Chapter 1
1. What is the fundamental purpose of marketing?
2. The text states, "Good marketing is not a random activity." Create an example to respond to this statement.
3. Over the four marketing eras, how did the emphasis on the four Ps change?
List the four eras and describe which of the four Ps were emphasized during each era.
Era Marketing Tool
Product Price Place Promotion
Production
Sales
Marketing
Value Based Marketing
Chapter 2
1. Your new sales manager, who previously worked for Boston Consulting Group, directs each sales rep to "toss out the dogs," "exploit the stars," and "milk the cows." Translate this into everyday English: what is the sales manager asking the sales reps to do?
2. If you were the CEO of low cost airline, please describe the PEST of this company.