QUESTION 1
(20 marks)
Define the following marketing terms:
1.1 Marketing myopia
1.2 Exc,hange
1.3 market '
1.4 Marketing management
1.5 Market segmentation
1.6 The value proposition
1.7 Customer equity
1.8 Gaining insights
1.9 Sec'o~dary data
1.10 Observational research:
QUESTION 2
(20 marks)
A public is any group that has an actual or potential interest in or impact on an organisation's
ability to achieve its objectives. Name and discuss six of these publics using practical examples.
QUESTION 3
(20 marks)
Consumers have both traditional rights and additional rights advocated by consumer groups.
(a) List and briefly explain the THREE (3) traditional buyers' rights.
10 MARKS ...
(b) List and briefly explain any THREE (3) additional consumer rights advocated by
,consumer advocates. ?
10 MARKS
QUESTION 4
(20 marks)
Identify and explain the FIVE (5) characteristics that influence the rate of adoption of
innovations.
Give ONE (1) relevant example for each characteristic.
QUESTION 5
(10 marks)
A good Marketing Information System balances users' information desires against what they
need and what is feasible to offer. There are three {3) key sources of marketing information.
Use relevant examples and discuss these THREE (3) sources.
2