Explain Maslow's hierarchy of needs.
1. Biological and Physiological needs - air, food, drink, shelter, warmth, sex, sleep.
2. Safety needs - protection from elements, security, order, law, stability, freedom from fear.
3. Love and belongingness needs - friendship, intimacy, affection and love, - from work group, family, friends, romantic relationships.
4. Esteem needs - achievement, mastery, independence, status, dominance, prestige, self-respect, respect from others.
5. Self-Actualization needs - realizing personal potential, self-fulfillment, seeking personal growth and peak experiences.
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Marketing
- What is the product life cycle and what is it based off of?
- What are the types of brand valuation?
- What counts most in motivating the sales force?
- What are the determinants of service quality?
- What are the characteristics of services marketing and what are their marketing problems/solutions?
- What is a product mix? What are the four dimensions of a product mix?
- What is a brand? What are the advantages of branding?
- What is a product? what are three levels of a product?
- Describe the different types of value propositions on which a company might position its products.
- Explain the four major segmentation variables for consumer markets.
- Explain the four major steps in designing a customer-driven marketing marketing strategy.
- Explain the major types of buying situations.
- Identify and describe the stages in the adoption process of a new product.
- Describe the steps of the buyer decision.
- What is the customer relationship management (CRM)? What are the functions of CRM? How do firms benefit from CRM systems?
- Differentiate between the three types of marketing research objectives: exploratory research, descriptive research, and causal research.
- Explain the steps involved in the marketing research process.
- Marketers can obtain needed information from internal data, marketing intelligence, and marketing research. Describe some common sources of each of these.
- Discuss the four Ps of the typical marketing mix.
- Discuss the four Ps of the typical marketing mix.
- What is a business portfolio? How does a company typically conduct a portfolio analysis?
- Define customer equity, and explain why it is important to a company.
- Compare and contrast the product and production concepts.
- Using suitable examples, briefly compare and contrast the concepts of needs, wants, and demands. Discuss how these concepts relate to the marketing practices.