This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Marketing Management – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Marketing Management Quiz 5 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the goal of Marketing Management? A) To sell. B) To buy. C) To see the ratio of buy and sell. D) To have an understanding of how Markets work. Show Answer Correct Answer: D) To have an understanding of how Markets work. 2. In which testing the company with the new product specifies the number of stores and geographic locations it wants to test? A) Sales-Wave Research. B) Test Markets. C) Controlled Test Marketing. D) Simulated Test Marketing. Show Answer Correct Answer: C) Controlled Test Marketing. 3. Which of the following is an example of a right that workers should expect to have in the workplace: A) Flexible work schedule. B) Access to company information. C) Freedom from discrimination. D) Unlimited personal time. Show Answer Correct Answer: C) Freedom from discrimination. 4. The principle of ..... implies that communicators can use their good image to reduce some negative feelings toward a brand but in the process might lose some esteem with the audience. A) Congruity. B) Conformity. C) Credibility. D) Confidence. Show Answer Correct Answer: A) Congruity. 5. IT CONSISTS OF PEOPLE, EQUIPMENT, AND PROCEDURES TO GATHER, SORT, ANALYZE, EVALUATE, AND DISTRIBUTE NEEDED, TIMELY, AND ACCURATE INFORMATION TO MARKETING DECISION MAKERS. A) MARKETING SYSTEM. B) MARKETING INFORMATION SYSTEM. C) MARKETING INFORMATION. D) MARKETING INTELLIGENCE SYSTEM. Show Answer Correct Answer: B) MARKETING INFORMATION SYSTEM. 6. Deciding how goods get into customers hands is: A) Selling. B) Product/service management. C) Channel management. D) Market share. Show Answer Correct Answer: C) Channel management. 7. A marketing-research project that gathers sufficient information to help the business in its decision making would be described as A) Predictive. B) Efficient. C) Tedious. D) Thorough. Show Answer Correct Answer: D) Thorough. 8. Buy 'LED Television and a DVD Player' for Rs. 30, 000. This is an example of: A) Rebate. B) Discount. C) Product combination. D) Quantity gift. Show Answer Correct Answer: C) Product combination. 9. Modern concept of marketing starts with: A) Purchase. B) Storage. C) Consumer research. D) Promotion. Show Answer Correct Answer: C) Consumer research. 10. When a company sets a price for a product, which of the following are considered? A) Consumer perception and supply & demand. B) Cost of raw materials, supply & demand, competitor's price, consumer perception. C) Supply & Demand and Competitor's Price. D) Cost of raw materials and consumer perception. Show Answer Correct Answer: B) Cost of raw materials, supply & demand, competitor's price, consumer perception. 11. Which of the following is NOT usually defined as an element of the marketing mix? A) Profit. B) Place. C) Product. D) People. Show Answer Correct Answer: A) Profit. 12. Mansi, a shoe manufacturer for school students, decided to maximise profits by producing and distributing shoes on a large-scale and thus reducing the average cost of production.Identify the marketing management philosophy adopted by Mansi. A) Selling. B) Product. C) Marketing. D) Production. Show Answer Correct Answer: D) Production. 13. A business's brand promise is intended to accomplish which goal? A) Name its product. B) Provide the customer. C) Use as a trademark. D) Sell to the target market. Show Answer Correct Answer: B) Provide the customer. 14. Symbol is used in which cases? A) Labelling. B) Publicity. C) Packaging. D) None of these. Show Answer Correct Answer: A) Labelling. 15. External marketing data comes from sources outside the business such as ..... A) Customer complaints. B) Trade journals. C) Sales forecasts. D) Inventory records. Show Answer Correct Answer: B) Trade journals. 16. Ken is developing a web page for a new bed-and-breakfast inn. He wants to add information on the web page that describes local tourist attractions and restaurants. To allow website visitors the ability to visit these other websites from the bed-and breakfast inn's website, Ken should create A) Portals. B) Cookies. C) Hyperlinks. D) A site map. Show Answer Correct Answer: C) Hyperlinks. 17. Which is not the mode of labelling? A) Descriptive. B) Periodic Index. C) Formative. D) Utilitative. Show Answer Correct Answer: D) Utilitative. 18. Performance that one party can offer to another that is essentially intangible is known as ..... A) Distribution. B) Services. C) Strategy. D) Satisfaction. Show Answer Correct Answer: B) Services. 19. Which of the following is an example of excess demand: A) Price = $ 500, demand = 500, supply = 500. B) Price = $ 400, demand = 600, supply = 400. C) . Price = $ 600, demand = 400, supply = 600. D) Price = $ 700, demand = 300, supply = 700. Show Answer Correct Answer: B) Price = $ 400, demand = 600, supply = 400. 20. IT REFERS TO THE QUALIFIED AVAILABLE MARKET THAT THE COMPANY DECIDES TO PURSUE. A) PENETRATED MARKET. B) TARGET MARKET. C) AVAILABLE MARKET. D) POTENTIAL MARKET. Show Answer Correct Answer: B) TARGET MARKET. 21. One company licenses another to produce its product, or two companies jointly market their complementary products is known as ..... A) Strategic alliances. B) Promotional alliances. C) Logistics alliances. D) Product alliances. Show Answer Correct Answer: D) Product alliances. 22. It is helpful to think of goods and services as ..... A) Existing along a continuum. B) Similar. C) Different. D) Comprised of both logistics and tangible items. Show Answer Correct Answer: A) Existing along a continuum. 23. Which of the following could not be marketed? A) On-line trading, Business processing outsourcing etc. B) Sports events, Music concert etc. C) Visit Udaipur- "The City of Lakes". D) None of these. Show Answer Correct Answer: D) None of these. 24. Which of the following is an umbrella term referring to any type of Internet transaction: A) E-commerce. B) Business. C) URL. D) Website. Show Answer Correct Answer: B) Business. 25. The fact that snow-blowers tend to sell better in the North than in the South illustrates the importance of considering ..... in marketing planning. A) Urban living. B) Age. C) Climate. D) Culture. Show Answer Correct Answer: C) Climate. 26. Identify the type of market research data based on the characteristics below:Data collected by a company regarding sales of a particular product or time period, etc ..... A) Competitor data. B) Market research data. C) Government data. D) Company data. Show Answer Correct Answer: D) Company data. 27. Contains information about the product on its container, packaging, or the product itself. A) Labelling. B) Logo. C) Slogan. D) None of above. Show Answer Correct Answer: A) Labelling. 28. How can we sell more aggressively? A) Production. B) Societal. C) Market. D) Sales. Show Answer Correct Answer: D) Sales. 29. Mansi took her niece Ridhima for shopping to 'Mega Stores' to buy her a bag for her birthday. She was delighted when on payment of the bag she got a pencil box along with the bag free of cost. Idenfity the technique of sales promotion used by the company. A) Gift. B) Product combination. C) Refund. D) Quantity Gift. Show Answer Correct Answer: B) Product combination. 30. What does the selling function involve that makes it so important? A) Displaying products. B) Setting high prices. C) Obtaining feeback from vendors. D) Contacting customers. Show Answer Correct Answer: D) Contacting customers. 31. Which type of promotion would a company choose in order to raise the image of the company and/or its products? A) Sales Promotion. B) Advertising. C) Personal Selling. D) Publicity. Show Answer Correct Answer: D) Publicity. 32. Marketing means- A) Transfer of ownership. B) Selection of marketing technique. C) Selling agent & sales promotion. D) All of these. Show Answer Correct Answer: D) All of these. 33. The buying process starts when the buyer recognizes a A) An advertisement for the product. B) Problem or need. C) Product. D) A salesperson from a previous visit. Show Answer Correct Answer: B) Problem or need. 34. What might a business do if it is running out of a popular product? A) Order substitutes. B) Place a reorder. C) Hold a sale. D) Reduce the price. Show Answer Correct Answer: B) Place a reorder. 35. Which type of economic system occurs when both the government and individuals own factors of production? A) Command. B) Market. C) Traditional. D) Mixed. Show Answer Correct Answer: D) Mixed. 36. What does a group's leader do? A) Follows up with everyone. B) Makes sure the group members agree. C) Takes the meeting minutes. D) Puts the group on a certain course. Show Answer Correct Answer: D) Puts the group on a certain course. 37. A ..... is comprised of several product lines that can vary in breadth and depth. A) Marketing mix. B) Service. C) Company. D) Product mix. Show Answer Correct Answer: D) Product mix. 38. What is the communication by the marketer to its target customers regarding its products or services? A) Promotion. B) Price. C) Product. D) Place. Show Answer Correct Answer: A) Promotion. 39. Which tool of promotion mix is an impersonal paid form of communication? A) Personal selling. B) Advertisement. C) Publicity. D) Sales promotion. Show Answer Correct Answer: B) Advertisement. 40. Any group that has an interest or impact in the organization's ability to achieve the objectives are A) The publics. B) The suppliers. C) The intermediaries. D) The competitors. Show Answer Correct Answer: A) The publics. 41. Which of the subsequent terms best describes the environment that includes the forces getting ready to the corporate that has an effect on its ability to serve its customers-the company, suppliers, promoting channel companies, client markets, competitors, and publics? A) Macro environment. B) Micro environment. C) Global environment. D) Networked environment. Show Answer Correct Answer: B) Micro environment. 42. What stage is the longest A) Decline. B) Growth. C) Maturity. D) Introduction. Show Answer Correct Answer: C) Maturity. 43. A copywriter is part of which of the following Marketing Pathways? a. Marketing Communications b. Merchandising c. Marketing Research d. Professional Sales A) C. B) D. C) B. D) A. Show Answer Correct Answer: D) A. 44. Third factor of Marketing Mix is- A) Place & distribution of product. B) Consumer. C) Size of product. D) Production of goods. Show Answer Correct Answer: A) Place & distribution of product. 45. Type of products which cannot be sold without technical knowledge- A) Durable. B) Industrial. C) Convenience. D) None of above. Show Answer Correct Answer: B) Industrial. 46. The products concept holds that consumers will buy products that offer the most quality performance and features.These are refer as ..... A) Selling Concept. B) Marketing concepts. C) Product concepts. D) Production. Show Answer Correct Answer: C) Product concepts. 47. Marketers have long realized the benefits of morphing ..... purchase-transaction exchanges into long-term relationship marketing. A) Customer. B) Short-term. C) Product. D) High quality. Show Answer Correct Answer: B) Short-term. 48. Businesses that buy products for use in their operation A) Industrial market. B) Consumer market. C) Buyers market. D) Customer market. Show Answer Correct Answer: A) Industrial market. 49. "Business goods are often purchased by trained purchasing agents, who must follow their organizations purchasing policies, constraints and requirements." What is that known as? A) Either option A or B. B) Formal purchasing. C) Professional purchasing. D) Buying influence. Show Answer Correct Answer: C) Professional purchasing. 50. Different parts of a business consider as one single entity is known as? A) Holistic marketing. B) Societal marketing. C) Industrial marketing. D) Environmental marketing. Show Answer Correct Answer: A) Holistic marketing. 51. In order to promote the habit of health and hygiene among weaker sections of the society, Home Products has launched low cost packs of hand wash. Identify the type of marketing philosophy being adopted by the company. A) Marketing Concept. B) Product Concept. C) Societal Marketing Concept. D) Production Concept. Show Answer Correct Answer: D) Production Concept. 52. Differences in ..... and preferences require that different products be provided to satisfy the different segments' needs. A) Consumers. B) Companies. C) Targets. D) Perceptions. Show Answer Correct Answer: D) Perceptions. 53. What are the three types of research? A) Causal, Exploratory, and Observational. B) Descriptive, Exploratory and Causal. C) Open ended questions, Closed ended questions, and Focus Groups. D) Primary, Secondary, and Sampling. Show Answer Correct Answer: B) Descriptive, Exploratory and Causal. 54. Which of the following firms is most likely to seek radical innovation? A) A traditional publishing company. B) A small scale FMCG company. C) A firm that procures and markets wheat. D) A high-tech firm in telecommunications. Show Answer Correct Answer: D) A high-tech firm in telecommunications. 55. The marketing objectives section of a marketing plan includes information about ..... A) The company's finances. B) The desired target market(s). C) Potential issues the marketing team must overcome. D) Marketing strategies and programs. Show Answer Correct Answer: C) Potential issues the marketing team must overcome. 56. Needs of ..... are being focused in Marketing. A) Wholesaler. B) Producer. C) Retailer. D) Customer. Show Answer Correct Answer: D) Customer. 57. Beta company makes items you typically see in a sports store. If they sell golf balls, which of the following would be expansion in the breadth direction? A) First aid. B) Golf clubs. C) Soccer balls. D) Fishing gear. Show Answer Correct Answer: C) Soccer balls. 58. Select the factor based on the explanation:Companies will change the position of their product in the market in order to better compete. A) Product Line (Depth, Extension & Contraction). B) Branding. C) Packaging. D) Product Modification. E) Repositioning. Show Answer Correct Answer: E) Repositioning. 59. Obtaining, developing, or improving a product is: A) Selling. B) Product/service management. C) Channel management. D) Market share. Show Answer Correct Answer: B) Product/service management. 60. The owners of the Totally Outrageous Shoe Store decided to rent store space next to a music store where teenagers frequently shop. What did the owners' decision add to their product? A) Promotion. B) Time utility. C) Place utility. D) Improved distribution. Show Answer Correct Answer: C) Place utility. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesMarketing Management Quiz 1Marketing Management Quiz 2Marketing Management Quiz 3Marketing Management Quiz 4Marketing Management Quiz 6Marketing Management Quiz 7Marketing Management Quiz 8Marketing Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books