BADM 320 Exam 2 Study Guide for Fall 2019

Published by Mark Wolters on

Exam 2 Study Guide

It is time again for our latest exam! This is exam 2 for BADM 320: Principles of Marketing. The topics covered are: Topic 5: Consumer Behavior, Topic 6: Business to Business Marketing, Topic 7: Global Marketing, Topic 8: Segmentation, Targeting, Positioning, Topic 9: Marketing Research, and Topic 10: Branding.

The exam is 50 multiple choice questions, so bring your pencil and your UIN to the exam and GOOD LUCK!!

Topic 5: Consumer Behavior

Types of Buying Behavior

Consumer Behavior is Weird: Just Liam

Consumer Decision Making Process

Universal, Retrieval, Evoked Sets

Evaluation of Alternatives

Risks Related to Information Search

Post-Purchase Buyer’s Remorse

Factors Shaping Consumer Behavior: How Retailers Get Us

4 Cs of Marketing

Topic 6: Business to Business Marketing

Intro to B2B Marketing

Types of B2B Marketing You Will See

B2B vs B2C Marketing: Comparisons

The B2B Buying Process

The Request for Proposal Process

B2B Buying Centers Explained: The People involved in the decision making process

B2B Buying Situations

Organizational Buying Cultures

Topic 7: Global Marketing

Drivers of Globalization: Where did globalization come from

Globalization of Products and Services

Porter’s National Diamond Framework

Assessing Global Markets Explained & The Economic Aspects

Assessing Global Markets: Political Issues

Assessing Global Markets: Infrastructure & Technology

Assessing Global Markets: Social-Cultural Differences, The Hofstede Model

Global Market Entry Strategies: From Exporting to Direct Investment

How to Choose a Global Market Entry Strategy

Communication & Product Adaption When Going Global

Topic 8: Segmentation, Targeting, Positioning

Introduction to Segmentation, Targeting & Positioning

The Segmentation Process Explained

Basic Segmentation Methods

Evaluate Segment Attractiveness

How to Develop Positioning Strategies

Positional Mapping

The Steps in Positioning Your Products/Services

Topic 9: Marketing Research

The Basics of Marketing Research

The Marketing Research Process

Questions You Should Always & Never Ask When Doing Marketing Research

Exploratory vs Conclusive Research

Secondary Data Explained

Primary Data Explained

Structured vs Unstructured Questions for Marketing Research

The 5 Ps of Marketing Research

Topic 10: Branding.

What is a Product?

Types of Products Consumers Buy

What is Branding?

How Branding Helps Customers & Sellers

https://youtu.be/dBGhcyLBmLQ

How Do We Create Brand Equity

Brand Extension & Brand Dilution Explained

Steps in Brand Strategy Development

Brand Image vs Brand Identity

Five Basics of Positioning Principles for Brands

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Mark Wolters

Prof. Mark Wolters is a Teaching Associate Professor of Business Administration. He has taught at a number of universities and colleges around the world. He truly loves teaching and helping others learn about marketing and business.