms of the Project Gutenberg License included with this
ebook or online at www.gutenberg.org. If you are not located in the
United States, you will have to check the laws of the country where
you are located before using this eBook.
Title: The works of the Rev. John Wesley, Vol. 08 (of 32)
Language: English
Transcriber’s Notes
The cover image was provided by the transcriber and is placed
in the public domain.
The text may show quotations within quotations, all set off by
similar quote marks. The inner quotations have been
changed to alternate quote marks for improved readability.
This book was written in a period when many words had not
become standardized in their spelling. Words may have
multiple spelling variations or inconsistent hyphenation in
the text. These have been left unchanged unless indicated
with a Transcriber’s Note.
THE
WORKS
OF THE
Volume VIII.
B R I S T O L:
Printed by WILLIAM PINE, in Wine-Street.
MDCCLXXII.
THE
CONTENTS
Of the Eighth Volume.
Book II.
Book III.
Nicodemus:
Or a Treatise on the Fear of Man.
Chapter I. Of the nature and causes of the fear of man.
Chapter IV. Of the excuses that are usually made for the fear of man.
Chapter VII. Of the good which arises from the boldness of faith,
conquering the fear of man.
CHRISTIAN PATTERN:
Or, a treatise on the imitation of Christ. Written in Latin by Thomas a
Kempis.
B O O K II.
C H A P T E R VI.
Of the joy of a good conscience.
Sinners have never true joy, nor feel inward peace; because
There is no peace to the wicked, saith the Lord.
*He enjoyeth great peace of mind, that careth neither for the
praise nor dispraise of men.
Thou art not the more holy, though thou art praised; nor the less,
though thou art dispraised.
*What thou art, thou art; neither canst thou be said to be greater
than thou art in the sight of God.
If thou considerest what thou art within, thou wilt not care what
men say of thee.
Man seeth the face, but God looketh into the heart.
*To walk inwardly with God, and not to love any thing without, is
the state of a spiritual man.
C H A P T E R VII.
Of the love of Jesus.
Thou oughtest to leave what thou hast loved hitherto, for the sake
of Jesus; for he will be loved alone.
*He that cleaveth unto a creature, shall fall when it falls: he that
embraceth Jesus, shall stand firmly for ever.
Love him, and keep him for thy friend, who, when all go away, will
not forsake thee.
*Thou must one day be left of all whether thou wilt or no.
2. Keep close to Jesus, both in life and death, and commit thyself
unto his faithfulness, who, when all fail, can alone help thee.
Thy beloved will not admit of a rival, but will have thy heart alone,
and sit like a king in his own throne.
*Trust not, nor lean upon a broken reed; for all flesh is grass, and
all the glory thereof shall wither away.
If in them thou seekest comfort and profit, thou shalt often feel
loss.
If thou seekest Jesus in all things, thou shalt surely find Jesus.
*If thou seekest thyself, thou shalt also find thyself, but to thy own
destruction.
For if a man doth not seek Jesus, he doth more hurt to himself
than the world and all his adversaries could do.
C H A P T E R VIII.
Of familiar friendship with Jesus.
Did not Mary presently rise from the place where she wept, when
Martha said unto her, The master is come and calleth for thee?
Happy the hour when Jesus calleth from tears to spiritual joy!
How dry and cold art thou without Jesus! How foolish and vain if
thou desirest any thing out of Jesus!
*Is not this a greater loss, than if thou shouldest lose the whole
world?
And he that looseth Jesus, looseth too much, and more than the
whole world.
*He is most poor, that liveth without Jesus: and he is most rich
that is well with Jesus.
And if thou shouldest drive him away, unto whom wilt thou fly, and
what friend wilt thou seek?
*Without a friend thou canst not live well, and if Jesus be not
above all friends unto thee, thou shalt be very sorrowful and
desolate.
It is better for thee to have all the world against ♦thee, than Jesus
offended with thee.
Therefore of all things that are dear to thee, let Jesus alone be
peculiarly thy beloved.
*Love all for Jesus, but Jesus for himself.
For him, and in him, let as well friends as foes be dear unto thee;
pray to him for all these, that all may know and love him.
*4. Be pure and free within, and entangle not thy heart with any
creature.
And truly, unless thou be prevented and drawn by his grace, thou
shalt never attain to this, to forsake and cast off all, that thou mayst
be united to him alone.
For when the grace of God cometh unto man, then he has power
to do all things; and when that retires, he is poor and weak, and as it
were, left only to affliction.
Yet in this thou oughtest not to dispair; but to resign thyself to the
will of God, and to bear all things that befal thee for the glory of
Christ: for after winter followeth summer, and after a storm a great
calm.
C H A P T E R IX.
Of the want of all comfort.
I T is not hard to despise human comfort, when we have divine.
*See thou learn to forsake thy intimate and beloved friend for the
love of God.
*Be not grieved when thou art forsaken by a friend, knowing that
we all at length must be separated from one another.
*Be not puffed up, neither do thou presume vainly: but be rather
more humble for the gift, and more wary in all thy actions: for that
hour will pass away, and temptation will succeed.
Yet doth he not despair, but more earnestly prayeth unto the
Lord, and saith, Then cried I unto thee, O Lord, and gat me to my
Lord right humbly.
But wherein? Thou hast turned, saith he, my heaviness into joy:
thou hast compassed me about with gladness.
C H A P T E R X.
Of thankfulness for the grace of God.
What worldly man would not willingly receive spiritual joy and
comfort, if he could always have it?
For spiritual comforts exceed all the delights of the world, and
pleasures of the flesh.
God doth well in giving his grace of consolation; but man doth evil
in not returning all again unto God with thanksgiving.
For grace ever attendeth him that is thankful; and from the proud
shall be taken that which is given to the humble.
All that is high is not holy; nor all that is sweet, good; nor every
desire pure; nor every thing that is dear unto us, grateful to God.
*I willingly accept that grace, whereby I may ever become more
humble and careful, and more ready to renounce myself.
Give unto God that which is God’s, and ascribe unto thyself that
which is thine own; that is, give thanks to God for his grace, and
acknowledge that nothing is thine, but only sin, and the punishment
due thereto.
3. Set thyself always in the lowest place, and the highest shall be
given thee; for thou canst not be in the highest, till thou hast been in
the lowest.
The chief saints before God are the least in their own eyes: and
how much the more glorious, so much the more humble.
Those that are firmly settled and grounded in God, can no way be
proud.
Let the least appear unto thee very great, and the most
contemned as an especial gift.
If thou considerest the worth of the Giver, no gift will seem little,
or of too mean esteem. For that is not little which is given by the
most high God.
C H A P T E R XI.
That there are few who love the cross of Christ.
All desire to rejoice with him, but few will suffer any thing for him.
But if Jesus hide himself, and leave them but awhile, they fall
either into complaint, or dejection.
2. But they that love Jesus for Jesus, and not for some comfort of
their own, bless him in all tribulation and anguish of heart, as well as
in the greatest comfort.
And although he should never give them comfort, yet they would
ever praise him and always give him thanks.
3. O how powerful is the pure love of Jesus, which is mixed with
no self-interest!
*For where is any one to be found that is indeed free from all
affection to creatures?
And that when he hath done all which he knew ought to be done,
he know that he hath done nothing.
5. Let him not think that a great thing, which others may think so;
but according to truth let him affirm himself to be an unprofitable
servant, as our Saviour hath said, When ye have done all things that
are commanded you, say, We are unprofitable servants.