This quiz works best with JavaScript enabled. Home > Economy > Business > Marketing Management – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Marketing Management Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is an example of helpful, printed information that businesses often give new employees during orientation: A) Promotional brochure. B) Annual report. C) Application form. D) Company handbook. Show Answer Correct Answer: D) Company handbook. 2. Rank the receiving process components in order below:a. Goods are marked and priced to be sent out into the store b. Boxes are recorded on a receiving record c. Merchandise is checked d. Truck arrives at store e. Any damages are reported f. Order is placed A) F, D, A, B, C, E. B) F, D, B, C, E, A. C) A, B, C, D, E, F. D) B, C, D, E, F, A. Show Answer Correct Answer: B) F, D, B, C, E, A. 3. Trey hangs posters advertising the school play in local businesses. What marketing function did he implement? A) Promotion. B) Selling. C) Distribution. D) Financing. Show Answer Correct Answer: A) Promotion. 4. This enables customers to try a product risk-free. A) Contest. B) Sampling. C) Premium. D) Frequent buyer program. Show Answer Correct Answer: B) Sampling. 5. What type of segmentation occurs when McDonald's creates a new value meal product that is for children ages 6-9 offering a double cheeseburger, small fries and a small soda? A) Demographics. B) Psychographics. C) Geographics. D) Product Benefit. Show Answer Correct Answer: B) Psychographics. 6. Which of the following types of economic systems would offer the most benefits to business owners and to their employees: A) Market. B) Socialist. C) Communist. D) Traditional. Show Answer Correct Answer: A) Market. 7. In a ..... orientation, the role of marketing research is to determine customer needs and how well the company is satisfying them. A) Marketing. B) Production. C) Production. D) Selling. Show Answer Correct Answer: A) Marketing. 8. ..... is often used as a regulator of the demand of a product & considered to be an effective competitive weapon. A) Promotion. B) Branding. C) Pricing. D) Distribution. Show Answer Correct Answer: C) Pricing. 9. Mona purchased a packet of chips from the local grocery shop. The information provided on the bottle was not clear. She fell sick on consuming it. She filed a case in the district forum and got the relief. Identify the important aspect neglected by the marketer in the above case. A) Packaging. B) Labelling. C) Branding. D) Pricing. Show Answer Correct Answer: B) Labelling. 10. "Availability and Affordability" of the product are considered to be the key to the success of a firm. It is main object of which marketing philosophy? A) Production concept. B) Product concept. C) Selling concept. D) Marketing concept. Show Answer Correct Answer: A) Production concept. 11. ..... refers to all of the different ways that the company will communicate about the product or service. a. Promotion b. Price c. Product d. Place A) A. B) B. C) C. D) D. Show Answer Correct Answer: A) A. 12. Which of the following is an example of a marketing strategy that a business might develop in order to achieve an objective it has outlined in its marketing plan: A) Obtaining $ 1 million in sales. B) Lowering prices by 5%. C) Increasing profits by 10%. D) Reducing operating costs. Show Answer Correct Answer: B) Lowering prices by 5%. 13. What is it called? " The decision making process by which formal org. establish the need for the purchased products and services and identify, evaluate and choose among alternative brands and suppliers." A) Business buying. B) Organizational buying. C) Formal buying. D) None of the above. Show Answer Correct Answer: B) Organizational buying. 14. Aarti works as an Interviewer and is not overqualified for her job. What level of education does Aarti most likely have? A) Some high school. B) A master's degree. C) A bachelor's degree. D) A high school diploma. Show Answer Correct Answer: D) A high school diploma. 15. A marketing-information management system can help business to ..... A) Motivate employees. B) Discover employee potential. C) Practice good business ethics. D) Discover new markets. Show Answer Correct Answer: D) Discover new markets. 16. An example of personal selling is ..... A) Trade shows. B) Billboards. C) Contests. D) Magazines. Show Answer Correct Answer: A) Trade shows. 17. Which of the following is not the objective of advertisement? A) Creation of Demand. B) Quality of Product. C) Increase goodwill of business. D) Increase sells. Show Answer Correct Answer: B) Quality of Product. 18. Which of the following is an important requirement for all public relations specialists? A) Getting an internship. B) Obtaining a bachelor's degree. C) Knowing basic mathematics. D) Understanding the global market. Show Answer Correct Answer: B) Obtaining a bachelor's degree. 19. Terms-of-sale selling policies cover such conditions of the sale as A) Credit, delivery, and discounts. B) Installation and maintenance. C) Discounts, guarantees, and returns. D) Entertaining the customer and prospecting. Show Answer Correct Answer: A) Credit, delivery, and discounts. 20. As prices for a product increase, A) Supply Increases & Demand Decreases. B) Supply Increases & Demand Increases. C) Supply Decreases & Demand Increases. D) Supply Decreases & Demand Decreases. Show Answer Correct Answer: A) Supply Increases & Demand Decreases. 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