Wolters World

Honest Travel Advice

Menu
  • Destinations
  • Don’ts of Traveling
  • Travel Tips
  • Shop
  • About
  • Work with Us
Menu
strategic marketing

Principles of Marketing Exam 3 Study Guide

Posted on August 29, 2022April 15, 2024 by Mark Wolters

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

Tweets by @woltersworld

Hey There Fellow Travelers

If you want HONEST Travel Advice from travelers who have been there, this is the Travel site for you. We focus on giving you the best & the worst parts of traveling, the cultural differences, the do's and don'ts and so much more. Please join us on our journey to help other travelers. Happy Travels!

Wolters World is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program that is set up to help us to earn fees by linking to Amazon.com and affiliated sites.

©2025 Wolters World
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT