Exam 3 for BADM 320 Principles of Marketing with Prof. Mark Wolters from the University of Illinois Gies College of Business. This exam covers the following topics: New Product Development, Service Marketing, Pricing, Supply Chain Management, and Advertising.
Practice Exam 3
Practice Exam 3 – 2018
Topic 11: New Product Development
Why Do Firms Develop New Products
New Product Categories
Competitive Positions in the Marketplace
Diffusion of Innovation Theory Explained
First Mover Advantages
Product Life Cycle
Why New Products Fail
Topic 12: Service Marketing
How is Service Marketing Different Than Product Marketing
Typical Service Failures
Gaps Model Explained
How to Evaluate Service Quality
Managing Customer Expectiations
Topic 13: Pricing Tactics & Strategies
5 Cs of Pricing Strategies
Pricing Strategies
Pricing Tactics
Macro Influences on Pricing
Legal & Ethical Aspects of Pricing
Topic 14: Supply Chain Management
Data Mining vs Data Warehousing
What Does a Distribution Center Do
Where Does Supply Chain Conflict Come From
Value Chain Analysis
Marketing Math
Trends in Retail
Topic 15: Advertising & Integrated Marketing Communication
Advertising Objectives
Pull Advertising vs Push Advertising
Types of Appeals to Consumers
Advertising Scheduling
Parts of Integrated Marketing Communication That Are Not Advertising
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