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Return to Strategic Marketing, 4e Student Resources
Chapter 6 Self-test MCQs
Quiz Content
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According to Umayr Ismail there are five key pillars to bear in mind when building long-term, sustainable customer relationships. Which of the following is one of them?
Low price
correct
incorrect
Quality
correct
incorrect
Respect
correct
incorrect
Care
correct
incorrect
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_________ are individuals who are not yet even mildly warm leads for the selling company.
Suspects
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incorrect
Prospects
correct
incorrect
Clients
correct
incorrect
Customers
correct
incorrect
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_________ should be based upon profitability for firms trying to improve long-term firm performance according to Zeithaml et al (2001).
Bottom of the pyramid
correct
incorrect
Client possibility pyramid
correct
incorrect
Customer profitability pyramid
correct
incorrect
Customer price pyramid
correct
incorrect
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Which of the followings is not one of the four levels of the Customer Profitability Pyramid?
Gold
correct
incorrect
Silver
correct
incorrect
Iron
correct
incorrect
Bronze
correct
incorrect
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________ is the client type which only appears to have loyalty to the relationship but may hold the tenuousness of that relationship over the seller's head to maintain some kind of leverage over the seller.
Hostage
correct
incorrect
Terrorist
correct
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Thief
correct
incorrect
Mercenary
correct
incorrect
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There are four dimensions of customer relationship quality in B2B relationships according to Zhang, Watson, and Palmatier (2018) Which of the below is not one of them?
Normality
correct
incorrect
Trust
correct
incorrect
Commitment
correct
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Dependence
correct
incorrect
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What is the best strategy for data collection and analysis?
Relying on raw data rather than really observing and getting to know the customers
correct
incorrect
Asking customers for information
correct
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Combining both transaction data with human data
correct
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Collecting data for the sake of data
correct
incorrect
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Kotler (2003) explains that there are two ways to strengthen customer retention. Which of the following is one those ways?
Delivering ever-increasing levels of customer satisfaction
correct
incorrect
Lowering switching barriers
correct
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Keeping the same customer satisfaction level
correct
incorrect
Customer reality management
correct
incorrect
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Loyalty schemes can reasonably be expected to do several things for the companies that use them (Nunes and Dreze, 2006). Which of the following is
not
one of the benefits of loyalty schemes?
Keep customers from defecting
correct
incorrect
Win a greater share of the wallet
correct
incorrect
Create competition
correct
incorrect
Prompt customers to make additional purchases
correct
incorrect
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Which of the following is an important step in building customer love?
Transcendence
correct
incorrect
Encouragement
correct
incorrect
Encompassing
correct
incorrect
Enchantment
correct
incorrect
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