MCQ Main PDF
MCQ Main PDF
MCQ Main PDF
A. Marketing is the term used to refer only to the sales function within a firm
B. Marketing managers usually don't get involved in production or distribution
decisions
C. Marketing is an activity that considers only the needs of the organization, not
the needs of society as a whole
D. Marketing is the activity, set of institutions, and processes for creating,
communicating, delivering, and exchanging offerings that have value for
customers, clients, partners, and society at large
View answer
Correct answer: (D)
Marketing is the activity, set of institutions, and processes for creating,
communicating, delivering, and exchanging offerings that have value for customers,
clients, partners, and society at large
A. Distribution
B. Product
C. Target market
D. Pricing
View answer
Correct answer: (C)
Target market
A. The competitors may be violating the law and can be reported to the
authorities
B. The actions of competitors may threaten the monopoly position of the firm in
its industry
C. The actions of competitors may create an oligopoly within an industry
D. New product offerings by a competitor with the resulting competitive
variations may require adjustments to one or more components of the firm's
marketing mix
View answer
Correct answer: (D)
New product offerings by a competitor with the resulting competitive variations may
require adjustments to one or more components of the firm's marketing mix
A. Cause marketing
B. Organization marketing
C. Event marketing
D. Person marketing
View answer
Correct answer: (D)
Person marketing
A. Environmental scanning
B. Stakeholder analysis
C. Market sampling
D. Opportunity analysis
View answer
Correct answer: (A)
Environmental
scanning
View answer
Correct answer: (A)
Use of an undifferentiated one-size-fits-all marketing strategy
View answer
Correct answer: (D)
Basis for any marketing strategy
8. These objectives are often the most suitable when firms operate in a market
dominated by a major competitor and where their financial resources are limited
A. Niche
B. Hold
C. Harvest
D. Divest
View answer
Correct answer: (A)
Niche
A. Innovative marketing
B. Consumer-oriented marketing
C. Value marketing
D. Societal marketing
View answer
Correct answer: (D)
Societal marketing
10. The use of price points for reference to different levels of quality for a company's
related products is typical of which product-mix pricing strategy?
A. Optional-product pricing
B. Captive-product pricing
C. By-product pricing
D. Product line pricing
View answer
Correct answer: (D)
Product line pricing
11. ______________ is the concept under which a company carefully integrates and
coordinates its many communications channels to deliver a clear, consistent, and
compelling message about the organization and its products.
View answer
Correct answer: (C)
Integrated marketing communications
12. The ______________ holds that consumers will favor products that are available and
highly affordable (therefore, work on improving production and distribution
efficiency).
A. Product concept
B. Production concept
C. Production cost expansion concept
D. Marketing concept
View answer
Correct answer: (A)
Product concept
View answer
Correct answer: (C)
A philosophy that stresses customer value and satisfaction
A. A composite analysis of all environmental factors inside and outside the firm
B. A series of business decisions that aid in selling a product
C. The relationship between a firm's marketing strengths and its business
weaknesses
D. A blending of four strategic elements to satisfy specific target markets
View answer
Correct answer: (D)
A blending of four strategic elements to satisfy specific target markets
A. Discretionary income
B. Deferred income
C. Inflationary income
D. Disposable income
View answer
Correct answer: (A)
Discretionary income
A. Pricing
B. Distribution
C. Product development
D. Promotion
View answer
Correct answer: (D)
Promotion
17. Assume you are in charge of the politically-mandated process of converting the
economy of a developing African nation from state-controlled to market-driven
business ventures. Your ability to control–––––– will most likely determine the
future success of the country and its government.
A. The culture
B. Marketing
C. Technology
D. Competitive environment
View answer
Correct answer: (B)
Marketing
18. Early adopters of which opinion leaders are largely comprised of and tend to be
______________
A. Generalized; that is, they tend to lead the group on most issues
B. More likely to buy new products before their friends do and voice their
opinions about them
C. From the upper class; people from other classes are more likely to be followers
D. Quiet, withdrawn people who don't make fashion statements or take risks
easily
View answer
Correct answer: (B)
More likely to buy new products before their friends do and voice their opinions
about them
View answer
Correct answer: (A)
The writing of the mission statement
View answer
Correct answer: (D)
All of the above are suitable tactics
21. A marketing philosophy summarized by the phrase "a good product will sell itself"
is characteristic of the ______________ period.
A. Production
B. Sales
C. Marketing
D. Relationship
View answer
Correct answer: (A)
Production
View answer
Correct answer: (B)
Both creativity and critical thinking skills
24. An imbalance between a consumer's actual and desired state in which recognition
that a gap or problem needs resolving is called ______________
A. Motive development
B. An attitudes
C. A self-concept
D. Product Evolutions
View answer
Correct answer: (A)
Motive development
25. When producers, wholesalers, and retailers act as a unified system, they comprise
a ______________
View answer
Correct answer: (D)
Vertical marketing system.
View answer
Correct answer: (C)
New products for new markets
28. The process that turns marketing strategies and plans into marketing actions in
order to accomplish strategic marketing objectives is called ______________
A. Marketing strategy.
B. Marketing control.
C. Marketing analysis.
D. Marketing implementation
View answer
Correct answer: (D)
Marketing implementation
A. Duo-branding
B. Line extension
C. Brand extension
D. Multi-branding
View answer
Correct answer: (C)
Brand extension
30. The stage is the product life cycle that focuses on expanding market and creating
product awareness and trial is the:
A. Decline stage.
B. Introduction stage.
C. Growth stage.
D. Maturity stage.
View answer
Correct answer: (B)
Introduction stage.
View answer
Correct answer: (D)
Product superiority
32. Which of the following represents the correct sequence of tasks for building a
brand (from left to right)?
A. Developing marketing programs, Leverage of secondary associations,
Choosing brand elements
B. Choosing brand elements, Developing marketing programs, Leverage of
secondary associations
C. Choosing brand elements, Leverage of secondary associations, Developing
marketing programs
D. Leverage of secondary associations, Choosing brand elements, Developing
marketing programs
View answer
Correct answer: (B)
Choosing brand elements, Developing marketing programs, Leverage of secondary
associations
33. Company A fixes its marketing communication budget by observing the budget
set by Company B. This is an example of establishing budget by:
A. Affordable method
B. Percentage of sales method
C. Competitive parity method
D. Objective and task method
View answer
Correct answer: (C)
Competitive parity method
34. Marketing channel that involves no intermediaries to made their products available
to final buyers is classified as
A. Direct channel
B. Indirect channel C. Static channel
D. Flexible channel
View answer
Correct answer: (A)
Direct channel
35. Typically profit is negative in which stage of the product life cycle?
A. Growth
B. Maturity
C. Introduction
D. Decline
View answer
Correct answer: (C)
Introduction
36. The Economic Order Quantity (EOQ) represents the order quantity for which:
View answer
Correct answer: (C)
Total inventory and order cost per unit is lowest
View answer
Correct answer: (A)
The profit at break-even point is 0
A. Fixed, fixed
B. Variable, fixed
C. Fixed, variable
D. Variable, Variable
View answer
Correct answer: (C)
Fixed, variable
View answer
Correct answer: (B)
Customers usually use only one channel for all transactions even if multiple channels
are offered
View answer
Correct answer: (A)
Dividing the market into homogenous groups
41. Good marketing is no accident, but a result of careful planning and _____________.
A. Execution
B. Selling.
C. Research.
D. Strategies.
View answer
Correct answer: (A)
Execution
42. The ______________ function of marketing makes the products available in different
geographic regions.
A. Production.
B. Selling.
C. Distribution.
D. Promotion.
View answer
Correct answer: (C)
Distribution.
43. The traditional view of marketing is that the firm makes something and then
______________ it.
A. Markets.
B. Sells.
C. Prices.
D. Services.
View answer
Correct answer: (B)
Sells.
A. Mass marketing.
B. Niche marketing.
C. Differentiated marketing.
View answer
Correct answer: (A)
Mass marketing.
45. Groups that have a direct or indirect influence on a persons attitudes or behavior
is known as ______________
A. Reference groups
B. Family.
C. Roles.
D. Status.
View answer
Correct answer: (A)
Reference groups
A. Basic needs.
B. Functional characteristics.
C. Additional benefits.
D. Expected features.
View answer
Correct answer: (C)
Additional benefits.
A. Brand associations
B. Perceived quality.
C. Brand loyalty.
D. Brand awareness.
View answer
Correct answer: (C)
Brand loyalty.
A. Production.
B. Flow of goods.
C. Consumption.
D. Marketing channel.
View answer
Correct answer: (B)
Flow of goods.
A. Production.
B. Marketing channel C. Supply chain management.
D. Consumption.
View answer
Correct answer: (C)
Supply chain management.
A. Viral marketing.
B. Virtual marketing.
C. De-marketing.
D. Social marketing.
View answer
Correct answer: (A)
Viral marketing.
A. Fresh products.
B. Non-usable products
C. Low quality products.
D. Renewed use of products.
View answer
Correct answer: (D) Renewed
use of products.
A. De-marketing.
B. Re-marketing.
C. Synch rod.
D. Tele marketing.
View answer
Correct answer: (B) Re-
marketing.
View answer
Correct answer: (A)
The description of the people and the place in society.
View answer
Correct answer: (D)
"We won't have a marketing department, we have a customer department".
A. Setting an initially high price which falls as competitors enter the market.
B. Setting a high price which consumers perceive as indicating high quality.
C. Setting a low price to "Skim off" a large number of consumers.
View answer
Correct answer: (A)
Setting an initially high price which falls as competitors enter the market.
A. Sales volume.
B. Increasing production.
C. Quality.
D. Services.
View answer
Correct answer: (A)
Sales volume.
57. ______________ motives are those which determine where or from whom products
are purchased.
A. Product.
B. Patronage.
C. Emotional.
D. Rational.
View answer
Correct answer: (B)
Patronage.
58. In ______________ segmentation , buyers are divided into different groups on the
basis of life style or personality and values.
A. Geographic.
B. Demographic C. Psychographic.
D. Behavioral.
View answer
Correct answer: (C)
Psychographic.
59. The technique of using the social network on the internet to create the brand
image is called as ______________.
A. Social marketing.
B. Re-marketing.
C. Viral-marketing.
D. Synchronic marketing.
View answer
Correct answer: (C)
Viral-marketing.
60. Which of the following is not included in the function of physical supply:
A. Standardization.
B. Storage.
C. Packaging.
D. Transportation.
View answer
Correct answer: (A)
Standardization.
A. Age.
B. Income.
C. Education.
D. Interest.
View answer
Correct answer: (D)
Interest.
62. When a consumer decides to buy without much logical thinking, his decision is
said to be ______________
A. Patronage.
B. Emotional.
C. Rational.
D. None of these.
View answer
Correct answer: (B)
Emotional.
63. ______________ price refers to the high initial price charged when a new product is
introduced in the market.
A. Premium.
B. Penetration.
C. Skimming.
D. None of these.
View answer
Correct answer: (C)
Skimming.
64. ______________ is the practice of charging a low price right down from the beginning
to stimulate the growth of the market.
A. Skimming.
B. Penetration.
C. Premium.
D. None of these.
View answer
Correct answer: (B)
Penetration.
A. Direct marketing.
B. Tele marketing.
C. Retail chains.
D. None of these.
View answer
Correct answer: (A)
Direct marketing.
View answer
Correct answer: (C)
Marketing public relations.
68. Being ______________ one cannot taste, touch, see, hear, smell or use services like
physical products;
A. Intangible.
B. Tangible.
C. None of these.
View answer
Correct answer: (A)
Intangible.
A. Eugene . J .Kelly.
B. N. H. Borden.
C. Wendell.
D. None of these.
View answer
Correct answer: (A)
Eugene . J .Kelly.
A. E-commerce.
B. E-cash.
C. E-Payment.
D. E-mail.
View answer
Correct answer: (A) E-
commerce.
A. Banner.
B. Buttons.
C. Website.
D. E-mail.
View answer
Correct answer: (A)
Banner.
A. Marketer.
B. Seller.
C. Society.
D. None of these.
View answer
Correct answer: (C)
Society.
73. ______________ marketing means serving a small market not Served by competitions.
A. Niche. B. Mega.
C. Meta.
D. None of these.
View answer
Correct answer: (A)
Niche.
A. Four.
B. Six.
C. Five.
D. Two.
View answer
Correct answer: (B) Six.
A. Selective.
B. Reminder.
C. Primary.
D. None of these.
View answer
Correct answer: (C)
Primary.
A. Advertising.
B. Branding.
C. Personal selling.
D. None of these.
View answer
Correct answer: (C)
Personal selling.
View answer
Correct answer: (D)
Trading up.
78. ______________ is the marketing and financial value associated with a brand's
strength in a market.
A. Brand equity.
B. Brand loyalty.
C. Branding.
D. None of these.
View answer
Correct answer: (A)
Brand equity.
79. Marketing is both an "art" and a "science" there is constant tension between the
formulated side of marketing and the ______________ side.
A. Creative.
B. Management.
C. Selling.
D. Behavior.
View answer
Correct answer: (A)
Creative.
A. Research.
B. Exchange.
C. Physical supply
D. Facilitating.
View answer
Correct answer: (C)
Physical supply
81. The task of any business is to deliver ______________ at a profit.
A. Customer needs
B. Products.
C. Customer value
D. Quality.
View answer
Correct answer: (C)
Customer value
A. market targeting
B. Positioning.
C. MIS.
D. Marketing.
View answer
Correct answer: (A)
market targeting
83. Customers are showing greater price sensitivity in their search for ______________.
View answer
Correct answer: (C)
Value.
A. Test marketing.
B. Concept testing..
C. Acid test.
D. Market test.
View answer
Correct answer: (A) Test
marketing.
85. The emotional attachment of a customer towards a brand is known as
______________.
A. Brand loyalty.
B. Brand awareness.
C. Brand equity.
D. Brand association.
View answer
Correct answer: (A)
Brand loyalty.
86. When organization in the same level of a channel work on a co-operative basis , it
is known as ______________
A. V M S. B. S C M.
C. Logistics.
D. H M S.
View answer
Correct answer: (D) H
M S.
A. De-marketing.
B. Remarketing
C. Ostensible marketing D. Synchronic marketing.
View answer
Correct answer: (A) De-
marketing.
88. In the traditional ______________ concept , the main strategy of the company is to
find customers for the product, manufactured by them and somehow convince the
customer into buying this product.
A. Selling.
B. Product.
C. Production.
D. Marketing.
View answer
Correct answer: (A)
Selling.
A. Growth.
B. Maturity.
C. Introduction.
D. Decline.
View answer
Correct answer: (B)
Maturity.
90. Some companies are now switching from being product- centered to being more
______________ centered.
A. Competency.
B. Marketing.
C. Sales.
D. Customer-segment.
View answer
Correct answer: (D)
Customer-segment.
91. ______________ environment consists of the factors like inflation rate, interest rate
and unemployment.
A. Geographic.
B. Economic.
C. Demographic.
D. Technological.
View answer
Correct answer: (B)
Economic.
A. Marketing decision.
B. Databases.
C. Safeguard.
D. Customized.
View answer
Correct answer: (A)
Marketing decision.
93. The practice of using the established brand names of two different companies on
the same product is termed as ______________.
A. Manufacturer brand.
B. Private brand.
C. Brand licensing.
D. Co-branding.
View answer
Correct answer: (D) Co-
branding.
A. Two levels.
B. Three levels.
C. five levels.
D. four levels.
View answer
Correct answer: (C) five
levels.
95. When a firm practices ______________ concept, all its activities are directed to satisfy
the consumer.
A. selling.
B. Production.
C. Marketing.
D. Societal.
View answer
Correct answer: (C)
Marketing.
96. The process of finding and creating new uses or satisfactions for an existing
product is known as ______________.
A. Niche- marketing.
B. Re- marketing.
C. Social marketing.
D. None of these.
View answer
Correct answer: (B) Re-
marketing.
97. ______________ is the process of creating an image for a product in the minds of
targeted customers.
A. Segmentation.
B. Target marketing.
C. Positioning.
D. None of these.
View answer
Correct answer: (C)
Positioning.
98. The only revenue producing element in the marketing mix is.
A. Product.
B. Price.
C. Place.
D. Promotion.
View answer
Correct answer: (B)
Price.
View answer
Correct answer: (A)
cost plus pricing. 100.
______________ is a
broad range of
activities concerned
with efficient
movement of finished
goods from the end of
the production line to
the consumer.
A. Physical distribution.
B. Channel of distribution
C. Intensive distribution.
D. None of these.
View answer
Correct answer: (A)
Physical distribution.
A. Tele marketing.
B. Direct marketing.
C. Kiosk marketing.
D. Retail chains.
View answer
Correct answer: (D)
Retail chains.
A. Advertisement.
B. Discount.
C. Dealer contest.
D. Consumer contest.
View answer
Correct answer: (A)
Advertisement.
103. Which of the following is not an element of service marketing mix?
A. Hospital.
B. Banking.
C. Insurance.
D. None of these.
View answer
Correct answer: (D)
None of these. 104.
Which of the following
is known as market
aggregation?
A. Social marketing.
B. De-marketing.
C. Niche marketing.
D. Mass marketing.
View answer
Correct answer: (D)
Mass marketing.
A. Earns dropping.
B. Spoofing.
C. encryption.
D. Unauthorized action.
View answer
Correct answer: (C)
encryption.
A. E-Advertising.
B. E-Commerce.
C. E-Cash.
D. Viral marketing.
View answer
Correct answer: (D)
Viral marketing.
107. Green marketing is defined as developing eco- friendly products and their
packages to control the negative effects on ______________.
A. Environment.
B. Organization.
C. Products.
View answer
Correct answer: (A)
Environment.
A. Production.
B. Consumption
C. Service.
D. All of the above.
View answer
Correct answer: (C)
Service.
A. Growth.
B. Maturity.
C. Introduction.
D. None of these.
View answer
Correct answer: (B)
Maturity.
A. Product.
B. Ad copy.
C. Budget.
D. All of these.
View answer
Correct answer: (B) Ad
copy.
111. In service marketing, apart from traditional four elements of marketing mix, there
are three more elements, namely, people, process and ______________.
A. Physical evidence.
B. Publicity.
C. Packaging.
D. All of the above.
View answer
Correct answer: (A)
Physical evidence.
112. ______________ goods are those which a consumer buys after comparing the
suitability, quality, Puce etc. of different brands.
A. Specialty.
B. Convenience.
C. Shopping.
D. Unsought.
View answer
Correct answer: (C)
Shopping.
View answer
Correct answer: (D) an organizational function and a set of process for creating,
Communicating and delivering, Value to customers and that benefit the
organization.
114. fixing and maintaining the standards for quality , quantity, size and other features
of the product refers to ______________.
A. Standardization.
B. Grading.
C. Packaging.
D. Labeling.
View answer
Correct answer: (A)
Standardization.
115. ______________ segmentation classifies consumers on the basis of age, sex, income
and occupation.
A. Psychological.
B. Geographic.
C. Demographic.
D. Behavioral.
View answer
Correct answer: (C)
Demographic.
A. Consumer behavior
B. Motives.
C. Perception.
D. Learning.
View answer
Correct answer: (A)
Consumer behavior
A. B2B.
B. B2C.
C. F M C G.
D. Convenience.
View answer
Correct answer: (A)
B2B.
118. The concept which deals with the entire process from production to delivery of
goods is known as ______________.
A. S C M. B. V M S.
C. Logistics.
D. Distribution.
View answer
Correct answer: (A) S
C M.
A. Selective distribution
B. Geographical distribution
C. Intensive distribution.
D. executive distribution.
View answer
Correct answer: (A)
Selective distribution
A. Viral marketing.
B. Relationship marketing.
C. Social marketing.
D. De-marketing.
View answer
Correct answer: (B)
Relationship marketing.
A. Social needs.
B. Exchanges.
C. Demands.
D. Physical needs.
View answer
Correct answer: (C)
Demands.
122. In ______________ segmentation, buyers are divided into different groups on the
basis of life-systle into personality and values.
A. Demographic.
B. Economic.
C. Psychographic.
D. Geographic.
View answer
Correct answer: (C)
Psychographic.
123. Modern marketing begins and ends with the ______________.
A. Sales.
B. Products.
C. Customers.
D. Price.
View answer
Correct answer: (C)
Customers.
124. ______________ is the strong feeling , desire emotion make the buyer a product.
A. Buying motive.
B. Demand.
C. Price.
D. Quality.
View answer
Correct answer: (A)
Buying motive.
125. Today, companies have to manage relation with their ______________ in order to
ensure timely supplies and meet customers' requirements.
A. Customers.
B. Government.
C. Suppliers.
D. International market.
View answer
Correct answer: (C)
Suppliers.
A. Brand licensing.
B. Brand awareness.
C. Brand equity.
D. Positioning.
View answer
Correct answer: (B)
Brand awareness. 127.
Bundle pricing is.
View answer
Correct answer: (B)
Packaging a group of products together.
A. Merchandising
B. Selling.
C. Operating.
View answer
Correct answer: (A)
Merchandising
129. When a buyer decides to buy after careful consideration or logical thinking, his
decision is said to be ______________.
A. Rational.
B. Emotional.
C. Product.
D. None of these.
View answer
Correct answer: (A)
Rational.
130. Under ______________ marketing strategy, market segments are identified and a
different marketing mix is developed for each of the segments.
A. Differentiated.
B. Focus.
C. Customized.
D. None of these.
View answer
Correct answer: (A)
Differentiated.
131. A price reduction to buyers who pay their bills promptly is called ______________.
A. Trade discount.
B. Cash discount.
C. Seasonal discount.
D. Quantity discount.
View answer
Correct answer: (B) Cash
discount.
132. Under ______________ pricing, price is set on the basis of managerial decisions and not
on the basis of cost, demand, competition etc.
A. Administered.
B. Product line pricing
C. Captive product.
D. Mark-up pricing.
View answer
Correct answer: (A) Administered.
A. Johnson&Johnson.
B. Eureka Forbes.
C. Avon cosmetics.
D. Cypla.
View answer
Correct answer: (B) Eureka
Forbes.
A. Branding.
B. Advertisement.
C. Sales promotion.
D. Personal selling.
A. Pure tangible.
B. Hybrid.
C. Pure service.
D. None of these.
View answer
Correct answer: (C) Pure
service.
137. Which of the following involves targeting bulk purchasers and offering them special
benefits and privileges;
A. Frequency marketing.
B. Event marketing.
C. Viral marketing.
D. None of these.
A. I-Radio.
B. Mobile phone.
C. I-Kiosks.
D. Cinema.
View answer Correct
answer: (D) Cinema.
A. Emotional.
B. Rational.
C. Patronage.
D. Social.
A. E-branding
B. E-Cash.
C. E-mail.
A. De-marketing.
B. Viral marketing.
C. E-commerce.
D. Relationships.
View answer
Correct answer: (D)
Relationships.
A. Product.
B. Service.
C. Advertisement.
D. None of these.
View answer
Correct answer: (C)
Advertisement.
143. ______________ refers to gifts given to dealers or to sales force to push the
manufacturers product.
A. Trade allowances.
B. Specialty advertising
C. Dealer contests.
D. Co-operative advertising.
View answer
Correct answer: (B)
Specialty advertising
A. High pricing.
B. Medium.
C. Low.
D. None of these.
View answer
Correct answer: (A)
High pricing.
145. ______________ means giving a name to the product by which it should become
known and familiar among the public.
A. Branding.
B. Promotion.
C. Pricing.
D. None of these.
View answer
Correct answer: (A)
Branding.
View answer
Correct answer: (A)
Satisfaction of customer needs.
147. Ensuring the availability of the products and services as and when required by the
customers is ______________ utility.
A. Time.
B. Place.
C. Form.
D. Profession
View answer
Correct answer: (A)
Time.
148. ______________ is a process of identifying the areas of market that are different from
one another.
A. Marketing.
B. Segmentation.
C. Promotion.
D. Targeting.
View answer
Correct answer: (B)
Segmentation.
A. Marketing.
B. Positioning.
C. Perception.
D. Learning.
View answer
Correct answer: (D)
Learning.
View answer
Correct answer: (D)
Product, place, price and promotion.
A. Profit.
B. Brand loyalty.
C. Branding.
D. Brand equity.
View answer
Correct answer: (D)
Brand equity.
152. The process of adding a higher priced prestigious, product to the existing line of
lower priced products is known as ______________.
A. Trading down.
B. Product differentiation.
C. Trading up.
D. Product simplification.
View answer
Correct answer: (C)
Trading up.
153. The process of moving the raw materials from the place of the suppliers to the
place of the producers is known as ______________.
A. Inbound logistics.
B. Outbound logistics
C. Inventory management.
D. Acquisition of raw materials.
View answer
Correct answer: (A)
Inbound logistics.
A. Inbound logistics.
B. Outbound logistics.
C. Process logistics.
D. Reverse logistics
View answer
Correct answer: (B)
Outbound logistics.
A. Selective de-marketing
B. Re-marketing
C. Ostensible de-marketing.
D. Synchronic- marketing.
View answer
Correct answer: (C) Ostensible
de-marketing.
156. ______________ can be achieved only when all personal within the organization
understand the importance of the customer.
A. Profit maximization.
B. Sales volume.
C. Customer satisfaction.
View answer
Correct answer: (C)
Customer satisfaction.
A. Market segmentation.
B. Positioning.
C. Target marketing.
D. Customization.
View answer
Correct answer: (C)
Target marketing.
158. ______________ is the act of designing the company's offering and image to occupy
a distinctive place in the target market's mind.
A. Positioning.
B. Segmentation.
C. Consumer market.
D. Consumer behavior.
View answer
Correct answer: (A)
Positioning.
A. Systematic.
B. Commercial.
C. Management.
D. Economic.
View answer
Correct answer: (B)
Commercial.
View answer
Correct answer: (C)
Customer solution, cost, convenience and communication.
A. Commitment.
B. Belief.
C. Attributes.
D. Quality.
View answer
Correct answer: (A)
Commitment.
163. Rising promotion costs and shrinking profit margins are the result of
______________.
A. Globalization.
B. Changing technology
C. Heightened competition.
D. Privatization.
View answer
Correct answer: (C) Heightened
competition.
A. Rare.
B. Actual.
C. Future.
D. New.
View answer
Correct answer: (B)
Rare.
A. Goal oriented.
B. Social.
C. Exchange.
D. All of these.
View answer
Correct answer: (D) All
of these.
166. ______________ is the process whereby individuals decide what ,where ,how and
from whom to purchase goods and services.
A. Packaging.
B. Consumer behavior.
C. Segmentation.
View answer
Correct answer: (B)
Consumer behavior.
View answer
Correct answer: (A) All
Ryes and Jack Trout.
168. When a firm sets a very low price for one or more of its products with a view to
drive its competitors out of market is known as ______________.
A. Customary.
B. Target pricing.
C. Predatory pricing.
D. None of these.
View answer
Correct answer: (C)
Predatory pricing.
A. Selective distribution.
B. Exclusive distribution C. Intensive distribution.
D. None of these.
View answer
Correct answer: (C)
Intensive distribution.
170. Which of the following is the largest retail enterprise in the world.
A. K mart.
B. Wal-Mart.
C. Shoppers shop.
D. None of these.
View answer
Correct answer: (B)
Wal-Mart.
A. Retail chains.
B. Destination store.
C. Shopping malls.
D. Retail chain.
View answer
Correct answer: (D)
Retail chain.
A. Intangibility. B. Reparability.
C. Heterogeneity.
D. Perish ability.
View answer
Correct answer: (B)
Reparability.
A. Re- marketing.
B. Event marketing
C. Social marketing.
D. Mega marketing.
View answer
Correct answer: (C)
Social marketing.
A. Relationship.
B. Niche.
C. Re-marketing.
D. None of these.
View answer
Correct answer: (B)
Niche.
A. Transaction.
B. Encryption.
C. E-mail.
D. None of these.
View answer
Correct answer: (C) E-
mail.
A. Encryption.
B. Firewalls.
C. Backups.
D. None of these.
View answer
Correct answer: (A)
Encryption.
A. Product.
B. Price.
C. Customer.
D. Quality.
View answer
Correct answer: (C)
Customer.
178. Maximizing the market share is the objective of company in ______________ stage
of product life cycle.
A. Growth.
B. Maturity.
C. Introduction.
D. Decline.
View answer
Correct answer: (A)
Growth.
A. Advertisement.
B. Personal selling.
C. Promotion.
D. none of these.
View answer
Correct answer: (A)
Advertisement.
180. When the advertisement is to create an image or reputation of the firm, it is called
______________ advertising.
A. Institutional.
B. Advocacy.
C. Comparative.
View answer
Correct answer: (A)
Institutional.
A. Poor.
B. Middle.
C. Rich.
D. All of the above.
View answer
Correct answer: (C)
Rich.
182. During the ______________ stage of PLC the sales grow at diminishing rates and
project starts declining.
A. Introduction.
B. Maturity.
C. Growth.
D. None of these.
View answer
Correct answer: (B)
Maturity.
A. Systematic.
B. Economic.
C. Management.
D. Commercial.
View answer
Correct answer: (D)
Commercial.
184. A firm identifies the target market, needs and wants of customers through
A. Marketing research
B. Planning.
C. Concepts.
D. Segmentation.
View answer
Correct answer: (A)
Marketing research
View answer
Correct answer: (A)
Market targeting
A. Information.
B. Celebrities.
C. Properties.
D. Organizations.
View answer
Correct answer: (A)
Information.
A. Tangible product.
B. Generic product.
C. Potential product.
D. Intangible product.
View answer
Correct answer: (D)
Intangible product.
A. Lead forward.
B. Good.
C. Features.
D. Good and services.
View answer
Correct answer: (A)
Lead forward.
A. S C M. B. V M S.
C. Conflict.
D. Intensity.
View answer
Correct answer: (B) V
M S.
A. Direct marketing.
B. Tele- marketing.
C. Social marketing.
D. Viral marketing.
View answer
Correct answer: (B)
Tele- marketing. 191.
Tele- marketing is a
part of ______________.
A. Direct marketing.
B. Social marketing.
C. Viral marketing.
D. Relationship marketing.
View answer
Correct answer: (A)
Direct marketing.
View answer
Correct answer: (A)
Seller and the buyer.
A. Making a project.
B. Making a sale.
C. Customer relationship
D. Transactions.
View answer
Correct answer: (C)
Customer relationship
A. Market segmentation
B. Positioning.
C. Target marketing.
D. Direct marketing.
View answer
Correct answer: (A)
Market segmentation
195. An increasingly large number of firms are changing their organizational focus
from ______________ to ______________.
View answer
Correct answer: (B)
Brand management; Customer relationship management.
A. Geographic.
B. Behavioral.
C. Psychological. D. Demographic.
View answer
Correct answer: (D)
Demographic.
View answer
Correct answer: (B)
Micro environment
A. Broad cast.
B. Print.
C. Out-door.
D. Online.
View answer
Correct answer: (A)
Broad cast.
A. Control.
B. Feedback.
C. Consumer behavior.
D. measurement.
View answer
Correct answer: (A)
Control.
200. The factors that affect marketing policies, decisions and operations of a business
constitute.
A. Marketing control.
B. Marketing mix
C. Marketing environment
D. None of these.
View answer
Correct answer: (C)
Marketing environment
A. Market segmentation.
B. Advertisement
C. Direct selling.
D. Using multiple media.
View answer
Correct answer: (A)
Market segmentation.
202. When there is a large potential market for a product, the firm will adopt:
View answer
Correct answer: (B)
Penetration price policy
A. Value pricing.
B. International pricing
C. Geographical pricing.
D. Rate of return price.
View answer
Correct answer: (D)
Rate of return price.
A. Self service.
B. Retail stores.
C. Armchair shopping.
D. None of these.
View answer
Correct answer: (C)
Armchair shopping.
A. Promotion mix.
B. Marketing mix.
C. Distribution mix.
D. Product mix.
View answer
Correct answer: (C)
Distribution mix.
A. People.
B. Packaging
C. Process.
D. Physical evidence.
View answer
Correct answer: (B)
Packaging
207. Which of the following is not responsible for the emergence of relationship
marketing?
View answer
Correct answer: (C) Changing
role of woman.
208. A security tool to verify the authenticity of the message and claimed identify of
the sender and to verify the message integrity is :
A. Encryption.
B. Firewalls.
C. Digital Certificates.
D. Digital signature.
View answer
Correct answer: (D)
Digital signature.
209. Making payment through electronic media by using credit or debit cards for the
products bought electronically is known as ______________.
A. E-Payment.
B. E-mail.
C. E-marketing.
View answer
Correct answer: (A) E-
Payment.
View answer
Correct answer: (A)
Eugene .J. Kelly.
211. In product development stage of product life cycle sales are ______________.
A. 1.
B. 0.
C. .1.
D. None of these.
View answer
Correct answer: (B)
0.
212. ______________ is the oral presentation in a conversation with one or more
prospective buyers for the purpose of making sales.
A. Samples.
B. Debates.
C. Coupons.
D. Money refund offers.
View answer
Correct answer: (C)
Coupons.
213. Marketing management covers not only the marketing of goods but also the
marketing of ______________
A. Products.
B. Services.
C. Quality.
D. None of these.
View answer
Correct answer: (B)
Services.
A. Increase in sales
B. Increase in products
C. increase in price.
D. increase in customers.
View answer
Correct answer: (D)
increase in customers.
215. A market where goods are sold in bulk quantities to the customers is known as
______________.
A. Retail market.
B. Wholesale market.
C. Product market.
D. Service market.
View answer
Correct answer: (B)
Wholesale market.
A. Product.
B. Patronage.
C. Rational.
D. Emotional.
View answer
Correct answer: (B)
Patronage.
A. Standardization.
B. Quality.
C. Trademark.
D. Product.
View answer
Correct answer: (C)
Trademark.
A. Reverse logistics.
B. Inbound logistics.
C. Outbound logistics.
D. Inventory logistics.
View answer
Correct answer: (A)
Reverse logistics.
A. Open dialogue.
B. One-to-one communication
C. Personal relationships.
D. all of the above.
View answer
Correct answer: (D) all
of the above.
A. Production.
B. Product.
C. Selling.
D. Marketing.
View answer
Correct answer: (D)
Marketing.
A. Price lining.
B. Prestige pricing.
C. Odd-even pricing.
D. Skimming.
View answer
Correct answer: (C)
Odd-even pricing.
View answer
A. Skimming.
B. Competitive pricing C. Penetration pricing.
Correct answer: (C)
Penetration pricing.
223. Organization which sell their products the internet directly to consumers are
called.
A. B2B.
B. B2C.
C. Re-marketing.
D. Service marketing.
View answer
Correct answer: (B)
B2C.
A. Business.
B. Consumers.
C. Economic.
D. Company.
View answer
Correct answer: (B)
Consumers.
A. N.H. Borden.
B. Rosier.
C. Wendell R. Smith
View answer
Correct answer: (C)
Wendell R. Smith
View answer
226. ______________ motives are those come from the physiological or basic needs such
as hunger, thirst, sleep etc.
A. Social.
B. Patronage.
C. Inherent.
D. Product.
Correct answer: (C)
Inherent.
A. Price.
B. Quantity.
C. Size.
D. Colour.
View answer
Correct answer: (A)
Price.
228. Pricing strategies are more specific and short term than ______________.
A. Objectives.
B. Pricing policies.
C. Price reduction.
D. None of these.
View answer
Correct answer: (B)
Pricing policies.
229. Direct marketing is found more suitable to which of the following products.
A. Agricultural products.
B. TV.
C. Shoes.
D. Vacuum cleaner.
View answer
View answer
Correct answer: (D)
Vacuum cleaner.
230. The process of direct communication between the sales person and a prospect is
called:
A. Direct marketing.
B. Personal selling.
C. Advertising.
D. None of these.
View answer
Correct answer: (B)
Personal selling.
A. Social marketing.
B. De-marketing.
C. Niche marketing.
D. None of these.
View answer
Correct answer: (B) De-
marketing.
232. A financial instrument which can be used more than once to borrow money or
buy goods and services on credit is:
A. Debit card.
B. Credit card.
C. Smart card.
D. None of these.
View answer
Correct answer: (B)
Credit card.
233. dividing buyers into groups based on their knowledge, attitudes, uses or
responses to a product is called:
A. Geographic segmentation.
B. Demographic.
C. Psychographic.
D. Behavioral.
View answer
Correct answer: (D)
Behavioral.
A. E-commerce.
B. De-marketing.
C. Relationship marketing.
View answer
Correct answer: (B) De-
marketing.
A. Brand equity.
B. Brand licensing.
C. Brand awareness.
View answer
Correct answer: (C)
Brand awareness.
237. The process of supplying products to all retail outlets is known as ______________.
A. Selection distribution.
B. Exclusive distribution
C. Channel configuration.
D. Intensive distribution.
View answer
Correct answer: (D)
Intensive distribution.
238. The main object of ______________ is to move forward a product, service or idea in
a channel of distribution.
A.
B.
C.
D.
View answer
A. Production.
B. Promotion.
C. Consumption.
D. All of these.
View answer
Correct answer: (B)
Promotion.
A. Ad themes.
B. Ad copy.
C. Ad messages.
D. None of these.
View answer
Correct answer: (B) Ad
copy.
A. Actual customers
B. Prospective customers
C. Marketers
D. None of these
View answer
Correct answer: (A)
Actual customers
A. Production
B. Holistic
C. Modern
D. Selling
View answer
Correct answer: (B)
Holistic
242. The markets in which goods are bought and sold in bulk quantities.
Wholesale market
Retail market
World market
None of these
A.
B.
C.
D.
View answer
A. Buyers market
B. Sellers market
C. Retail market
D. Wholesale market
View answer
Correct answer: (A)
Buyers market
A. Conversional
B. Maintenance
C. Remarketing
D. Developmental
View answer
Correct answer: (A)
Conversional
A. Vanity
B. Social acceptance
C. Curosity
D. Variety
View answer
Correct answer: (D)
Variety
A.
B.
C.
D.
View answer
Correct answer: (A)
246. The strategy where the producer or marketer does not differentiate between
Undifferentiated Marketing
Differentiated Marketing
Concentrated Marketing
Customised or Personalised Marketing
Undifferentiated Marketing
A. Primary
B. Evolved
C. Generic
D. None of these
View answer
Correct answer: (B)
Evolved
248. The act of creating an image about a product or brand in the consumers mind is
known as ______________
A. Positioning
B. Target marketing
C. Market segmentation
D. Product differentiation
View answer
Correct answer: (A)
Positioning
A.
B.
C.
D.
View answer
A. Local Products
B. Multinational Products
C. International Products
D. Global Products
View answer
Correct answer: (A)
Local Products
Dealer
Licensed
Generic
Individual
Correct answer: (C)
Generic
251. The major four elements of distribution mix are channels of distribution,
transportation, Warehousing, and ______________
A. Inventory
B. Channel
C. Direct marketing
D. None of these
View answer
Correct answer: (A)
Inventory
A.
B.
C.
D.
View answer
Correct answer: (A)
A. Warehousing
B. Transporting
C. Risk bearing
D. None of these
View answer
Correct answer: (D)
None of these
View answer
Correct answer: (C)
Quality variation.
Staple.
Impluse.
Emergency.
None of these.
Staple.
255. Setting price on the basis of the demand for the product is known as
______________
A.
B.
C.
D.
View answer
View answer
Correct answer: (B)
Demand Based Pricing
View answer
Correct answer: (A)
Cost Based Pricing
A. To maximise profits
B. To achieve a target market share
C. To match the competition, rather than lead the market
D. All of these
View answer
Correct answer: (D)
All of these
Super Bazar
A.
B.
C.
D.
View answer
Correct answer: (A)
Shopping mall
A.
B.
C.
D.
View answer
A. Pyramid selling
B. Hybrid selling
C. Horizontal selling
D. None of these
View answer
Correct answer: (A)
Pyramid selling
A. Exchange of goods
B. Transfer of goods
C. Physical distribution
D. None of these
View answer
Correct answer: (C)
Physical distribution
A. Multiple shop
B. Departmental store
C. Super bazzar
D. None of these
View answer
Correct answer: (A)
Multiple shop
B. market advertisement
C. Institutional advertisement
D. None
Product advertisement
263. When manufacturers, wholesalers and retailers jointly share the expenditure on
advertising, it is called
A. Joint advertising
B. Co-operative advertising
C. Sponsored advertising
D. None of these
View answer
Correct answer: (B)
Co-operative advertising
A. Portfolio test
B. Consumer Jury method
C. Recognition test
D. None of these
View answer
Correct answer: (C)
Recognition test
A. Free goods
B. Trade allowance
C. Coupons
D. All of these
View answer
View answer
Coupons
A. Rosser Reeves
B. Theodre Levitt
C. NH Borden
D. None of them
Correct answer: (A)
Rosser Reeves
267. Any paid form of non –personal presentation of ideas, goods, or services by an
identified sponsor is known as ______________
A. Advertisement
B. Marketing
C. selling
D. None of these
View answer
Correct answer: (A)
Advertisement
A. Product positioning
B. Product display
C. Product expression
D. None of these
View answer
Correct answer: (A)
Product positioning
B. skimming
C. going rate
D. none of these
View answer
Correct answer: (A)
Penetration
A. Urban
B. Rural
C. educated
D. none of these
View answer
271. Price points of Re1, Rs 2,3,4 etc are used for FMCG brands is known as
______________ pricing
A. Cost plus
B. value
C. power price points
D. penetration
View answer
Correct answer: (C)
power price points
272. ______________ refers to the way a service provider and his employees anticipate
what the customers want and provide them before they ask for service make them
delighted and surprised.
A. Proactiveness
B. Productivity
C. professionalization
D. none of these
View answer
Correct answer: (A)
Proactiveness
273. ______________ is concerned with finding ways to reduce the demand temporarily
or permanently.
A. Demarketing
B. meta marketing
C. mass marketing
D. mega marketing
View answer
Correct answer: (A)
Demarketing
274. Which of the following is not responsible for the emergence of relationship
marketing?
View answer
Correct answer: (D) changing
role of woman
View answer
Correct answer: (A)
Word of mouth marketing
276. ______________ is the marketing of products that are regarded to be safe for the
environment.
A. Green marketing
B. Social marketing
C. Gaimatias marketing
D. none of these
View answer
Correct answer: (A)
Green marketing
277. A computer based system that facilitates the transfer of money or the processing
of financial transactions between two financial institutions the same day or over
night is ______________
A. ETB
B. EFT
C. E-cash
D. E-money
View answer
Correct answer: (B)
EFT
A. Internet
B. digital
C. email
D. viral
View answer
Correct answer: (B)
digital
A. mobile phone
B. cinema
C. i- radio
D. i-kiosks
View answer
Correct answer: (B)
cinema
280. An electronic file that uniquely identifies individuals and websites on the internet
and enables secure, confidential communications.
A. Digital signature
B. Digital certificates
C. Encryption
D. Firewalls
View answer
Correct answer: (B)
Digital certificates
281. When information about transactions is transmitted in transparent way hackers
can catch the transmissions to obtain customers sensitive information. This is
known as ______________
A. Spoofing
B. Unauthorized disclosure
C. Eavesdropping
D. Phishing
View answer
282. ______________ is an electronic file that uniquely identifies individuals and web sites
on the internet and enables secure confidential communications.
A. Digital signature
B. Digital certificates
C. Secure electronic transactions
D. None of these
View answer
Correct answer: (B)
Digital certificates
A. Goal oriented
B. Exchange
C. Social
D. All of these
View answer
Correct answer: (D)
All of these
A. Future market
B. Spot market
C. Perfect market
D. None of these
View answer
Correct answer: (B)
Spot market
285. Market where currencies of different countries are bought and sold.
A. Money market
B. Foreign exchange market
View answer
C. Stock market
D. None of these
Correct answer: (B)
Foreign exchange market
A. Research
B. Exchange
C. Physical supply
D. Facilitating
View answer
Correct answer: (D)
Facilitating
View answer
Correct answer: (C)
Complex Buying Behaviour
288. The negative feeling which arise after purchase causing inner tension is'known as
______________
A. Cognitive dissonance
B. Post purchase dissonance
C. Buyer's remorse
D. All of these
View answer
Correct answer: (D)
All of these
View answer
289. Identifying and providing different marketing mix for each of the segments is
known as ______________.
A. Undifferentiated Marketing
B. Differentiated Marketing
C. Concentrated Marketing
D. Customised or Personalised Marketing
Correct answer: (B)
Differentiated Marketing
290. Motives which are driven by learning, perception and attitude are known as
______________
A. Emotional motives
B. Patronage motives
C. Psychological motives
D. Rational motives
View answer
Correct answer: (D)
Rational motives
291. The companies that have become a tried and trusted household name are
View answer
Correct answer: (D)
Positioned by Corporate Identity
A. Name
B. Registered brand
C. Symbol
D. Design
View answer
View answer
Correct answer: (B)
Registered brand
293. Brands add value for both customers and the firm by
A. Facilitating purchase
B. Establish loyality
C. Both (a) and (b)
D. None of these
Correct answer: (C)
Both (a) and (b)
A. Brown
B. White
C. Red
D. Orange
View answer
Correct answer: (B)
White
295. Revival plans to reintroduce the product in more modified form is adopted in
______________ stage of PLC.
A. Introduction
B. Maturity
C. Decline
D. Growth
View answer
Correct answer: (C)
Decline
View answer
Correct answer: (D)
Value Based Pricing
297. Razor manufacturer will charge a low price and recoup its margin (and more) from
the sale of the only design of blades which fit the razor. This I an example
of______________
A. Predatory Pricing
B. Economy Pricing
C. Psychological Pricing
D. Captive Product Pricing
View answer
Correct answer: (C)
Psychological Pricing
298. ______________ are the retailers who have no fixed place of business.
View answer
Correct answer: (B)
Itinerant retailers
A. Product utility
B. Place utility
C. Time utility
D. Customer utility
View answer
Correct answer: (A)
Product utility
A. Direct marketing
B. Mail order Business
C. Self service
D. None
View answer
Correct answer: (A)
Direct marketing
View answer
Correct answer: (C)
Direct marketing
302. Direct marketing is found more suitable to which of the following products?
A. Agriculture products
B. TV
C. Shoes
D. Vacuum cleaner
View answer
Correct answer: (D) Vacuum
cleaner
A. Admininisterd
B. Contractual
C. Corporate
D. None of these
View answer
Correct answer: (D)
None of these
A. Physical nature
B. Technical nature
C. Suitability
D. None of these
View answer
Correct answer: (C)
Suitability
A. Advertising
B. Transfer of title from the seller to the buyer
C. Sales promotion
D. None of these
View answer
Correct answer: (B)
Transfer of title from the seller to the buyer
A. Market analysis
B. Determining ad Objectives
C. Selecting ad media
D. Supply of goods
View answer
Correct answer: (D)
Supply of goods
A. Samples
B. Advertising material
C. Coupons
D. Rebates
View answer
Correct answer: (B)
Advertising material
309. Dealer promotion is also known as
A. Trade promotion
B. Goods promotion
C. Commerce promotion
D. None of these
View answer
Correct answer: (A)
Trade promotion
310. The process of direct communication between the sales person and a prospect is
called
A. Personal selling
B. Direct marketing
C. Advertising
D. None of these
View answer
Correct answer: (A)
Personal selling
A. Matter
B. ad medium
C. ad copy
D. none of these
View answer
Correct answer: (C) ad
copy
312. A major portion of the rural population consists of ______________ income groups.
A. Low
B. high
C. medium D. all of these
View answer
Correct answer: (A) Low
313. General rural markets where rural /tribal people gather once or twice a week on
a fixed day to exchange/to sell their produce is called ______________
View answer
Daily market
Rural market
314. Permanent rural market with continuous trading activity is called ______________
View answer
Correct answer: (C)
Daily market
A. Price sensitive
B. less price sensitive
C. quality conscious
D. none of these
View answer
Correct answer: (A)
Price sensitive
316. Smaller companies tying up with leading companies to distribute through its
network is known as ______________ Distribution.
A. Syndicated
B. selective
C. exclusive
D. intensive
View answer
C.
D.
View answer
Correct answer: (A)
Syndicated
A. People
B. packaging
C. process
D. physical evidence
View answer
Correct answer: (A)
People
A. Demarketing
B. meta marketing
C. mass marketing
D. mega marketing
View answer
Correct answer: (A)
Demarketing
A. Event marketing
C.
D.
View answer
B. morph marketing
C. guerilla marketing
D. none of these
View answer
Correct answer: (A)
Event marketing
321. The term ______________ Marketing was coined by Steven Jurvetson in 1997.
A. Word of mouth
B. viral
guerilla morph
322. ______________ is the marketing of a social message with a view to change behavior
of people's habit.
A. Green marketing
B. Social marketing
C. Gaimatias marketing
D. none of these
View answer
Correct answer: (B)
Social marketing
A. E-marketing
B. E-business
C. E-commerce
D. none of these
View answer
Correct answer: (B)
C.
D.
View answer
E-business
A. E-advertising
B. E-branding
C. E-commerce
D. E-marketing
View answer
Correct answer: (A)
E-advertising
A. eavesdropping
B. spoofing
C. encryption
D. unauthorized action
View answer
Correct answer: (C)
encryption
A. Credit card
B. Debit card
C. Electronic cheque
D. Wallet
View answer
Correct answer: (D)
Wallet
A. ETB
B. EFT
C. E-cash
D. None of these
View answer
Correct answer: (D)
None of these
A. Spoofing
B. Unauthorized disclosure
C. Eavesdropping
D. Phishing
View answer
Correct answer: (D)
Phishing
View answer
Correct answer: (A)
Hacking
330. All forces or factors that effect marketing policies, decisions and operations of a
business constitute ______________
A. Marketing mix
B. Marketing environment
C. Marketing control
D. None of these
View answer
Correct answer: (B)
Marketing
environment
331. Markets which are organized and regulated by statutory measure are
A. Regulated markets
B. Unregulated markets
C. World market
D. None of these
View answer
Correct answer: (A)
Regulated markets
332. Market where shares, debentures, bonds etc of companies are bought and sold.
A. Money market
B. Foreign exchange market
C. Stock market
D. None of these
View answer
Correct answer: (C)
Stock market
A. Production
B. Holistic
C. Marketing
D. Selling
View answer
Correct answer: (C)
Marketing
334. A person who purchases a product or service either for his own consumption or
for others is known as ______________
A. Buyer
B. Customer
C. Consumer
D. None of these
View answer
Correct answer: (B)
Customer
A. Target marketing
B. Market segmentation
C. Product differentiation
D. None of these
View answer
Correct answer: (B)
Market segmentation
A. Local marketing
B. Niche marketing
C. Segment marketing
D. Individual marketing
View answer
Correct answer: (B)
Niche marketing
337. The process of assessing the relative worth of different market segments and
selecting one or more segments in which to compete is called
A. Target marketing
B. Market segmentation
C. Product differentiation
D. None of these
View answer
Correct answer: (A)
Target marketing
338. Using the names of company's powerful brands for line extentions is
______________
View answer
Correct answer: (B)
Positioning by Brand Endorsement
A. Local Products
B. Multinational Products
C. International Products
D. Global Products
View answer
Correct answer: (A)
Local Products
340. The only revenue producing element in the marketing mix is.
A. Product
B. Price
C. Place
D. Promotion
View answer
Correct answer: (B)
Price
View answer
Correct answer: (B)
White & brown
A. Growth
B. Introduction
C. Maturity
D. Saturation
View answer
Correct answer: (A)
Growth
343. The set of all the products a firm made available to consumers buy is called.
A. Product line
B. Product mix
C. Product category
D. None of these
View answer
Correct answer: (A)
Product line
344. The approach used when the marketer wants the consumer to respond on an
emotional, rather than rational basis
A. Predatory Pricing
B. Economy Pricing
C. Psychological Pricing
D. Penetration Pricing
View answer
Correct answer: (D)
Penetration Pricing
345. A price reduction to buyers who pay their bills promptly is called.
A. Trade discount
B. Cash discount
C. Seasonal discount
D. Quality discount
View answer
Correct answer: (B)
Cash discount
A. Intensive distribution
B. Cohesive distribution
C. Wide distribution
D. All of these
View answer
Correct answer: (A)
Intensive distribution
A. Kiosk marketing
B. retail chains
C. Direct marketing
D. telemarketing
View answer
Correct answer: (D)
telemarketing
348. ______________ factor is not considered as an important one while selecting channel
of distribution
A. Product
B. Market factor
C. Colour
D. None of these
View answer
Correct answer: (C)
Colour
349. ______________ are generally food stores that are much smaller in size than in
supermarkets.
A. Convenient store
B. Discount store
C. Specialty store
D. None of these
View answer
Correct answer: (A)
Convenient store
A. Comparative advertisement
B. Complimentary advertisement
C. Niche advertisement
D. None of these
View answer
Correct answer: (A)
Comparative advertisement
View answer
Correct answer: (D)
Slogans
A. Advertisement
B. Branding
C. Personal selling
D. Sales promotion
View answer
Correct answer: (B)
Branding
353. The strategy of choosing one attribute to excel to create competitive advantage
is known as
A. Under positioning
B. Unique selling proposition
C. Over positioning
D. None of these
View answer
Correct answer: (B)
Unique selling proposition
View answer
Correct answer: (A)
Attention, Interest, Desire, Action, Satisfaction
355. Which of the following is a major advantage of personal selling ?
A. targeted message
B. reach and frequency
C. more sales
D. none of these
View answer
Correct answer: (A)
targeted message
A. Aquaculture
B. milk
C. poultry
D. none of these
View answer
Correct answer: (A)
Aquaculture
357. Profiling the rural market is a part of ______________ stage of rural marketing
strategy.
A. Planning
B. execution
C. feedback
D. none of these
View answer
Correct answer: (A)
Planning
A. Intangible
B. perishable
C. both a & b
D. none of these
View answer
Correct answer: (A)
Intangible
359. Which of the following involves targeting bulk purchasers and offering them
special benefits and privileges?
A. Frequency marketing
B. event marketing
C. viral marketing
D. none of these
View answer
Correct answer: (A)
Frequency marketing
360. The basic objective behind the ______________ is to add value to the product
significantly for winning the customers' loyalty.
A. Event marketing
B. morph marketing
C. guerilla marketing
D. none of these
View answer
A. Partnership
B. viral
C. guerilla
D. morph
View answer
Correct answer: (A)
Partnership
A. E-marketing
B. E-business
C. Interactive marketing
D. none of these
View answer
Correct answer: (A) E-
marketing
A. sell
B. serve
C. sizzle
D. all of these
View answer
Correct answer: (D) all
of these
364. The financial exchange that takes place online between buyers and sellers is
known as
A. E-branding
B. E-marketing
C. E-advertisement
D. E-payment system
View answer
Correct answer: (D) E-
payment system
A. Spoofing
B. Unauthorized action
C. Eavesdropping
D. Phishing
View answer
Correct answer: (A)
Spoofing
366. ______________ can be used to minimize the risk of security breaches or viruses.
A. Firewall
B. Backups
C. Encryption
D. Digital signature
View answer
Correct answer: (A)
Firewall
367. The group of elements price, product, promotion and place constitute
A. market mix
B. marketing mix
C. product mix
D. promotion mix
View answer
Correct answer: (B)
marketing mix
A. Research
B. Exchange
C. Physical supply
D. Facilitating
Correct answer: (D)
Facilitating
A. Money market
B. Foreign exchange market
C. Stock market
D. None of these
View answer
Correct answer: (A)
Money market
A. Economy
B. Companies
C. Consumers
D. All of these
View answer
Correct answer: (D)
All of these
A. Suppliers
B. Publics
C. Economic
D. Customers
View answer
Correct answer: (C)
Economic
372. "We guarantee every product we sell" appeal to ______________ motive
A. Curosity
B. Variety
C. Quality
D. Comfort
View answer
Correct answer: (C)
Quality
373. The concentration of all marketing efforts on one selected segment within the
total market.
A. Undifferentiated Marketing
B. Differentiated Marketing
C. Concentrated Marketing
D. Customised or Personalised Marketing
View answer
Correct answer: (C)
Concentrated Marketing
View answer
Correct answer: (C)
Multi-segment approach
375. Anything that has the ability to satisfy a consumer need is known as ______________
A. Price
B. Package
C. Product
D. Promotion
View answer
View answer
A. Manufacturer brands
B. Individual brands
C. Family brands
D. Dealer
Correct answer: (A)
Manufacturer brands
A. Brand preference
B. Brand recognition
C. Brand insistence
D. Brand equity
View answer
Correct answer: (D)
Brand equity
378. ______________ goods are purchased without any planning or search effort.
A. Staple
B. Impluse
C. Emergency
D. None of these
View answer
Correct answer: (B)
Impluse
379. Setting price on the basis of the total cost per unit is known as ______________
View answer
Correct answer: (D)
All of these
View answer
Correct answer: (C)
Differential Pricing
382. Where sellers combine several products in the same package is known as
______________
A. Psychological Pricing
B. Captive Product Pricing
C. Product Bundle Pricing
D. Promotional Pricing
View answer
Correct answer: (D)
Promotional Pricing
383. When there is a large potential market for a product, the firm will adopt.
View answer
Correct answer: (C)
Premium price policy
A. Place utility
B. Time utility
C. Customer utility
D. All of these
Correct answer: (B)
Time utility
A. Self service
B. Mail order Business
C. Retail chain
D. None of these
View answer
Correct answer: (B)
Mail order Business
A. Cann
B. Chaan
C. Canal
D. None of these
View answer
Correct answer: (C)
Canal
387. ______________ are those who obtain title to goods with a view to selling them at
profit
A. Merchant middlemen
B. Agent middle men
C. Facilitators
D. All of these
View answer
Correct answer: (A)
Merchant middlemen
View answer
A. Cypla
B. Avon cosmetics
C. Johnson & Johnson
D. Eureka Forbs
Correct answer: (D)
Eureka Forbs
389. ______________ channel is one in which two or companies join together to exploit
a marketing opportunity either by themselves or by creating an independent unit
A. Horizontal channel
B. Vertical channel
C. Cross channel
D. None of these
View answer
Correct answer: (A)
Horizontal channel
A. Huge quantity
B. Small quantity
C. Not sufficient
D. None of these
View answer
Correct answer: (B)
Small quantity
391. ______________ retailers open their shops on fixed days or dates in a specified area.
A. Hawkers
B. Kiosks
C. Market traders
D. None of these
View answer
View answer
Correct answer: (C)
None of these
A. Support advertising
B. Rapport advertising
C. Cause advertising
D. None of these
Correct answer: (C)
Cause advertising
A. Real Test
B. Opinion research
C. Association test
D. Portfolio test
View answer
Correct answer: (D)
Portfolio test
View answer
Correct answer: (B)
Slotting allowance
A. Discount
B. Dealer contest
C. Advertisement
View answer
D. Consumer contest
View answer
Correct answer: (C)
Advertisement
397. Many companies are now turning their attention to ______________ markets.
A. Urban
B. Rural
C. world
D. none of these
View answer
Correct answer: (B)
Rural
398. Markets located in the heart of the region specializing in few crops like banana,
onions etc are called ______________
View answer
Correct answer: (B)
Seasonal market
A. Urban B. Rural
C. World
D. none of these
View answer
Correct answer: (B)
Rural
400. ______________ pricing means assigning a low price tag for a product and providing
the benefits of low-cost mass production to the customers.
A. Cost plus
B. value
C. power price points
View answer
D. penetration
Correct answer: (B)
value
401. ______________ distribution system can be used to penetrate the rural market.
A. Satellite
B. selective
C. exclusive
D. intensive
View answer
Correct answer: (A)
Satellite
A. Intangibility
B. separability
C. heterogeneity
D. perishability
View answer
Correct answer: (B)
separability
A. Demarketing
B. meta marketing
C. mass marketing
D. mega marketing
View answer
Correct answer: (C)
mass marketing
View answer
Correct answer: (D)
mega marketing
A. Word of mouth
B. viral
C. guerilla
D. one-on-one
View answer
Correct answer: (D)
one-on-one
A. Ecomark
B. Agmark
C. ISI Mark
D. none of these
View answer
Correct answer: (A)
Ecomark
View answer
Correct answer: (A)
Search engine marketing
View answer
408. ______________ is a low cost communication tool that can be easily tested, refined
and rolled'out.
View answer
Correct answer: (A)
Opt- in- e-mail
A. Eavesdropping
B. Phishing
C. Spoofing
D. None of these
View answer
Correct answer: (B)
Phishing
A. ETB
B. EFT
C. E-cash
D. E-money
View answer
Correct answer: (A)
ETB
A. Unauthorized action
B. Unauthorized disclosure
C. Eavesdropping
D. Phishing
View answer
Correct answer: (A)
Unauthorized action
A.
412. ______________ is a security protocol based on digital certificates.
Digital signature
B. Secure sockets layer protocol
C. Secure electronic transactions
D. None of these
View answer
Correct answer: (C)
Secure electronic transactions
413. Which of the following is not included in the function of physical supply?
A. Standardization
B. Storage
C. Transport
D. Packaging
View answer
Correct answer: (A)
Standardization
A. Merchandising
B. Assembling
C. R & D
D. None o f these
View answer
Correct answer: (A)
Merchandising
A. Commodity market
B. Produce market
C. Bullion market
D. None of these
B
.
View answer
Correct answer: (C)
Bullion market
A. Goods
Events
C. Property
D. All of these
View answer
Correct answer: (D)
All of these
417. Consumers show ______________ while buying their products on regular basis
View answer
Correct answer: (D)
Habitual Buying Behaviour
A. Homogenity
B. Measurability
C. Profitability
D. All of these
View answer
Correct answer: (D)
All of these
A. Family size
C
.
B. Population density
C. Income
D. Religion
View answer
Correct answer: (C)
Religion
A. The Product
B. The Company The Consumer
D. All of these
View answer
Correct answer: (D)
All of these
A. Local Products
B. Multinational Products
C. International Products
D. Global Products
View answer
Correct answer: (D)
Global Products
A. It is expensive
B. It reduces selling efforts
C. It promotes unfair competition
D. It leads to brand monopoly
View answer
Correct answer: (b)
It reduces selling
efforts
D
.
423. Trading down is a method of product line modification by.
View answer
Correct answer: (c)
Quality variation
A. Customer preference.
B. Change in demand
C. Product sepecialisation All of these.
E.
View answer
Correct answer: (d) All
of these.
425. Setting price on the basis of the competition for the product is known as
______________.
View answer
Correct answer: (c)
Competition Based Pricing
426. When a firm sets a very low price for one or more of its products with the
intention'of driving its competitors out of business.
A. Predatory Pricing
B. Economy Pricing
C. Psychological Pricing
D. Penetration Pricing
View answer
Correct answer: (c)
Psychological Pricing
A. Direct marketing
B. Telemarketing
C. Catalogue marketing
D. All of these
View answer
Correct answer: (B)
Telemarketing
View answer
Correct answer: (A)
Multilevel marketing
A. Wholesalers
B. Retailers
C. Managers
D. None of these
View answer
Correct answer: (B)
Retailers
A. Super market
B. Multiple shops
C. Self service store
D. None of these
View answer
Correct answer: (B)
Multiple shops
431. ______________ is a retailer who has fixed place of business in a locality but goes on
changing his place to exploit the market opportunities.
A. Cheap-jacks
B. Hawkers
C. Market traders
D. None of these
View answer
Correct answer: (A)
Cheap-jacks
432. If the product passes through a longer channel of distribution, the marketer will
have to give importance to
A. Advertising
B. Personal selling
C. Direct selling
D. None of these
View answer
Correct answer: (A)
Advertising
A. Product advertisement
B. Institutional advertisement
C. Reminder advertising
D. None
View answer
Correct answer: (B)
Institutional advertisement
434. ______________ refers to duplicating the brand image of one product of promote
another product of the same brand.
A. Surrogate advertising
B. Shortage advertising
C. Advocacy advertising
D. None of these
View answer
Correct answer: (A)
Surrogate advertising
View answer
Correct answer: (C)
Unique Selling Proposition
436. ______________ type of advertisement is used when the product enters into growth
stage of PLC
A. Selective advertising
B. Reminder advertising
C. Primary advertising
D. None of these
View answer
Correct answer: (A)
Selective advertising
View answer
Correct answer: (B)
Marketing public relation
438. Markets popularly known as haats and shandies are ______________ markets.
A. Rural
B. Urban
C. National
D. none of these
View answer
Correct answer: (A)
Rural
A. Aquaculture
B. milk
C. poultry
D. none of these
View answer
Correct answer: (C)
poultry
A. Planning
B. execution
C. feedback
D. none of these
View answer
Correct answer: (A)
Planning
441. Introducing a product at low price and increasing the price once the brand
succeeds is known as ______________ Pricing.
A. Penetration
B. skimming
C. going rate
D. none of these
View answer
Correct answer: (A)
Penetration
A. Demarketing
B. meta marketing
C. mass marketing
D. mega marketing
View answer
Correct answer: (B)
meta marketing
View answer
Correct answer: (A)
Word of mouth
A. Galimatias
B. viral
C. guerilla
D. morph
View answer
Correct answer: (A)
Galimatias
A. E-marketing
B. E-business
C. E-commerce
D. none of these
View answer
Correct answer: (C) E-
commerce
446. A financial instrument which can be used more than once to borrow money or
buy goods and services on credit is ______________
A. debit card
B. credit card
C. smart card
D. none of these
View answer
Correct answer: (B)
credit card
447. A security tool to verify the authenticity of the message and claimed identity of
the sender and to verify the message integrity is
A. encryption
B. firewalls
C. digital certificates
D. digital signature
View answer
Correct answer: (D) digital
signature 448. The
private content of a
transaction, if
unprotected can be
intercepted when it goes
through the route over
the internet is called
______________
A. Spoofing
B. Unauthorized disclosure
C. Eavesdropping
D. Phishing
View answer
Correct answer: (C)
Eavesdropping
A. Philip Kotler
B. Stapleton
C. N.H Borden
D. Albert W Emery
View answer
Correct answer: (C)
N.H Borden
A. Future market
B. Spot market
C. Perfect market
D. None of these
View answer
Correct answer: (A)
Future market
A. Buyers market
B. Sellers market
C. Retail market
D. Wholesale market
View answer
Correct answer: (B)
Sellers market
A. Largely uncontrollable
B. Changing fast
C. Influencing marketing decisions
D. All of these
View answer
Correct answer: (D)
All of these
A. Social
B. Cultural
C. Personal
D. Economic
View answer
Correct answer: (B)
Cultural
454. Civil engineers designing flats, villas, bridges etc.are an example of.
A. Undifferentiated Marketing
B. Differentiated Marketing
C. Concentrated Marketing
D. Customised or Personalised Marketing
View answer
Correct answer: (D)
Customised or Personalised Marketing
455. Positioning by emphasising the special attributes and benefits of the product is
known as ______________
View answer
Correct answer: (A)
Positioning by Product Attributes and Benefits
A. Local Products
B. Multinational Products
C. International Products
D. Global Products
View answer
Correct answer: (D)
Global Products
A. Brand awareness
B. Brand association
C. Brand loyality
D. Brand cohorts
View answer
Correct answer: (D)
Brand cohorts
458. American expression for fast moving consumer goods is ______________ goods.
A. Brown
B. White
C. Red
D. Orange
View answer
Correct answer: (C) Red
A. Core product
B. Augmented product
C. Tangible product
D. None of these
View answer
Correct answer: (B)
Augmented product
A. Cost
B. Competitors
C. Business objectives
D. None of these
View answer
Correct answer: (D)
None of these
View answer
Correct answer: (B)
Large scale retailer
462. ______________ means the set of marketing intermediaries through which the
goods flow from the producer to consumer.
A. Channel of distribution
B. Direct marketing
C. Intensive distribution
D. None of these
View answer
Correct answer: (A)
Channel of distribution
463. The three major types of non store retailing are direct selling, direct marketing
and ______________
A. Automatic vending
B. Self service store
C. Retail chain
D. None of these
View answer
Correct answer: (A)
Automatic vending
464. If marketing is done through information and ordering machine placed in stores,
it is known as
A. Kiosk marketing
B. Television marketing
C. Tele marketing
D. All of these
View answer
Correct answer: (A)
Kiosk marketing
A. Consumer ad
B. Industrial ad
C. Trade ad
D. Shortage ad
View answer
Correct answer: (D)
Shortage ad
A. Consumer promotion
B. Advertising
C. Dealer Promotion
D. All of these
View answer
Correct answer: (B)
Advertising
A. generate sales
B. build awareness and appreciation for the product
C. create personal contact
D. none of these
View answer
Correct answer: (D)
none of these
A. Aquaculture
B. Milk
C. poultry
D. none of these
View answer
Correct answer: (B)
Milk
A. Hospital
B. banking
C. insurance
D. none of these
View answer
Correct answer: (D)
none of these
A. Product
B. Price
C. Distribution
D. People
View answer
Correct answer: (D)
People
471. Word of mouth marketing through electronic channels like email, internet etc is
known as ______________.
A. Internet
B. digital
C. email
D. viral
View answer
Correct answer: (D)
viral
View answer
Correct answer: (A)
Electronic fund transfer
483. The five product levels constitute a ______________. At each level more customer
value is added.
A. customer-augmented product
B. customer consumption system
C. customer value-hierarchy
D. customer-perceived value
E. customer hierarchy
View answer
Correct answer: (C) customer
value-hierarchy
484. In maturity stage of product life cycle, cost per customer is:
A. High
B. Average
C. Low
D. Moderate
View answer
Correct answer: (C) Low
A. emotional attachment
B. brand awareness
C. advertising expenditure
D. price
E. prestige
View answer
Correct answer: (D)
price
486. A carton of orange juice has no brand name on the package, only the name of
the product 'orange juice'. This is an example of:
A. a manufacturer's brand
B. an own label brand
C. a no-frills brand
D. a generic brand
View answer
Correct answer: (D) a
generic brand
487. Pricing cues such as sale signs and prices that end in 9 become more influential
when ______________.
View answer
Correct answer: (A) consumer
price knowledge is poor
488. If demand hardly changes with a small change in price, we say that the demand
is ______________.
A. equal
B. marginal
C. inelastic
D. elastic
E. none of the above
View answer
Correct answer: (C)
inelastic
489. The best strategy used for snack foods, soft drinks, candies and gum is
A. Exclusive distribution
B. Selective distribution
C. Intensive distribution
D. None of the above
View answer
Correct answer: (C)
Intensive distribution
480. The typical method of retail operation used by supermarkets and nationally
branded fast-moving shopping goods is called:
A. Self-service retailing.
B. Limited-service retailing.
C. Full-service retailing.
D. Service-merchandiser.
View answer
Correct answer: (A)
Self-service retailing.
481. If a company were seeking to design a channel system, the first step would be to:
View answer
Correct answer: (A)
Analyse consumer-service needs
482. To say that a product has a life cycle is to assert all of the following EXCEPT
______________.
View answer
Correct answer: (C) products all basically exhibit cycle-
recycle growth patterns
483. The premise of ______________ models is that the power of a brand lies in what
customers have seen, read, learned, thought, and felt about the brand over time.
View answer
Correct answer: (E) customer-based
brand equity
484. When a marketer expresses his or her vision of what the brand must be and do
for consumers, they are expressing what is called ______________.
A. a brand promise
B. a brand mission
C. brand equity
D. a brand position
E. a brand concept
View answer
Correct answer: (A) a
brand promise
A. Packaging
B. Price
C. Place
D. Promotion
E. Product features
View answer
Correct answer: (B)
Price
486. The concept of the lowest ______________ means that a seller can charge a higher
price if they can convince the customers that price is only a small part of the total
cost of obtaining, operating, and servicing the product over its lifetime.
A. prestige pricing
B. total cost of ownership
C. convenience pricing
D. key price points
E. none of the above
View answer
Correct answer: (B)
total cost of ownership
487. Consumer use price less to judge the quality of a product when they
______________.
A. Lack Information
B. Have experience with the product
C. Are shopping for a specialty item
D. Cannot physically examine the product
View answer
Correct answer: (B)
Have experience with the product
488. Cash and carry wholesalers and drop shippers falls in the category of:
A. Merchant wholesalers
B. Limited service wholesalers
C. Full-service wholesalers
D. Brokers and agents
View answer
Correct answer: (B)
Limited service wholesalers
489. Under what circumstances might it be wise for a company to do little or no test
marketing?
View answer
Correct answer: (D)
When the costs of developing and introducing the product are low
A. ensuring that customers have the right type of experiences with products and
their marketing programs to create the desired brand knowledge
B. pricing the product at a point that maximizes sales volumes
C. minimizing the number of people to whom the product is targeted in order to
provide consumers with a personalized experience
D. retain as many customers as possible in order to minimize the costs and
pressure associated with continually generating new leads
E. maximizing customer value
View answer
Correct answer: (A) ensuring that customers have the right type of experiences
with products and their marketing programs to create the desired brand
knowledge
A. Brand Repositioning
B. Brand Stretching
C. Brand Extension
D. Brand equity
View answer
Correct answer: (C)
Brand Extension
492. Executives often complain that pricing is a big headach Common mistakes
include: price is not revised often enough to capitalize on market changes; price
is set ______________ of the rest of the marketing mix rather than an intrinsic
element of a market-positioning strategy.
View answer
Correct answer: (D)
independently
493. The three major considerations in price setting are: costs set the floor price;
______________; and customers' assessment of unique features establishes the price
ceiling.
A. competitors' prices and the price of substitutes provide an orientation point
B. competitors' prices establishes a "target price" goal
C. the price of substitutes establishes a "target price"
D. the price of competitors and substitutes does not enter into the pricing
considerations.
E. none of the above
View answer
Correct answer: (A) competitors' prices and the price of substitutes provide
an orientation point
494. What channel structure is it where the product goes directly from the producer
to the final customer?
A. Direct
B. Indirect
C. Hybrid
D. None of the above
View answer
Correct answer: (A)
Direct
495. When producers, wholesalers, and retailers act as a unified system, they comprise
a:
View answer
Correct answer: (D)
Vertical marketing system
496. Super Product Developers Pvt. Ltd has just brainstormed a large number of ideas
for adding new products and services after visiting several buying fairs. The
owners will begin the first idea-reducing stage, called ______________, to arrive at a
realistic number to adopt.
A. Idea screening
B. Idea dissemination
C. Concept development
D. Idea generation
View answer
Correct answer: (A)
Idea screening
A. Brand value
B. Brand heritage
C. Brand strength
D. Brand description
View answer
Correct answer: (B)
Brand heritage
498. This level of rebranding refers to the renaming of a whole corporate entity, often
signifying a major strategic change or repositioning. This is known as:
A. corporate rebranding.
B. SBU rebranding.
C. product rebranding.
D. international rebranding.
View answer
Correct answer: (A)
corporate rebranding.
499. The decline in the average cost of production with accumulated production
experience is called the ______________.
A. demand curve
B. cost curve
C. learning curve
D. cost target
E. indifference band
View answer
Correct answer: (C)
learning curve
500. When suppliers, distributors, and customers partner with each other to improve
the performance of the entire system, they are participating in a ______________.
A. Channel of distribution
B. Supply and demand chain
C. Value delivery network
D. Demand chain
E. Supply chain
View answer
Correct answer: (C)
Value delivery network
501. In product life cycle growth stage, the marketing objective is to:
502. Compared to multiple brands in a single market, a single brand in a single market is
inferior in terms of:
A. marketing impact
B. overall advertising costs
C. retail shelf space
D. economies of scale
503. Companies pursue survival as their major objective if they are plagued with
______________.
A. legal prosecution
B. weak competition
C. static consumer wants
D. shareholder activism
E. overcapacity
View answer
Correct answer: (E) overcapacity
A. Exclusive distribution
B. Selective distribution
C. Intensive distribution
D. None of the above
View answer
Correct answer: (A)
Exclusive distribution
A. Wholesalers
B. Retailers
C. Both a and b
D. None of the above
View answer
Correct answer: (C) Both
a and b
A. Few
B. Growing number
C. Stable but begins declining
D. Declining number
View answer
Correct answer: (B)
Growing number
507. When two established brands work together, on an offering to generate increased
consumer appeal and attraction is called:
A. brand licensing.
B. co-branding.
C. brand extensions.
D. brand stretching.
View answer Correct
answer: (B) co-
branding.
View answer
Correct answer: (A)
Total expense=Total revenue
510. This is where one channel member perceives another channel member to be acting in a
way that prevents the first member from achieving its distribution objectives:
A. Channel Communication
B. Channel Conflict
C. Channel relationship
D. Customer conflict
View answer
Correct answer: (B)
511. According to Young and Rubicam's brand asset valuator, a brand's ______________
measures how well the brand is regarded and respected.
A. differentiation
B. energy
C. relevance
D. esteem
E. knowledge
View answer
Correct answer: (D)
esteem
512. When a consumer expresses thoughts, feelings, images, experiences, beliefs, and
so on that become associated with the brand, the consumer is expressing brand
______________.
A. loyalty
B. behavior
C. preference
D. knowledge
E. equity
View answer
Correct answer: (D)
knowledge
513. At the second level of customer value hierarchy, marketers need to turn core
benefit into:
A. Expected product
B. Augmented product
C. Basic product
D. None of the above
View answer
Correct answer: (C)
Basic product
514. Services cannot be stored and are to be consumed immediately when produced.
This is termed as:
A. Intangibility
B. Inseparability
C. Heterogeneity
D. Perishability
View answer
Correct answer: (D)
Perishability
515. ______________ is a major driver of new product performance at business unit level
which signifies that there should be clearly defined business goals with specific
areas of thrust for the new product.
View answer
Correct answer: (A)
A clear new product strategy
A. Product, service
B. Service, service
C. Service, product
D. Product, product
View answer
Correct answer: (C)
Service, product
517. When a new product can be easily duplicated, ______________ is a better alternative
for introducing the new product and when the product is very distinct from
competitive offerings, ______________ is the better alternative.
A. Penetration, Skimming
B. Skimming, Skimming
C. Penetration, Penetration
D. Skimming, Penetration
View answer
Correct answer: (A)
Penetration, Skimming
518. Major brand marketers often spend huge amounts on advertising to create brand
______________ and to build preference and loyalty.
A. Extension
B. Awareness
C. Packaging
D. Preference
View answer
Correct answer: (B)
Awareness
519. According to the Brand Asset Valuator model, brand strength consists of:
A. Esteem, knowledge
B. Esteem, relevance
C. Differentiation, Knowledge
D. Differentiation, Relevance
View answer
Correct answer: (D)
Differentiation, Relevance
520. If Amul IceCream decides to introduce an apricot flavored Ice cream, it will be an
example of:
A. Brand extension
B. Co-branding
C. Line extension
D. Ingredient branding
View answer
Correct answer: (C)
Line extension
521. A ______________ is one which belongs to the same product category as that of a
main brand but has a different brand name and is aimed at pre-empting
competition and covering market completely.
A. Sub brand
B. Co-brand
C. Flanker brand
D. Ingredient brand
View answer
Correct answer: (C)
Flanker brand
522. Car manufacturers like Maruti, Honda create several sub brands linked to the main
brand like Honda City, Honda Jazz, Honda Brio etc. This is an example of:
A. Umbrella branding
B. Co-branding
C. Line extension
D. Ingredient branding
View answer
Correct answer: (A)
Umbrella branding
523. The cost of a product is Rs. 90. The company producing it decides that it should
get a return on sales of 10%, and hence prices it at Rs. 100. The pricing method
followed in this case is:
View answer
Correct answer: (C)
Mark up pricing
524. Select the correct sequence of the first four steps of setting the price (from left to
right)?
View answer
Correct answer: (A)
Select the pricing objective, Determine demand, Estimate costs, Analyse competitor
price mix
525. Company A sells laptops through retailer B and C both of whom sell laptops only
through brick and mortar stores. Recently B complained that C is selling laptops
in area of C without authorization. This is an example of:
View answer
Correct answer: (A)
Horizontal channel conflict
A. Less control
B. Higher taxes
C. Fewer channel partners
D. More customers
View answer
Correct answer: (A)
Less control
527. In the innovation adoption model, interest and evaluation form a part of the
______________ stage.
A. Cognitive
B. Affective
C. Behavior
D. Rational
View answer
Correct answer: (B)
Affective
528. All of the following require high advertising budgets except ______________.
A. New product
B. Low share brand
C. Undifferentiated product
D. Mature brand
View answer
Correct answer: (D)
Mature brand
530. Which are the additional three elements of services marketing mix?
View answer
Correct answer: (B)
People, physical evidence, process
531. Often we see new gadgets being given to potential consumers for limited use at
shopping malls or fairs. This is done to enhance:
A. Trialablity
B. Complexity
C. Compatibility
D. None of these
View answer
Correct answer: (A)
Trialablity
532. Rahul has decided to buy a car. He has selected a few car models and is currently
comparing the features of different models. The stage of buyer decision process
Rahul is currently engaged in is:
A. Need discovery
B. Evaluation of alternatives
C. Purchase Decision
D. Post Purchase behavior
View answer
Correct answer: (B)
Evaluation of alternatives
533. Post the implementation of GST, several companies have started providing return
filing services. This is an example of ______________ creating an opportunity.
A. Economic forces
B. Regulatory changes
C. Social forces
D. Technological advances
View answer
Correct answer: (B)
Regulatory changes
534. The customer category which has the highest opinion leadership and exhibits
discrete and judicious adoption choices is:
A. Innovators
B. Early Adopters
C. Early Majority
D. Laggards
View answer
Correct answer: (B)
Early Adopters
View answer
Correct answer: (D)
Cash flow should not be given much importance for developing a new product as all
firms have sufficient cash
536. In the customer based brand equity pyramid, judgements include ______________
while resonance leads to ______________.
A. Quality, Loyalty
B. Loyalty, Quality
C. Quality, Quality
D. Loyalty, Loyalty
View answer
Correct answer: (A)
Quality, Loyalty
537. ______________ is a unique set of brand associations that the brand strategists
aspires to create or maintain. These associations represent what the brand stands
for and imply a promise to customers.
A. Brand equity
B. Brand identity
C. Brand value
D. Brand strategy
View answer
Correct answer: (B)
Brand identity
538. Xioami, a well-known Chinese brand started its business with Mi branded mobile
phone. Later they started producing Television sets with the same brand name.
this is an example of:
A. Co-branding
B. Brand extension
C. Ingredient branding
D. Flanker brand
View answer
Correct answer: (B)
Brand extension
View answer
Correct answer: (B)
These costs must be recovered by the price.
540. If product quality of a firm is low and the price charged is high, the firm is said to
follow a:
A. Premium Strategy
B. High value Strategy
C. Cheap-value Strategy
D. Exploitative Strategy
View answer
Correct answer: (D)
Exploitative Strategy
541. High quality information and evaluation assistance are examples of ______________
wants and needs.
A. Shopping
B. Buying
C. Service
D. None of these
View answer
Correct answer: (A)
Shopping
542. A corporation that combines several diversified retailing lines and forms under
one central ownership with some integration of distribution and management is
known as ______________.
View answer
Correct answer: (C)
Merchandising conglomerate
543. In most supermarkets we can observe a rectangular retail layout with parallel
aisles. This is an example of ______________ type of retail layout.
A. Grid
B. Boutique
C. Free flow
D. None of these
View answer
Correct answer: (A)
Grid
544. Content driven by online metrics and integration of content and communications
are features of:
View answer
Correct answer: (C)
Web 3.0
545. In a hotel lobby, there are no direction symbols given as a result of which
customers frequently ask the receptionist about the location of the restaurant or
the washroom. The root cause of failure in this case is of type:
A. Processes
B. Technology
C. People
D. Servicescape
View answer
Correct answer: (D)
Servicescape
View answer
Correct answer: (A)
Internal marketing, external marketing
547. When a company uses a low pricing strategy to maximize sales, it is using a
______________ strategy:
A. Price skimming
B. Penetration pricing
C. Prestige pricing
D. None of these
View answer
Correct answer: (B)
Penetration pricing
548. At the fifth level, marketer gets a ______________ that has all the transformations
and augmentations the offering or product might undergo in the future.
A. Expected product
B. Augmented product
C. Potential product
D. Basic product
View answer
Correct answer: (C)
Potential product
549. In the five stages of innovation adoption process, consumers are interested about
the innovation and actively seek information about the innovation in the
______________ stage.
A. Knowledge
B. Decision
C. Implementation
D. Persuasion
View answer
Correct answer: (D)
Persuasion
550. Which of the following is not a desirable quality for a brand name?
View answer
Correct answer: (E)
The brand should almost always be a long word to get attention.
A. Depth, Breadth
B. Breadth, Depth
View answer
Correct answer: (A)
Depth, Breadth
552. A certain bank has a credit card which is known by the name of a famous airline.
This is an example of:
A. Co-branding
B. Ingredient branding
C. Sub-brand
D. Line extension
View answer
Correct answer: (A) Co-
branding
553. If a small change in price of a product results in a large change in the demand
then:
View answer
Correct answer: (A)
The demand of the product is elastic
554. The channel partner for an air conditioner manufacturing firm informs the firm
regularly about new features customers are looking for in air conditioners. Here,
the channel partner is performing the additional function of ______________.
A. Negotiation
B. Product assembly
C. Matching
D. Marketing Research
View answer
Correct answer: (D)
Marketing Research
555. ______________involves the activities in selling goods or services to those who buy
for resale or business purposes while ______________ involves activities in selling
goods or services for personal and non-business use.
A. Retailing, wholesaling
B. Distribution, wholesaling
C. Retailing, Distribution
D. Wholesaling, retailing
View answer
Correct answer: (D)
Wholesaling, retailing
556. ______________ is defined as the planning, developing and presenting product lines
for identified target market with regards to pricing, assortment, styling and timing
while meeting the company’s financial goals.
A. Category management
B. Category management
C. Retail layout management
D. Merchandising management
View answer
Correct answer: (D)
Merchandising management
557. Identify the service which has the highest credence quality:
A. Tailoring
B. Restaurant Meals
C. Haircut
D. Medical diagnosis
View answer
Correct answer: (D)
Medical diagnosis
558. Which of the following is the best way to reduce interpretation gap?
View answer
Correct answer: (A)
Pretest communications to make sure message is clear
A. A product
B. A place
C. A service
D. All of these
View answer
Correct answer: (D)
All of these
A. Staple, impulse
B. Emergency, Staple C. Impulse, Staple
D. Staple, Emergency
View answer
Correct answer: (C)
Impulse, Staple
561. This product characteristic explains why carpet or vacuum cleaners are not
needed in countries where people like to sweep and mop the floor daily.
A. Relative advantage
B. Compatibility
C. Observability
D. Complexity
View answer
Correct answer: (B)
Compatibility
562. While determining the types of need that can be satisfied by a new product,
considerations of price sensitivity, distribution needs and service needs relate to:
A. Types of need
B. Timing of need
C. Controllable market elements
D. Trial risks
View answer
Correct answer: (C)
Controllable market elements
563. Which step of the strategic brand management process is concerned with brand
audits, brand tracking and brand equity management system?
View answer
Correct answer: (B)
Measure and integrate brand performance
564. Which of the following is not true regarding the role of a brand?
View answer
Correct answer: (D)
Reduces price premium that is charged for the product
565. Which of the following is not true regarding target return pricing?
View answer
Correct answer: (B)
Profit remains unaffected if actual sale number differs from that of estimated sales
A. Selective distribution
B. Exclusive distribution
C. Intensive distribution
D. Digital distribution
View answer
Correct answer: (B)
Exclusive distribution
View answer
Correct answer: (A)
Identifying target audience
568. Restaurant chains generally try to ensure that the taste of food remains same
across the restaurants. This is an example of the restaurants trying to control:
A. Perishability
B. Inseparability
C. Variability
D. Intangibility
View answer
Correct answer: (C)
Variability
569. The component of service quality which requires employees engaged in service
delivery to be prompt and helpful in their work is:
A. Tangibles
B. Empathy
C. Responsiveness
D. Assurance
View answer
Correct answer: (C)
Responsiveness
570. The branding strategy made famous by Intel wherein it focused on creating a
brand of a particular component in a computer is also termed as:
A. Ingredient branding
B. Co-branding
C. Sub-branding
D. None of these
View answer
Correct answer: (A)
Ingredient branding
571. The fourth stage of the stage gate system for new product development is:
View answer
Correct answer: (B)
Prototype testing
View answer
Correct answer: (C)
Pioneers sometime launch products before the consumers are ready to accept the
product
A. Strong
B. Uniqueness
C. Favorability
D. None of these
View answer
Correct answer: (C)
Favorability
574. Right branding increases ______________ of the product, which should be more than
that of the generic product.
A. Market Share
B. Profit
C. Sales
D. Value
View answer
Correct answer: (D)
Value
575. Advertising and distribution are examples of ______________ type of measure which
are used for brand health check.
A. Perceptual
B. Profitability
C. Purchasing and sales
D. Marketing support
View answer
Correct answer: (D)
Marketing support
View answer
Correct answer: (B)
Setting price based on buyers' perceptions of value rather than on seller's cost
577. Which of the following will increase the value of index of retail saturation?
A. Interactive marketing
B. Content marketing
C. Location based marketing
D. None of these
View answer
Correct answer: (A)
Interactive marketing
View answer
Correct answer: (B)
Skill of the employee
580. The promotional goals a firm develops might be aimed at all of the following,
EXCEPT:
View answer
Correct answer: (C)
Identifying potential market of the produ
592. Which of the following is not true regarding marketing strategy at the growth
stage of the product?
View answer
Correct answer: (D)
Exit current market
A. Relevance
B. Performance
C. Bonding
D. Presence
View answer
Correct answer: (C)
Bonding
BASICS OF MARKETING- 106
execution
selling
strategies
research
the art and science of choosing target markets and getting, keeping, and growing
customers through creating, delivering, and communicating superior customer value
developing marketing strategies to move the company forward
3. Chimney Sweeps employs people to clean fireplaces and chimneys in homes and
apartments. The firm is primarily the marketer of which one of the following?
An image
A service
A good
An idea
4. Marketers often use the term ________ to cover various groupings of customers.
people buying
power
demographic
segment market
5. The ________ concept holds that consumers and businesses, if left alone, will ordinarily
not buy enough of the organization’s products.
production
selling
marketing
holistic
marketing
A religion.
Your university.
Your occupation.
7. The buying process starts when the buyer recognizes a _________. Product an
problem or need
8. If actual performance exceeds the expected performance of the product, Then customer is
___________________
Satisfied
Dissatisfied
Delighted
Neutral
Specialty Products
Convenience products
Shopping products
Unsought products
10. Parents buy toys for their children act as _______________ in the buying process.
Decider
Buyer
Maintainer
double-up marketing
interactive marketing
service marketing
internal marketing
12. A cluster of complementary goods and services across diverse set of industries is called as
_____________
Market place
Meta market
Market space
Resource Market
Product Approach
Production Approach
Marketing Approach
Selling Approach
14. One of the key tasks of marketers is ____________ and to create consumer perceptions
that the product is worth purchasing.
To do marketing surveys
problem recognition
post purchase
behavior alternative
evaluation purchase
Consumer
Business-to-business (industrial)
Channel
Institutional
17. Which of the following is considered a “key player” in the marketing industry? marketer
18. Marketing Mix is the most visible part of the marketing strategy of an organization.
True
False
True
False
Delayed purchase
New-task purchase
21.________ markets include a wide variety of profit and nonprofit organizations, such as
hospitals, government agencies, and schools, which provide goods and services for the benefit
of society.
Consumer
Business-to-business (Industrial)
Reseller
Institutional
wholesaler
retailer
manufacturer
distributor
Product Differentiation
Distribution
Cost
Marketing Communication
24.When a company distributes its products through a channel structure that includes one or
more
marketing multi-level
marketing
integrated marketing
25.In marketing theory, every contribution from the supply chain adds ________ to the
product.
value costs
convenience ingredients
26.Institutional markets consist of people who buy products and services for personal use.
True
False
27. Listing alternatives that will solve the problem at hand and determining the
characteristics of each occurs during which stage of the final consumer’s decision process?
Information search
Purchase
Evaluation of alternatives
Post purchase
28. The act of trading a desired product or service to receive something of value in return
is known as which key concept in marketing?
product
exchange
production
customer
core product.
central product.
fundamental
product.
augmented
product.
30. Anything that can be offered to a market for attention, acquisition, use, or consumption
that might satisfy a want or need is called a(n):
idea.
demand.
product.
service.
31. In ________ consumers may share a strong need that cannot be satisfied by an existing
product.
negative demand
latent demand
declining demand
irregular demand
32. Marketing is both an “art” and a “science” there is constant tension between the
formulated side of marketing and the ________ side.
creative
selling
management
behavior
33. Mr. Lopez buys goods and services for use in the production of products that are sold and
supplied to others. Mr. Lopez is involved in ________.
post-purchase dissonance
True
False
36. The ________ holds that the organization’s task is to determine the needs, wants, and
interests of target markets and to deliver the desired satisfactions more effectively and
efficiently than competitors in a way that preserves or enhances the consumer’s and the
society’s wellbeing.
customer-centered business
ethically responsible
marketing
Learning
Role selection
Perception
Motivation
38. Holistic marketers achieve profitable growth by expanding customer share, ________,
and capturing customer lifetime value.
undermining competitive
customer base
39. ________ pricing is the approach of setting a low initial price in order to attract a large
number of buyers quickly and win a large market share.
Market-skimming
Value-based
Market-penetration
Leader
41.________ markets include a wide variety of profit and nonprofit organizations, such as
hospitals, government agencies, and schools, which provide goods and services for the benefit
of society.
Consumer
Business-to-business (Industrial)
Reseller
Institutional
42.Which of the following is NOT considered a type of reseller?
wholesaler
retailer
manufacturer
distributor
Product Differentiation
Distribution
Cost
Marketing Communication
44.When a company distributes its products through a channel structure that includes one or
more resellers, this is known as ________.
marketing multi-level
marketing
integrated marketing
45.In marketing theory, every contribution from the supply chain adds ________ to the
product.
value costs
convenience ingredients
46.Institutional markets consist of people who buy products and services for personal use.
True
False
47. Listing alternatives that will solve the problem at hand and determining the
characteristics of each occurs during which stage of the final consumer’s decision process?
Information search
Purchase
Evaluation of alternatives
Post purchase
48. The act of trading a desired product or service to receive something of value in return
is known as which key concept in marketing?
product
exchange
production
customer
core product.
central product.
fundamental
product.
augmented
product.
50. Anything that can be offered to a market for attention, acquisition, use, or consumption
that might satisfy a want or need is called a(n):
idea.
demand.
product.
service.
51. In ________ consumers may share a strong need that cannot be satisfied by an existing
product.
negative demand
latent demand
declining demand
irregular demand
52. Marketing is both an “art” and a “science” there is constant tension between the
formulated side of marketing and the ________ side.
creative
selling
management
behavior
53. Mr. Lopez buys goods and services for use in the production of products that are sold and
supplied to others. Mr. Lopez is involved in ________.
post-purchase dissonance
55. Convenience products usually have intensive distribution because sales of these products
tend to have a direct relationship to availability.
True
False
56. The ________ holds that the organization’s task is to determine the needs, wants, and
interests of target markets and to deliver the desired satisfactions more effectively and
efficiently than competitors in a way that preserves or enhances the consumer’s and the
society’s wellbeing.
customer-centered business
ethically responsible
marketing
Learning
Role selection
Perception
Motivation
58. Holistic marketers achieve profitable growth by expanding customer share, ________,
and capturing customer lifetime value.
undermining competitive
customer base
59. ________ pricing is the approach of setting a low initial price in order to attract a large
number of buyers quickly and win a large market share.
Market-skimming
Value-based
Market-penetration
Leader
61. Whether to sell via intermediaries or directly to consumers, how many outlets to sell
through, and whether to control or cooperate with other channel members are examples of
decisions marketers must make about
Promotion
Price
Distribution
Product
63. A social and managerial process by which individuals and organizations obtain what they
need and want through value creation refers to which one of the following concepts?
Selling
Advertising
Barter
Marketing
64. What is the basic property of a service which makes it different from a product.
Shape
Size
Very expensive
Intangibility
customer needs
customer value
improved quality
site.
68.Red Cross blood donations are considered to be specialty products and, therefore,
True
False
69. You purchase cleaning supplies for your custodial help regularly. It is showing which
buying situation? Modified rebuy
Straight rebuy
Consumer buy
70. Internal marketing is marketing by a service firm to train and effectively motivate its
customer-contact employees and all the supporting service people to work as a team to
provide customer satisfaction.
True
False
71. Customer’s evaluation of the difference between all the benefits and all the costs of a
marketing offer relative to those of competing offers refers to which of the following
options?
Customer perceived value
Marketing myopia
Customer satisfaction
72. Buying goods and services for further processing or for use in the production process
refers to which of the following markets?
Consumer markets
Government markets
Business markets
International markets
73. The packaging concept states what the package should be or do for the product.
True
False
Sales strategies
Marketing concepts
Cultural values
Brand images
75. Resellers may actually take ownership of the product and participate in the marketing,
including the advertising.
True
False
76. The materials and ingredients used in producing the product are obtained from other
companies who are referred to as distributors.
True
False
77. The ________ refers to the various companies that are involved in moving a product
from its manufacturer into the hands of its buyer.
distribution
chain network
chain supply
chain
promotion
network
78. ________ is the study of how individuals, groups, and organizations select, buy, use,
and dispose of goods, services, ideas, or experiences to satisfy their needs and wants.
Target marketing
Psychographic segmentation
Product Differentiation
Consumer behavior
79. A person’s ________ consist(s) of all the groups that have a direct (face-to-face) or
indirect influence on his/her attitudes or behavior.
culture subculture
psychographics
reference groups
demographics
80. Product choice is greatly affected by economic circumstances. All of the following
would be among those circumstances EXCEPT ________.
occupation borrowing
power
81. ________ is a set of distinguishing human psychological traits that lead to relatively
consistent and enduring responses to environmental stimuli.
Image
Personality
Beliefs
Heredity
Culture
82. ________ portrays the “whole person” interacting with his or her environment.
Attitude
Reference group
Lifestyle
Culture
Subculture
84. The five-stage model of the consumer buying process includes all of the following
stages EXCEPT ________.
problem recognition
interaction purchase
decision
delighted
satisfied
disappointed
surprised.
86. The primary purpose of marketing activities is to facilitate and encourage exchange
transactions with potential customers.
True
False
87. Merchant wholesalers sell goods and services directly to final consumers for their
personal, nonbusiness use.
True
False
88. A service can be defined as “any activity or benefit that one party can offer another that
is essentially intangible and that does not result in the ownership of anything.”
True
False
89. The intangible nature of many services can create unique challenges for marketers.
True
False
90. Auction sites, such as eBay, QXL are examples of Consumer-to-Consumer (C2C)
channels.
True
False
91. Product planners need to think about products and services on three levels. Each level
adds more customer value. Which one of the following is the most basic level that
addresses the question, “What is the buyer really buying?”
Actual product
Augmented product
Core benefit
Co-branding
92. The mental act, condition or habit of placing trust or confidence in another shows which
of the following options?
Motive
Belief
Behavior
Attitude
93. How do consumers respond to various marketing efforts the company might use? What
is a starting point of a buyer’s behavior?
Belief
Subculture
Stimulus-response Model
94. Which one of the following factor relates to family that influences consumer behavior?
Cultural
Social
Personal
Business
95. Unique psychological characteristics that lead to relatively consistent and lasting
responses to one’s own environment refers to which one of the following?
Belief
Culture
Personality
Self-awareness
96. Which one of the following statements by a company chairman BEST reflects the
marketing concept?
97. Which one of the following is a key to build lasting relationships with consumers?
Customer satisfaction
Quality of product
98. The factors such as the buyer’s age, life-cycle stage, occupation, economic situation,
lifestyle, personality and self-concept that influences buyer’s decisions refers to which
one of the following characteristic?
Personal characteristics
Psychological characteristics
Behavioral characteristics
Demographical characteristics
salesperson, customer
politician, voter
marketer, prospect
celebrity, audience
100. Companies selling mass consumer goods and services such as soft drinks, cosmetics, air
travel, and athletic shoes and equipment spend a great deal of time trying to establish a
superior brand image in markets called ________.
business markets
global markets
consumer markets
service markets
101. The ________ is practiced most aggressively with unsought goods, goods that buyers
normally do not think of buying, such as insurance, encyclopedias, and funeral plots.
marketing concept
selling concept
production concept
product concept
holistic marketing
concept
102. The ________ concept holds that consumers will favor those products that offer the
most quality, performance, or innovative features.
product
marketing
production
selling
holistic
marketing
103. . ________ marketing has the aim of building mutually satisfying long-term relations
with key parties such as customers, suppliers, distributors, and other marketing partners
in order to earn and retain their business.
Holistic
Demand-based
Direct
Relationship
Synthetic
104. One traditional depiction of marketing activities is in terms of the marketing mix or four
Ps. The four Ps are characterized as being ________.
and place
105. David Packard of Hewlett-Packard once said, “Marketing is far too important to leave
to
________.” the
advertising boys
uninformed managers
marketing department
106. The traditional view of marketing is that the firm makes something and then ________
it.
markets
sells
distributes
prices
services
107. __________ is the single factor that best indicates social class.
Time
Money
Occupation
Fashion
108. Marketing strategies are often designed to influence _______________ and lead to
profitable exchanges.
Sales strategies
Advertising strategies
Export strategies
109. __________ refers to the information a consumer has stored in their memory about a
product or service.
Cognitive dissonance
Product knowledge
Product research
Marketing research
110. When consumers are seeking low-involvement products, they are unlikely to engage in
extensive search, so _________________ is important.
Order processing
Order booking
Ready availability
111. ___________________ constitutes moderate consumer behavior, but still involves time
and effort searching for and comparing alternatives.
Need recognition
113. Which of the following is NOT one of the four philosophies of marketing? production
sales orientation
promotion orientation
114. Of the four competing philosophies, the Furniture Industry is an example of what kind
of orientation:
Sales Orientation
Marketing Orientation
Production Orientation
115. Marketing is defined by the American Marketing Association as the activity, set of
institutions, and processes for ______, ________, ________, and __________ offerings
that have value for customers, clients, partners, and society at large.
117. Which of the following firms emphasizes on product’s benefits to the customers rather
product attributes? Product oriented
Market oriented
Sales oriented
Production oriented
118. Products that are usually purchased due to adversity and high promotional back
up rather than desire are called:
Sought goods
Unique goods
Unsought goods
Preferred goods
119. Which product is MOST likely to be purchased through routine decision making?
Television set
Soft drink
Shirt
Car
120. Luxury products, such as Rolex watches, are also known as:
Shopping product
Convenience product
Emergency product
Specialty product
121. Which of the following is NOT included as a basic idea in the definition of marketing
concepts?
Profit
Productivity
Customer satisfaction
122. Which of the following is the most recent stage of marketing evolution?
Production era
Sales era
123.Which of the following is NOT included as a basic idea in the definition of marketing
concepts?
Profit
Productivity
Customer satisfaction
Satisfaction scale
Profit margin
Competitive benefit
125.Which of the following is NOT included in the marketing management process used by
the marketing manager to achieve its objectives?
126.A channel of distribution is any series of firms (or individuals) who participate in the
flow of products to final user or customer.
True
False.
Personal selling
Sales promotion
Mass selling
128.The marketing concept applies to production firms, but not to service industries.
True
False
Marketing
Production
130.The marketing concept means that an organization aims the majority of its efforts at
satisfying customers, at a profit.
True
False
131.When a manager focuses on making whatever products are easy to produce, and then
trying to sell them, that manager has a ___________________ orientation.
Marketing
Production
Sales
Profit
132. Which of the following is NOT consistent with a manager having a marketing
orientation?
Inventory levels are set with customer requirements and costs in mind
Customer relationship focuses on customer satisfaction before and after sale, leading to a
profitable long-run relationship
133. Often, the best way to improve customer value, and beat the competition, is to be first to
satisfy a need that others have not even considered.
True
False
134. It is more costly to retain current customers by satisfying their needs, than to get new
customers by taking them away from a competitor.
True
False
Government agencies
Religious groups
Fine arts organizations
136. The controllable variables a company puts together to satisfy a target group is called the
____________________.
Marketing strategy
Marketing mix
Strategic planning
Marketing concept
orientation?
Customer orientation.
Profitability orientation.
Marketing orientation.
Competitor orientation.
important. selling and marketing are essentially the same thing. sales depend
customer satisfaction
planning excellence
a quality
rift a
value line
142. The way in which the product is delivered to meet the customers' needs refers to:
selling.
composite analysis of all environmental factors inside and outside the firm. a
Pricing
Distribution
Product development
Promotion
Product.
Target market.
Pricing.
148. A marketing philosophy summarized by the phrase 'a stronger focus on social and
ethical concerns in marketing' is characteristic of the _________ period.
production
sales
marketing
societal
marketing
Marketing is the term used to refer only to the sales function within a firm.
Marketing is an activity that considers only the needs of the organization; not the needs of
society as a whole.
Marketing is the activity, set of institutions, and processes for creating, communicating,
delivering, and exchanging offerings that have value for customers, clients, partners, and
society at large.
151. Which of the following involves designing and manufacturing the container or wrapper
for a product?
Labeling
Packaging
Branding
Product line
Information
Manipulation
Communication
Interpretation
153.If the aim of the promotion to introduce a new consumer product is to achieve high
awareness levels, the firm will most likely make heavy use of _______ in the promotional
mix.
Advertising
Sales promotion
Personal selling
Publicity
Personal selling
Sales promotion
Advertising
Indirect selling
Industrial products
Convenience goods
High-priced products
Specialty goods
156.A television advertisement showing the safety features of the Volvo 240 DL would be
best classified as which of the following?
Product advertising
Pioneer advertising
Defensive advertising
Societal marketing
157. Need becomes ________ when they are directed towards a specific object.
Actual need
Want
Satisfaction
Demand
158. Which of the following BEST describes the consumer’s preference for products that are
widely available to them?
Production concept
Marketing concept
Selling concept
Product concept
159.Buying and selling of mass consumer goods and services comes under which of the
following markets?
Business markets
Global markets
Consumer markets
Government markets
160. Which one of the following BEST describes the human need?
Food
French-fries
Burger
Pizza
161.Which of the following firms emphasis on product’s benefits to the customers rather than
on product attributes.
Product oriented
Market oriented
Sales oriented
Production oriented
162. All of the following are the examples of unsought goods EXCEPT:
Course books
Encyclopedia
Funeral plots
Insurance policy
Unsought Goods
163. While considering the place for a product which of the following is important for
customer.
Communication
Convenience
Cost
Solution
Retailers
Distributors
Customers
Wholesalers
165. Price is the only element in the marketing mix that produces:
Fixed cost
Expense
Variable cost
Revenue
166. Identify the products that the customer usually buys frequently and with a minimum of
comparison and buying effort.
Specialty
Convenience
Unsought
Augmented
Styling
Brand name
Warehousing
Packaging
Promotion
Placing
Pricing
Exchange
Production concept
Marketing concept
Selling concept
Product concept
170. Which of the following is a name, term, sign, symbol, design, or a combination of these,
that identifies that maker or seller of a product or service?
Label
Co-brand
Brand
Product
171. The consumer’s estimate of the product’s overall capacity to satisfy his or her needs is
called:
Product Cost
Product Value
Product need
Product Satisfaction
172. According to the text, a product is everything the customer receives in an exchange.
the physical object the customer receives in an exchange. the service that is rendered to
a motorcycle.
a bicycle.
athletic
shoes.
175. Sai Nath called several airlines to compare rates and chose a flight on British Midland as
it had a better reputation for service and competitive prices. The airline ticket is an
example of which type of product?
A)convenience
B)shopping
C)specialty
D)unsought
176. Products that are relatively inexpensive and are purchased frequently with minimal
effort can be classified as ___________ products.
shopping
convenience
industrial
specialty
unsought
177. Large tools and machines used in a production process for a considerable length of time
are classified as
major
equipment.
accessory
equipment.
component parts.
raw materials.
consumable
supplies.
178. Items that are purchased routinely, do not become part of the final physical product, and
are treated like expense items rather than capital goods are called
raw materials.
major
equipment.
accessory
equipment.
component parts.
process materials.
179. Products that are used directly in the production of a final product but are not easily
purchased for personal consumption. frequently purchased for both their functional
181. A company designs the product with little or no input from customers, the company is
practicing which of the following concept?
Product concept
Marketing concept
Selling concept
Production concept
182. Which of the following 4Ps of marketing mix involves decisions regarding channels
coverage, assortments, locations, inventories or transports?
Product
Price
Place
Promotion
Telemarketing
Public relations
Sales promotion
Advertising
True
False
To intermediaries
Container
Label
Advertisement
Warranty
Strategic
Superior
Augmented
Anticipated
189. Which of the following are products and services bought by final consumers for
personal consumption? These include convenience products, shopping products,
specialty products, and unsought products. Material and parts
Consumer products
Industrial products
Capital items
190. The skimming, penetration, bargaining and bundling are decided in the
______________ of the Marketing Mix strategy.
Price Decisions
Place Decisions
Product Decisions
Promotion Decisions
191. Low Consumer involvement in purchase and little significant brand difference comes in
which types of buying behaviors.
Complex buying behavior
Dissonance-reducing buying behavior
Habitual buying behaviors
Variety-seeking buying behaviors
192. Distribution of product to get it in the marks refers to which of the following activities?
Selling Activities
Advertising activities
Promotion Activities
193. How many stages are involved in the consumer buying / adoption process?
Six
Seven
Three
Five
194. Which one of the following factor relates to family that influences consumer behavior?
Cultural
Social
Personal
Business
Personal selling
Advertising
Sales promotion
Publicity
Two
Three
Four
Five
197. The buyer decision process consists of five stages. Which of the following is NOT one
of these stages?
Evaluation of Alternatives
Information search
198. You are planning to install a steel manufacturing plant in your city. For that purpose you
want to have a supplier who supplies you the steel in raw form for manufacturing. Here
supplier supplies you which of the following form of industrial product?
Capital items
199. “How are you telling consumers in your target group about your product” This question
belongs to which marketing concept?
Product
Price
Place
Promotion
Delayed purchase
New-task purchase