GMAT Question of the Day - Daily to your Mailbox; hard ones only

It is currently 10 Dec 2019, 02:59

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Confirm Cancel

It can be argued that much consumer dissatisfaction with marketing str

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
TAGS:

Hide Tags

Find Similar Topics 
Manager
Manager
avatar
Joined: 07 Feb 2010
Posts: 114
It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post Updated on: 20 Aug 2019, 01:10
14
7
Question 1
00:00
A
B
C
D
E

based on 289 sessions

80% (02:57) correct 20% (02:42) wrong

HideShow timer Statistics

Question 2
00:00
A
B
C
D
E

based on 276 sessions

68% (00:55) correct 32% (01:06) wrong

HideShow timer Statistics

Question 3
00:00
A
B
C
D
E

based on 289 sessions

54% (01:13) correct 46% (01:20) wrong

HideShow timer Statistics

Question 4
00:00
A
B
C
D
E

based on 275 sessions

78% (01:00) correct 22% (00:54) wrong

HideShow timer Statistics

Question 5
00:00
A
B
C
D
E

based on 263 sessions

91% (01:02) correct 9% (01:20) wrong

HideShow timer Statistics

Question 6
00:00
A
B
C
D
E

based on 279 sessions

38% (01:27) correct 62% (01:38) wrong

HideShow timer Statistics

Question 7
00:00
A
B
C
D
E

based on 252 sessions

92% (01:03) correct 8% (01:18) wrong

HideShow timer Statistics

Question 8
00:00
A
B
C
D
E

based on 256 sessions

53% (01:17) correct 47% (01:14) wrong

HideShow timer Statistics

It can be argued that much consumer dissatisfaction with marketing strategies arises from an inability to aim advertising at only the likely buyers of a given product. There are three groups of consumers who are affected by the marketing process. First, there is the market segment—people who need the commodity in question. Second, there is the program target—people in the market segment with the “best fit” characteristics for a specific product. Lots of people may need trousers, but only a few qualify as likely buyers of very expensive designer trousers. Finally, there is the program audience―all people who are actually exposed to the marketing program without regard to whether they need or want the product.

These three groups are rarely identical. An exception occurs occasionally in cases where customers for a particular industrial product may be few and easily identifiable. Such customers, all sharing a particular need, are likely to form a meaningful target, for example, all companies with a particular application of the product in question, such as high-speed fillers of bottles at breweries. In such circumstances, direct selling (marketing that reaches only the program target) is likely to be economically justified, and highly specialized trade media exist to expose members of the program target—and only members of the program target—to the marketing program.

Most consumer-goods markets are significantly different. Typically, there are many rather than few potential customers. Each represents a relatively small percentage of potential sales. Rarely do members of a particular market segment group themselves neatly into a meaningful program target. There are substantial differences among consumers with similar demographic characteristics. Even with all the past decade’s advances in information technology, direct selling of consumer goods is rare, and mass marketing—a marketing approach that aims at a wide audience—remains the only economically feasible mode. Unfortunately, there are few media that allow the marketer to direct a marketing program exclusively to the program target. Inevitably, people get exposed to a great deal of marketing for products in which they have no interest and so they become annoyed.
1. The passage suggests which of the following about highly specialized trade media?
(A) They should be used only when direct selling is not economically feasible.
(B) They can be used to exclude from the program audience people who are not part of the program target.
(C) They are used only for very expensive products.
(D) They are rarely used in the implementation of marketing programs for industrial products.
(E) They are used only when direct selling has not reached the appropriate market segment.



2. According to the passage, most consumer-goods markets share which of the following characteristics?
I. Customers who differ significantly from each other
II. Large numbers of potential customers
III. Customers who each represent a small percentage of potential sales
(A) I only
(B) II only
(C) I and II only
(D) II and III only
(E) I, II, and III



3. The passage suggests which of the following about direct selling?
(A) It is used in the marketing of most industrial products.
(B) It is often used in cases where there is a large program target.
(C) It is not economically feasible for most marketing programs.
(D) It is used only for products for which there are many potential customers.
(E) It is less successful at directing a marketing program to the target audience than are other marketing approaches.



4. The author mentions “trousers” (lines 9 and 11) most likely in order to
(A) make a comparison between the program target and the program audience
(B) emphasize the similarities between the market segment and the program target
(C) provide an example of the way three groups of consumers are affected by a marketing program
(D) clarify the distinction between the market segment and the program target
(E) introduce the concept of the program audience



5. Which of the following best exemplifies the situation described in the last two sentences of the passage?
(A) A product suitable for women age 21-30 is marketed at meetings attended only by potential customers.
(B) A company develops a new product and must develop an advertising campaign to create a market for it.
(C) An idea for a specialized product remains unexplored because media exposure of the product to its few potential customers would be too expensive.
(D) A new product is developed and marketers collect demographic data on potential consumers before developing a specific advertising campaign.
(E) A product suitable for men age 60 and over is advertised in a magazine read by adults of all ages.



6. The passage suggests that which of the following is true about the marketing of industrial products like those discussed in the third paragraph?
(A) The market segment and program target are identical.
(B) Mass marketing is the only feasible way of advertising such products.
(C) The marketing program cannot be directed specifically to the program target.
(D) More customers would be needed to justify the expense of direct selling.
(E) The program audience would necessarily be made up of potential customers, regardless of the marketing approach that was used.



7. The passage supports which of the following statements about demographic characteristics and marketing?
(A) Demographic research is of no use in determining how successful a product will be with a particular group of consumers.
(B) A program audience is usually composed of people with similar demographic characteristics.
(C) Psychological factors are more important than demographic factors in defining a market segments.
(D) Consumers with similar demographic characteristics do not necessarily form a meaningful program target.
(E) Collecting demographic data is the first step that marketers take in designing a marketing program.



8. It can be inferred from the passage that which of the following is true for most consumer-goods markets?
(A) The program audience is smaller than the market segment.
(B) The program audience and the market segment are usually identical.
(C) The market segment and the program target are usually identical.
(D) The program target is larger than the market segment.
(E) The program target and the program audience are not usually identical.



Originally posted by anilnandyala on 06 Nov 2010, 23:04.
Last edited by SajjadAhmad on 20 Aug 2019, 01:10, edited 1 time in total.
Updated - Complete topic (215).
Intern
Intern
avatar
Joined: 28 Oct 2010
Posts: 2
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 08 Nov 2010, 14:43
Well an excellent passage ... tough to understand but if you just have a clear undersanding of
1. The three catgories of marketing from the passage.
2. Why the "trouser" example is given?
3. Difference between them...

BECDEADE
The answers are clear. I got them 8/8 . But took a lot of time. Just tried to analyse the method to read this passage.
Manager
Manager
avatar
Joined: 17 Sep 2010
Posts: 160
Concentration: General Management, Finance
GPA: 3.59
WE: Corporate Finance (Entertainment and Sports)
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 11 Nov 2010, 16:54
Disagree with answer C on this one.

Passage does not mention anything about "most marketing programs". It only references industrial products and consumer products. While it speaks of the economic feasibility for both marketing programs, it doesn't define "most marketing programs", so that's why I went with answer A.

Anyone care to shed their thoughts?


3. The passage suggests which of the following about direct selling?
(A) It is used in the marketing of most industrial products.
(B) It is often used in cases where there is a large program target.
(C) It is not economically feasible for most marketing programs.
(D) It is used only for products for which there are many potential customers.
(E) It is less successful at directing a marketing program to the target audience than are other marketing approaches.
Intern
Intern
avatar
Joined: 19 Jul 2010
Posts: 18
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 11 Nov 2010, 18:23
USCTrojan...Initially I too was inclined to choose A.!
However as mentioned in the para "An exception occurs occasionally in cases where customers for a particular industrial product may be few and easily identifiable. " indicates that direct selling is used only in exceptional cases thus 'most' industrial products becomes qualifies Direct Selling for virtually all industrial products, which is not the case.

"In such circumstances, direct selling (marketing that reaches only the program target) is likely to be economically justified, and highly specialized trade media exist to expose members of the program target—and only members of the program target—to the marketing program. This seems to suggest that direct selling costs need to be justified for any program and there are few such exceptions where direct selling is justified.
Manager
Manager
avatar
Joined: 17 Sep 2010
Posts: 160
Concentration: General Management, Finance
GPA: 3.59
WE: Corporate Finance (Entertainment and Sports)
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 11 Nov 2010, 18:28
Hmmm, I see your point. Upon reflection, I should've had this one.

sameerdrana wrote:
USCTrojan...Initially I too was inclined to choose A.!
However as mentioned in the para "An exception occurs occasionally in cases where customers for a particular industrial product may be few and easily identifiable. " indicates that direct selling is used only in exceptional cases thus 'most' industrial products becomes qualifies Direct Selling for virtually all industrial products, which is not the case.

"In such circumstances, direct selling (marketing that reaches only the program target) is likely to be economically justified, and highly specialized trade media exist to expose members of the program target—and only members of the program target—to the marketing program. This seems to suggest that direct selling costs need to be justified for any program and there are few such exceptions where direct selling is justified.
Manager
Manager
avatar
Joined: 24 Apr 2010
Posts: 53
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 12 Nov 2010, 04:38
i got 6/8 but i think i took more than 10 minutes and had priviledge to go back to passage again and again :o

so question seems to be not how to solve it
but
how to solve it with in given time and under that pressure.

I think gmatprep software doesnt tell the passage will have 8 questions.
So you really get scared seeing long passage
and people make mistakes when they are scared.

thanks
Manager
Manager
User avatar
Status: mba here i come!
Joined: 07 Aug 2011
Posts: 182
GMAT ToolKit User
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 23 Aug 2011, 01:04
i got the last one wrong, so happy with the performance. got fed up of answering 8 questions.

this is not a gmat RC though. in gmat, you'll see 4 or 5 questions for a single passage, not 8. doing such passages is a downer for my morale. and, the timing will be much better in this passage than on actual gmat questions because you get to read an entire passage to answer 4-5 questions.

my advice is not to do such passages. focus on the ones with 4-5 questions.
Senior Manager
Senior Manager
avatar
Joined: 08 Apr 2012
Posts: 323
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 27 Sep 2014, 09:11
Anyone have something to say about q. 6?
I chose E because we don't care about what the marketing is...
We only care about who gets to see it, and that's why the direct marketing exists... no?
Intern
Intern
avatar
Joined: 21 Jun 2014
Posts: 11
GPA: 3.9
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 09 Sep 2015, 01:08
I quite didnt understand the 6th Question... it says "The passage suggests that which of the following is true about the marketing of industrial products like those discussed in the third paragraph?

There are no industrial products discussed in the third para.. And moreover the third para says that "consumer goods" are better mass marketed - so option (B)
However if option (A) was to be right, then we should have been looking in to 2nd para! (how does 3rd para even say anything about industrial products" - please explain !
Current Student
User avatar
B
Joined: 25 Feb 2014
Posts: 210
GMAT 1: 720 Q50 V38
Reviews Badge
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 08 Oct 2015, 00:32
1
Following lines from the third paragraph supports option A for Question 6

These three groups are rarely identical. An exception occurs occasionally in cases where customers for a particular industrial product may be few and easily identifiable.
Since products like these industrial products are an exception to the generalization that "These three groups are rarely identical."

This implies that for such products market segment and program target are identical.
Manager
Manager
avatar
B
Joined: 13 Nov 2017
Posts: 56
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 06 Jan 2018, 23:16
nikhilbhide wrote:
I got 6/8 and it took 14 mins :o
Can anyone please explain Q6 and Q8.


This is my reasoning.

6. The passage suggests that which of the following is true about the marketing of industrial products like those discussed in the third paragraph?
(A) The market segment and program target are identical.
-> correct.
'Rarely do members of a particular market segment group themselves neatly into a meaningful program target.'
(B) Mass marketing is the only feasible way of advertising such products.
-> Not mentioned and there is no 'only' so we cannot say only.
(C) The marketing program cannot be directed specifically to the program target.
-> Not mentioned
(D) More customers would be needed to justify the expense of direct selling.
-> Not mentioned
(E) The program audience would necessarily be made up of potential customers, regardless of the marketing approach that was used.
-> no need to necessarily. This information is not mentioned



8. It can be inferred from the passage that which of the following is true for most consumer-goods markets?
(A) The program audience is smaller than the market segment.
(B) The program audience and the market segment are usually identical.
(C) The market segment and the program target are usually identical.
(D) The program target is larger than the market segment.
(E) The program target and the program audience are not usually identical.
-> 'Even with all the past decade's advances in information technology,direct selling of
consumer goods is rare, and mass marketing-a marketing approach that aims at a wide audience-
remains the only economically feasible mode'
: It means that 'The program target' and 'The program audience' is not identical.
So, E is correct.
Manager
Manager
avatar
B
Joined: 04 Oct 2017
Posts: 73
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 07 Jan 2018, 02:19
[quote="OptimusPrimea1"]Anyone care to explain questions 1 and 3..

In question 1, the answer is B. Please refer the 2nd paragraph, sentence 9.....specialised trade media exists to expose members of the program target .............to the marketng program.

In qustion 3, the answer is C. again refer 2nd paragraph, sentence 8. ........is likely to be economically justified.....

Hope it clarifies.
Current Student
User avatar
B
Joined: 06 Sep 2016
Posts: 125
Location: Italy
Schools: EDHEC (A$)
GMAT 1: 650 Q43 V37
GPA: 3.2
WE: General Management (Human Resources)
Re: It can be argued that much consumer dissatisfaction with marketing str  [#permalink]

Show Tags

New post 16 Jan 2018, 11:20
I have to notice an error in the Q6 that made me pick the wrong choice.
6.The passage suggests that which of the following is true about the marketing of industrial products like those discussed in the third paragraph?
The text discuss the "industrial products" in the second paragraph, not in the third.

Hope that helps!
GMAT Club Bot
Re: It can be argued that much consumer dissatisfaction with marketing str   [#permalink] 16 Jan 2018, 11:20
Display posts from previous: Sort by

It can be argued that much consumer dissatisfaction with marketing str

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  





Powered by phpBB © phpBB Group | Emoji artwork provided by EmojiOne