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Chapter 4 Managing Marketing Information to Gain Customer Insights
1) Despite the data glut that marketing managers receive, they frequently complain that they lack
________.
A) enough information of the right kind
B) timely information
C) accurate information
D) reliable information
E) valid information
Answer: A
Diff: 2 Page Ref: 100
AACSB: Communication
Skill: Concept
Objective: 4-1
2) A marketing information system (MIS) consists of people and procedures to assess information
needs, ________, and help decision makers analyze and use the information.
A) experiment to develop information
B) test market the information
C) develop the needed information
D) critique the needed information
E) question the needed information
Answer: C
Diff: 1 Page Ref: 101
AACSB: Communication
Skill: Concept
Objective: 4-1
3) A good MIS balances the information users would ________ against what they really ________
and what is ________.
A) need; like; feasible
B) like; can afford; needed
C) like to have; need; feasible to offer
D) need; can afford; useful
E) use; have to use; available
Answer: C
Diff: 3 Page Ref: 102
Skill: Concept
Objective: 4-2
4) Marketers must weigh carefully the costs of additional information against the ________
resulting from it.
A) organization
B) benefits
C) creativity
D) ethical issues
E) cost
Answer: B
Diff: 1 Page Ref: 102
Skill: Concept
Objective: 4-2
5) Four common sources of internal data include the accounting department, operations, the sales
force, and the ________.
A) owners
B) stockholders
C) marketing department
D) competition
E) Web
Answer: C
Diff: 2 Page Ref: 103
AACSB: Communication
Skill: Concept
Objective: 4-2
6) ________ is the systematic collection and analysis of publicly available information about
consumers, competitors, and developments in the marketing environment.
A) Marketing data
B) Marketing i
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