This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Marketing Management – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Marketing Management Quiz 14 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following is not Correct? A) From local to global markets. B) From buyers need to producers wants. C) From buyers need to buyer wants. D) From price to non-price competition. Show Answer Correct Answer: B) From buyers need to producers wants. 2. A well-chosen celebrity can draw attention to a product or brand. The choice of the celebrity is critical. The most important factor is the celebrity's A) Trustworthiness. B) Expertise. C) Credibility. D) Likability. Show Answer Correct Answer: C) Credibility. 3. What is one question that a company needs to answer about a product that is in the introductory stage of its life cycle? A) Should we regionalize the product?. B) Should we take the product off the market?. C) How can we make the public aware of our product?. D) Does the product need to be modernized?. Show Answer Correct Answer: C) How can we make the public aware of our product?. 4. First stage of the product life cycle A) Introduction. B) Beginning. C) Start. D) Growth. Show Answer Correct Answer: A) Introduction. 5. ..... is described as the set of marketing tools that a firm uses to pursue its marketing objectives in a target market. A) Price Mix. B) Marketing Mix. C) Product Mix. D) Promotion Mix. Show Answer Correct Answer: B) Marketing Mix. 6. Finance, analysis and development, purchasing, and manufacturing are all activities that are a part of that element of the micro environment? A) The suppliers. B) The publics. C) The company's internal environment. D) The marketing channel firms. Show Answer Correct Answer: C) The company's internal environment. 7. Identify the type of market research data based on the characteristics below:Data that is collected by an outside agency to help understand more about the consumer perception of products, etc A) Competitor data. B) Company data. C) Market research data. D) Government data. Show Answer Correct Answer: C) Market research data. 8. A detailed version of the new product idea started in meaningful consumer form is known as ..... A) Concept testing. B) Idea Generation. C) Product Concept. D) Strategy Development. Show Answer Correct Answer: C) Product Concept. 9. Which of the following is NOT a demographic variable? A) Age. B) Education. C) Culture. D) Gender. Show Answer Correct Answer: C) Culture. 10. This is a promise about the experience customers can expect from the company's market offering and their relationship with the supplier. A) Value Proposition. B) Customer Relationship Management. C) Loyalty. D) Value Delivery System. Show Answer Correct Answer: A) Value Proposition. 11. Sarah is speaking to a customer who is decisive, forceful, and in a hurry. Sarah should A) Give the customer time to talk about himself/herself. B) Get to the point of her communication quickly. C) Discuss detailed statistics and information. D) Take time to develop a relationship with the customer. Show Answer Correct Answer: B) Get to the point of her communication quickly. 12. When using exploratory interviews to identify occupational interests, you should try to interview someone who A) Has an executive position in the company. B) Used to have the kind of job you want. C) Holds the kind of job you want. D) Hires people for the kind of job you want. Show Answer Correct Answer: C) Holds the kind of job you want. 13. In which Marketing pathway do employees transfer goods and services to other businesses and individuals? a. Professional Sales b. Marketing and Communications c. Merchandising d. Marketing Research A) C. B) A. C) D. D) B. Show Answer Correct Answer: B) A. 14. Some fast food restaurant offers tasty and convenient food at affordable prices, but doing so they contribute to a national obesity epidemic and environmental problems. These fast food restaurant overlook the ..... philosophy. A) Marketing concept. B) Selling concept. C) Societal marketing concept. D) Production concept. Show Answer Correct Answer: C) Societal marketing concept. 15. Phase III in the evolution of rural marketing belongs to the time period A) 1990s-2010s. B) 1960-1980s. C) 1980s-1990s. D) Before 1960s. Show Answer Correct Answer: A) 1990s-2010s. 16. Which of the following is not part of the marketing concept? A) Integrated marketing. B) Profits through customer satisfaction. C) Customer needs. D) Profits through sales volume. Show Answer Correct Answer: D) Profits through sales volume. 17. Which of the tools of public relations describes the financial activities of the company- A) Annual Reports. B) Press Release. C) News Letter. D) Press Kit. Show Answer Correct Answer: A) Annual Reports. 18. Which of the following is the example of a tube of shaving cream? A) Primary Packaging. B) Secondary Packaging. C) Transportation Packaging. D) None of these. Show Answer Correct Answer: A) Primary Packaging. 19. Ration shop is a- A) Wholesale Trade. B) Public Distribution. C) Direct sale. D) None of these. Show Answer Correct Answer: B) Public Distribution. 20. Which is not part of the Advertising group- A) Outdoors. B) Print. C) Broadcast. D) Digital. Show Answer Correct Answer: A) Outdoors. 21. Bad variability involves ..... A) Weather patterns. B) Technology. C) Errors in the system. D) Manufacturing tolerances. Show Answer Correct Answer: C) Errors in the system. 22. When you go out for dinner in a restaurant, who will be considered as the marketer? A) You. B) The restaurant owner. C) Both. D) None of above. Show Answer Correct Answer: B) The restaurant owner. 23. Planning, promoting, distributing products A) Marketing Mix. B) Marketing. C) Marketing Concept. D) Market Share. Show Answer Correct Answer: B) Marketing. 24. Disney sells its videos through five main channels:movie rental stores like Blockbuster, Disney company retail stores, and a few other retailers. Disney is a good example of what type of distribution? A) Integrated distribution. B) Multi-channel distribution. C) Intensive distribution. D) Selective distribution. Show Answer Correct Answer: D) Selective distribution. 25. The process of planning, pricing, promoting, and selling goods or services that satisfy customers needs is called ..... A) Marketing Concept. B) Selling. C) Marketing. D) Promoting. Show Answer Correct Answer: C) Marketing. 26. Kwacky Kwackers needs a new package design for its crackers. Which marketing professional field would be responsible for creating the new package? A) Advertising. B) Product management. C) Marketing research. D) Channel management. Show Answer Correct Answer: B) Product management. 27. Which of the following is NOT a type of factor in a company's macroenvironment? A) Economic. B) Demographic. C) Technology. D) Competitor. Show Answer Correct Answer: D) Competitor. 28. An ad informing consumers of a company's efforts to stop pollution is an example of ..... promotion. A) Retail. B) Promotional. C) Institutional. D) Direct-mail. Show Answer Correct Answer: C) Institutional. 29. Which of the following is most closely related with the organic growth of an organization? A) Developing new products from within. B) Increasing productivity of employees. C) Entering new marketplaces. D) Increasing the operational profitability. Show Answer Correct Answer: A) Developing new products from within. 30. Firms that share similar or the same activity as our main activity in the company are A) The intermediaries. B) The suppliers. C) The competitors. D) None of above. Show Answer Correct Answer: C) The competitors. 31. Magazines and pastries are examples of ..... products. A) Convenience. B) Shopping. C) Specialty. D) All the above. Show Answer Correct Answer: A) Convenience. 32. Income, ethnic background, gender, and age are all examples of ..... segmentation bases. A) Demographic. B) Socioeconomic. C) Geodemographic. D) Organizational. Show Answer Correct Answer: A) Demographic. 33. What can a business do to determine if there are problems with its customer-service levels in relation to its product-distribution strategies? A) Conduct a break-even analysis. B) Evaluate its channel members' performance. C) Analyze the product's quality standards. D) Examine the organizational chart. Show Answer Correct Answer: B) Evaluate its channel members' performance. 34. The level of packing used to present a gift to your friend on his birthday- A) Primary. B) Secondary. C) Transportation. D) None. Show Answer Correct Answer: B) Secondary. 35. A ..... is an elaborated version of the idea expressed in consumer terms. A) Test brand. B) "alpha" product. C) "beta" version. D) Product concept. Show Answer Correct Answer: D) Product concept. 36. Which of the following is a true statement about marketing plans? A) They require a lot of time and effort to write. B) They are important only for new businesses. C) They are internal documents written for management. D) They work best for big companies. Show Answer Correct Answer: A) They require a lot of time and effort to write. 37. Which function is concerned with making decisions about investments and credit? A) Financing. B) Marketing information management. C) Distribution. D) Pricing. Show Answer Correct Answer: A) Financing. 38. The ..... market consists of people who purchase goods and services for personal use. A) Business. B) Industrial. C) Customer. D) Consumer. Show Answer Correct Answer: D) Consumer. 39. In order to decide which tasks are most important and the order in which the tasks are to be completed, planners can use the A) RH Factor. B) ABC Principle. C) XYZ Principle. D) GDP Factor. Show Answer Correct Answer: B) ABC Principle. 40. Charles Schwab enables its customers to do transactions in its branches, over the phone, or on the Internet. This is an example of a company using ..... channels. A) Targeted. B) Interactive. C) Dual. D) Hybrid. Show Answer Correct Answer: D) Hybrid. 41. What activity are Nikki and Josh performing when they read over a scenario and then act out the parts in a training class? A) Experimenting. B) Role-playing. C) Brainstorming. D) Meditation. Show Answer Correct Answer: B) Role-playing. 42. Is all the activities of designing and producing the container for a product. A) Packaging. B) Product Line. C) Product-Mix. D) None of above. Show Answer Correct Answer: A) Packaging. 43. Creating brand awareness is a duty in which pathway? A) Professional Sales. B) Marketing Management. C) Merchandising. D) Marketing Research. Show Answer Correct Answer: A) Professional Sales. 44. The three areas of consideration that should be balanced in the societal marketing concept are consumer wants, society's interests, and ..... A) Short-run wants. B) Company profits. C) Human welfare. D) Want satisfaction. Show Answer Correct Answer: C) Human welfare. 45. A popular tool for segmenting that uses psychographic data, and that is based on the belief that one's attitudes and value system determine one's orientation to certain products and/or brands is called A) Prizm. B) Experian. C) Mals. D) VALS. Show Answer Correct Answer: D) VALS. 46. Collection of ..... is a basis to make decisions. A) Service. B) Information. C) Decision. D) Product. Show Answer Correct Answer: B) Information. 47. The job of a marketer, is to add to the ..... of the product so that the customers prefer it in relation to the competing products and decide to purchase it. A) Quantity. B) Quality. C) Value. D) Features. Show Answer Correct Answer: C) Value. 48. Value-added services' means ..... A) Costlier services. B) Better value at a premium. C) Additional services. D) Better value at a discount. Show Answer Correct Answer: C) Additional services. 49. Identify the purpose for a business to use inventory control systems.For example, by controlling how much products are in inventory will help businesses identify theft in their company. A) Manage the amount of products. B) Theft. C) Errors. D) None of above. Show Answer Correct Answer: B) Theft. 50. If demand hardly changes with small changes in price the demand is ..... A) Inelastic. B) Neutral. C) Elastic. D) Unitary. Show Answer Correct Answer: A) Inelastic. 51. A description of the ultimate goals of a company. A) Recruiting. B) Mission Statement. C) Human Resources. D) Rewards and encourage creativity. Show Answer Correct Answer: B) Mission Statement. 52. Ajay calls his friend Akash and requests him to sell one of his paintings to Rama's mother. In this transaction who is the marketer? A) Ajay. B) Akash. C) None. D) Both. Show Answer Correct Answer: A) Ajay. 53. Following is the importance of studying Rural Marketing Environment A) Helpful in recognizing new market opportunities. B) Helpful in taking marketing decisions. C) All of the above. D) Helpful in understanding rural market conditions. Show Answer Correct Answer: C) All of the above. 54. Subdividing of market into homogeneous subsections of customers is referred to as: A) Product positioning. B) Target marketing. C) Differentiated marketing. D) Market segmentation. Show Answer Correct Answer: D) Market segmentation. 55. Task environment in marketing is otherwise referred to as: A) Macro environment. B) Micro environment. C) Competitive environment. D) Socio-cultural environmnet. Show Answer Correct Answer: B) Micro environment. 56. Which stage is where profits are at all time high A) Maturity. B) Decline. C) Growth. D) Introduction. Show Answer Correct Answer: A) Maturity. 57. Content planning & content production termasuk strategy digital marketing yang mana? A) Develop. B) Identify. C) Engagement. D) Accelerate. Show Answer Correct Answer: A) Develop. 58. Newlyweds are most likely to spend money on which of the following? A) Furniture. B) Charitable giving. C) Music. D) Health care. Show Answer Correct Answer: A) Furniture. 59. Transporting and storing goods is part of which of the following marketing functions? A) Physical distribution channel. B) Direct marketing channel. C) Inventory channel. D) Warehousing channel. Show Answer Correct Answer: A) Physical distribution channel. 60. A request for information is also called a/an: A) Investigate competitors. B) Analyze economic changes. C) Identify problems. D) Evaluate market share. Show Answer Correct Answer: B) Analyze economic changes. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesMarketing Management Quiz 1Marketing Management Quiz 2Marketing Management Quiz 3Marketing Management Quiz 4Marketing Management Quiz 5Marketing Management Quiz 6Marketing Management Quiz 7Marketing Management Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books