WATCH MINI CASE: Bob Is Interviewing for High-Level Managerial Jobs

question 104

Multiple Choice

WATCH MINI CASE: Bob is interviewing for high-level managerial jobs in the Boston area. He decides that, in order to make himself more appealing for the job, he should wear expensive suits and carry expensive business accessories. To this end, he has decided to purchase an Icon watch, because Bob perceives that Icon watches are expensive and typically worn by people with high social status. In fact, Icon specifically targets its wristwatches to image-conscious business executives and has its best results focusing its marketing efforts on men between the ages of 35 and 50 living in affluent zip codes of New York City and its surrounding suburbs.
-In the WATCH MINI CASE, Icon seems to be appealing to a target market of consumers seeking a wristwatch that provides ________.

• A) a sense of achievement
• B) a sense of power
• C) a sense of being well-educated
• D) a sense of status
• E) a sense of importance

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Definitions:

Book Value

The value of a company's assets minus its liabilities, as recorded on the balance sheet.