Reference no: EM13924710

1) 3M, Hewlett-Packard, Lego, and other companies use the ________ to manage the innovation process.

A. skunk works
B. new product "team"
C. stage-gate system
D. joint- venture system
E. venture team

2) A ________ is a set of procedures and sources managers use to obtain everyday information about developments in the marketing environment.

A. vertical system
B. product management system
C. marketing research system
D. marketing information system
E. marketing intelligence system

3) A(n) ________ is any good, service, or idea that is perceived by someone as new.

A. creative product
B. innovation
C. product
D. new idea

4) A company can take several steps to improve the quality of its marketing intelligence. If the company purchases competitive products for study, attends open houses and trade shows, and reads competitors' published reports and stockholder information, the company is using ________ to improve the quality of its marketing intelligence.

A. customer feedback systems
B. external networks
C. sales force surrogates
D. intermediaries
E. advisory panels

5) ________ consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers.

A. A marketing database
B. A marketing intelligence system
C. A marketing information system
D. A marketing research system
E. A promotional campaign