This quiz works best with JavaScript enabled. Home > Economy > Business > Marketing Management – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Marketing Management Quiz 21 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... channels consist of company salespeople contacting buyers in the target market. A) Advocate. B) Social. C) Expert. D) Direct. Show Answer Correct Answer: A) Advocate. 2. The employees of a home-improvement warehouse are expert craftspeople who enjoy giving customers advice about do-it-yourself projects. The employees' advice increases the ..... utility of their goods. A) Form. B) Information. C) Possession. D) Place. Show Answer Correct Answer: B) Information. 3. Which of the following is NOT one of the four philosophies of marketing? A) Production orientation. B) Societal marketing orientation. C) Sales orientation. D) Promotion orientation. Show Answer Correct Answer: D) Promotion orientation. 4. It's not unusual to see a segmentation study comprised of some usage variable (e.g., heavy vs. light users) or some attitudinal variable (e.g., positively inclined toward our brand vs. loyal to a competitor). What type of variable is it usually cross-tabbed with? A) Demographic. B) Geographic. C) Psychological. D) Physical. Show Answer Correct Answer: A) Demographic. 5. One way for salespeople to answer a customer's question about the difference between two items is to explain A) Construction and materials. B) Appearance and style. C) Unique or novel features. D) Use and durability. Show Answer Correct Answer: A) Construction and materials. 6. Economics is the study of how a nation uses its resources. The resources, or factors of production, in an economy include: A) Money, Factories, Tools, Labor. B) Machines and Workers. C) Land, Labor, Capital and Entrepreneurship. D) Businesses and consumers. Show Answer Correct Answer: C) Land, Labor, Capital and Entrepreneurship. 7. Name the term which is a part of a BRAND which can be spoken A) Brand Name. B) Branding. C) Trade Mark. D) Brand Mark. Show Answer Correct Answer: A) Brand Name. 8. Jim's business is not selling goods as well as it did when the business first opened. Competitors have dropped their prices which has increased demand. What marketing activitity should Jim consider revisiting to increase his sales? A) Distribution/Place. B) Pricing. C) Product. D) Promotion. Show Answer Correct Answer: B) Pricing. 9. Magazines and pastries are examples of: A) Convenience products. B) Shopping products. C) Speciality products. D) Durable products. Show Answer Correct Answer: A) Convenience products. 10. What type of market likely exists when a local automobile dealer has many cars for sale at low prices but demand is low? A) Elastic. B) Buyer's. C) Seller's. D) Inelastic. Show Answer Correct Answer: B) Buyer's. 11. One difference between business ethics and the law is that business ethics A) Are easy to determine. B) Enforced by government. C) Must be published. D) Are often unwritten. Show Answer Correct Answer: D) Are often unwritten. 12. Measuring brand equity includes includes brand audits, brand tracking, and ..... A) Brand Line. B) Brand Mix. C) Brand Extension. D) Brand Valuation. Show Answer Correct Answer: D) Brand Valuation. 13. ..... is the set of all actual and potential buyers of a product or services. A) Market. B) Exchange and relationship. C) Customer value and satisfaction. D) Demands. Show Answer Correct Answer: A) Market. 14. Which is not a stage in the technology life cycle A) Maturity. B) Decline. C) Research and development. D) Growth. Show Answer Correct Answer: D) Growth. 15. ..... is the idea that consumer will not buy enough of the company's products unless the company undertakes large-scale of selling and promotion effort. A) Production concept. B) Marketing concept. C) Selling concept. D) Societal marketing concept. Show Answer Correct Answer: B) Marketing concept. 16. This P is not a part of the 7Ps of marketing mix? A) Promotion. B) People. C) Process. D) Purpose. Show Answer Correct Answer: D) Purpose. 17. Those who make decisions that affect the whole company (CEO, president, COO, CFO, vice president). A) Empowerment. B) Middle management. C) Top management. D) Supervisory-level management. Show Answer Correct Answer: C) Top management. 18. Brigette works for Rising Bakery Company. She manages the bakery's inventory at 25 supermarkets by refilling stock and maintaining the stores' Rising Bakery displays. What is Brigette? A) Food broker. B) Retailer. C) Jack robber. D) Manufacturer's agent. Show Answer Correct Answer: C) Jack robber. 19. A market is people or organizations that have A) The ability, willingness, and power to buy. B) A medium of exchange and products they desire. C) Needs and wants and ability and willingness to buy. D) Unmet needs or wants and products or services that satisfy those unmet needs or wants. E) Communication, financial and capital resources. Show Answer Correct Answer: C) Needs and wants and ability and willingness to buy. 20. To promote its summer menu, Danielle's Diner plans to e-mail a $ 5.00-off coupon to its regular customers next Tuesday. The coupon will be valid from June 1 through June 15. What does use of the coupon represent? A) Tactic. B) Strategy. C) Goal. D) Trend. Show Answer Correct Answer: A) Tactic. ← PreviousNext →Related QuizzesEconomy QuizzesMarketing Management Quiz 1Marketing Management Quiz 2Marketing Management Quiz 3Marketing Management Quiz 4Marketing Management Quiz 5Marketing Management Quiz 6Marketing Management Quiz 7Marketing Management Quiz 8Marketing Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books