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43
LISTENING
Listen to the lecture where the lecturer defines marketing and the
ways in which the system operates. While listening take notes which you
will need later to answer your teacher’s questions and do assignments.
Model questions:
1. Is marketing expensive? How much money out of every dollar
spent on retail goods in the USA goes to pay for marketing expense?
For advertising expense?
2. What are the other areas of expense besides advertising?
3. In the introduction the lecturer mentions three important terms
to be discussed. What are they?
4. How many utilities does the marketing system create? Name
them and give examples of each.
5. What is the purpose of the marketing system?
6. How important is the consumer in the marketing system?
7. Illustrate interdependence among the utilities by an example.
QUIZ
While listening do the assignments:
1. Possession utility …
a) always relates to the price or financing
b) never relates to the price or financing
c) typically relates to the price or financing
2. If exchange takes place …
a) all the utilities will be present in a different amount
b) all the utilities will be present in a similar amount
c) not all the utilities will be present
3. Which statement is wrong?
a) Juan earns 35 times less per pound for the coffee that the gro-
cery store does
b) The grocery store sells a pound of coffee for $3.50
c) Instant coffee drinkers pay $3.50 for coffee
44
4. Complete a marketing system chart that works in the case of
coffee (starting with Juan).
5. Which is not true? The form utility changes….
a) from Maxwell House to customers
b) from Juan to Maxwell House
c) from raw material to finished goods
KEY TERMS AND CONCEPTS
After having done the above texts and assignments you will get
to know and be able to explain the following terms:
marketing total-market approach personality
exchange market segmentation social roles
utility market segment reference groups
place utility concentration approach social classes
time utility multisegment approach marketing mix
possession utility marketing research culture
form utility marketing information buyer behavior
perception marketing concepts system
motivation marketing strategy primary data
market learning secondary data
target market attitude
LISTENING 4. Complete a marketing system chart that works in the case of coffee (starting with Juan). Listen to the lecture where the lecturer defines marketing and the ways in which the system operates. While listening take notes which you will need later to answer your teacher’s questions and do assignments. Model questions: 1. Is marketing expensive? How much money out of every dollar spent on retail goods in the USA goes to pay for marketing expense? For advertising expense? 2. What are the other areas of expense besides advertising? 3. In the introduction the lecturer mentions three important terms to be discussed. What are they? 4. How many utilities does the marketing system create? Name them and give examples of each. 5. What is the purpose of the marketing system? 6. How important is the consumer in the marketing system? 7. Illustrate interdependence among the utilities by an example. QUIZ 5. Which is not true? The form utility changes…. a) from Maxwell House to customers While listening do the assignments: b) from Juan to Maxwell House c) from raw material to finished goods 1. Possession utility … a) always relates to the price or financing KEY TERMS AND CONCEPTS b) never relates to the price or financing c) typically relates to the price or financing After having done the above texts and assignments you will get to know and be able to explain the following terms: 2. If exchange takes place … a) all the utilities will be present in a different amount marketing total-market approach personality b) all the utilities will be present in a similar amount exchange market segmentation social roles c) not all the utilities will be present utility market segment reference groups place utility concentration approach social classes 3. Which statement is wrong? time utility multisegment approach marketing mix a) Juan earns 35 times less per pound for the coffee that the gro- possession utility marketing research culture cery store does form utility marketing information buyer behavior b) The grocery store sells a pound of coffee for $3.50 perception marketing concepts system motivation marketing strategy primary data c) Instant coffee drinkers pay $3.50 for coffee market learning secondary data target market attitude 43 44
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