This quiz works best with JavaScript enabled. Home > General Knowledge > Economy > Business > Marketing Management – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Marketing Management Quiz 6 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Planning, organising, directing and control of the activities which facilitate exchange of goods and services between producers and consumers or users of products and services refers to A) Management. B) Financial management. C) Marketing management. D) None of these. Show Answer Correct Answer: C) Marketing management. 2. Which of the following exemplifies clear and correct definition what Brand is? A) Its a strategy. B) The most valuable intangible assets. C) The customer-based-centered strategy. D) All of the choices are correct. E) Choices are correct except choice B. Show Answer Correct Answer: B) The most valuable intangible assets. 3. The business orientation should not be short-sighted too serve only consumers needs. It should also consider large issues of long-term social welfareThe marketing management philosophy highlighted above is: A) The marketing concept. B) The societal marketing concept. C) The selling concept. D) None of above. Show Answer Correct Answer: B) The societal marketing concept. 4. XYZ Company noticed that the sales of iPads in blue have increased in sales. What can the business determine about the iPads? A) Research methods. B) Product popularity. C) Competitor activity. D) Economic resources. Show Answer Correct Answer: B) Product popularity. 5. A marketing plan is designed to attract target customers through a set of ..... A) Workshops. B) Strategies. C) Rules. D) Mergers and acquisitions. Show Answer Correct Answer: B) Strategies. 6. Training employees on safety procedures is an example of which of the following ways to manage risk? A) Retain. B) Avoid. C) Shift. D) Reduce. Show Answer Correct Answer: B) Avoid. 7. What type of segmentation occurs when Bath & Body Works sells a new lotion that will leave skin feeling smooth and younger looking? A) Psychographics. B) Geographics. C) Demographics. D) Product Benefit. Show Answer Correct Answer: D) Product Benefit. 8. Marketing is a process which aims at A) Profit making. B) Satisfaction of customer needs. C) Selling products. D) Production. Show Answer Correct Answer: B) Satisfaction of customer needs. 9. Name the process of creating a unique name and image for a product in the minds of consumers? A) Product positioning. B) Repositioning. C) Branding. D) Labelling. Show Answer Correct Answer: C) Branding. 10. Customer service representatives fall under which pathway? A) Marketing Management. B) Merchandising. C) Marketing Research. D) Marketing Communications. Show Answer Correct Answer: D) Marketing Communications. 11. Scope of ..... is limited but scope of ..... is wider. A) Marketing, Publicity. B) Marketing, selling. C) Selling, marketing. D) Selling, Manufacturing. Show Answer Correct Answer: C) Selling, marketing. 12. Advertisment helps in ..... size of business. A) Limited. B) Narrow. C) Wide/Large. D) Medium. Show Answer Correct Answer: C) Wide/Large. 13. REMIEL JACOB MONITOR THE CHANGES IN POPULATION TO BE UPDATED IN THE CHANGES HAPPENING IN WHAT ENVIRONMENTAL FORCE? A) DEMOGRAPHIC ENVIRONMENT. B) TECHNOLOGICAL ENVIRONMENT. C) POLITICAL LEGAL ENVIRONMENT. D) ECONOMIC ENVIRONMENT. Show Answer Correct Answer: A) DEMOGRAPHIC ENVIRONMENT. 14. What is the relationship between data and information? A) Data and information are the same thing. B) Data are used to create information. C) Information is used to create data. D) Data and information are not related. Show Answer Correct Answer: B) Data are used to create information. 15. Personally communicating with the customer in order to help them purchase a product. A) Promotion. B) Marketing Information Systems/Market Research. C) Selling. D) Pricing. Show Answer Correct Answer: C) Selling. 16. It consists of the actors and forces outside marketing that affect marketing management's ability to build and maintain successful relationships with target customers. A) Marketing Environment. B) Macroenvironment. C) Microenvironment. D) None of above. Show Answer Correct Answer: A) Marketing Environment. 17. Charlie wants to be self-employed. Which career in the Marketing, Sales, and Service career cluster has the highest rate of self-employment? A) Street Vendor. B) Merchandise Displayer. C) Demonstrator. D) Real Estate Agent. Show Answer Correct Answer: A) Street Vendor. 18. Pricing is often used in a firm's ..... strategy. A) Profits. B) Product & management. C) Value & image. D) Advertising. Show Answer Correct Answer: D) Advertising. 19. TAMAGOCHI TOY ONLY LAST FOR LESS THAN A YEAR IN THE MARKET. THIS IS AN EXAMPLE OF ..... A) FASHION. B) TREND. C) MEGATREND. D) FAD. Show Answer Correct Answer: D) FAD. 20. What am I? The purchasing dept. reorders items like office supplies and bulk chemicals on a routine basis and chooses from suppliers on an approved list. A) Modify rebuy. B) Straight rebuy. C) New task. D) All the above. Show Answer Correct Answer: B) Straight rebuy. 21. What are the four stages in the product life cycle? A) Introduction, Growth, Maturity, Decline. B) Start, Growth, Decline, Retire. C) Introduction, Growth, Climax, Decline. D) Conceptualisation, Introduction, Maturity, Decline. Show Answer Correct Answer: A) Introduction, Growth, Maturity, Decline. 22. Which of the following is a consideration in the price element of marketing: A) Where will the products be stored?. B) Will the business use publicity?. C) When will research be conducted?. D) Should the business offer discounts?. Show Answer Correct Answer: D) Should the business offer discounts?. 23. The pyramid of corporate social responsibilities contains all of the following components EXCEPT: A) Cultural responsibilities. B) Legal responsibilities. C) Ethical responsibilities. D) Economic responsibilities. Show Answer Correct Answer: A) Cultural responsibilities. 24. As output of each worker increases, A) Productivity increases and profits increase. B) Productivity decreases and profits increase. C) Productivity increases and profits decrease. D) Productivity decreases and profits decrease. Show Answer Correct Answer: A) Productivity increases and profits increase. 25. In a ....., competitors strategic positions in major geographic or national markets are affected by their global positions. A) Competitive structure. B) Global Industry. C) Dealership. D) Global firm. Show Answer Correct Answer: B) Global Industry. 26. What are the streams in which consumers, the press, or other outsiders voluntarily communicate something about the brand. A) Owned media. B) Nonpaid media. C) Earned media. D) Paid media. Show Answer Correct Answer: C) Earned media. 27. The process of planning, pricing, promoting, selling and distributing ideas, goods, or services to create exchanges satisfying customers is A) Utility. B) Market share. C) Marketing. D) Advertising. Show Answer Correct Answer: C) Marketing. 28. Products which are usually purchased due to adversity and high promotional back up rather than desire are called as: A) Unique goods. B) Unsought goods. C) Preferred goods. D) Sought goods. Show Answer Correct Answer: B) Unsought goods. 29. Tangible items are A) Value. B) Utilities. C) Services. D) Goods. Show Answer Correct Answer: D) Goods. 30. When the demand of a product is inelastic, the firm is in a position to fix ..... prices. A) Similar. B) Competitive prices. C) Higher. D) Lower. Show Answer Correct Answer: C) Higher. 31. The term market may be understood in which of the following contexts? A) Geographical area covered. B) Type of buyers. C) Quantity of goods transacted. D) All of the above. Show Answer Correct Answer: D) All of the above. 32. The results of descriptive research are often ..... A) Quantitative. B) Unreliable. C) Vague. D) Qualitative. Show Answer Correct Answer: A) Quantitative. 33. The Underwriters Laboratory seal on an electrical product indicates A) Quality and safety backed by a testing organization. B) A guarantee by the manufacturer. C) The product can be returned. D) Standard grades established by the federal government. Show Answer Correct Answer: A) Quality and safety backed by a testing organization. 34. People in this category are looking for the lowest prices because they want the best value for their money. A) Seller's Market. B) Government. C) Buyer's Market. D) Market. Show Answer Correct Answer: C) Buyer's Market. 35. Employees who arrive at work on time and direct their own work-related activities during the course of the day usually possess positive ..... skills. A) Self-conceptual. B) Personal-orientation. C) Inner-qualitative. D) Self-managerment. Show Answer Correct Answer: D) Self-managerment. 36. A ..... is a structured approach to assessing the source s and outcomes of brand equity and the way marketing activities create brand value. A) Value chain. B) Brand value chain. C) Program chain. D) None of above. Show Answer Correct Answer: B) Brand value chain. 37. Select the factor based on the explanation:Marketers spend a lot of money and research on creating a brand image that customers will recognize and remain loyal to. A) Product Line (Depth, Extension & Contraction). B) Branding. C) Packaging. D) Product Modification. E) Repositioning. Show Answer Correct Answer: B) Branding. 38. The changing age structure population. A) Political Environment. B) Demographic Environment. C) Natural Environment. D) Economic Environment. Show Answer Correct Answer: B) Demographic Environment. 39. Car dealers emphasize personal contact with their customers in order to better determine and respond to customer needs and wants. This is an example of which marketing function? A) Marketing information management. B) Selling. C) Product/service management. D) Distribution. Show Answer Correct Answer: B) Selling. 40. Management is important in an organization because it actually A) Determines what customers will be targeted. B) Maintains financial statements for a business. C) Produces products and runs machinery. D) Establishes rules and policies as well as puts operating plans into action. Show Answer Correct Answer: D) Establishes rules and policies as well as puts operating plans into action. 41. ..... are the attributes of a product or service. A) Utility. B) Marketing Mix. C) Share. D) Function. Show Answer Correct Answer: A) Utility. 42. Example of Non-metalic goods is- A) Food. B) Machinery. C) Music. D) None of these. Show Answer Correct Answer: C) Music. 43. Company XYZ has predicted it will sell 3, 000 new microwaves during the "Back to School" sale. Which marketing function is this business using? A) Promotion. B) Channel Management. C) Risk management. D) Market planning. Show Answer Correct Answer: D) Market planning. 44. It is an impersonal and paid tool of promotional mix: A) Publicity. B) Sales Promotion. C) Personal selling. D) Advertising. Show Answer Correct Answer: D) Advertising. 45. Responsible for building and growing a company or organization's brand. A) Brand Management. B) Promotion. C) Advertising. D) None of above. Show Answer Correct Answer: A) Brand Management. 46. ..... is called marketer A) Service Provider. B) Satisfaction Seeker. C) Satisfaction Provider. D) Seller. Show Answer Correct Answer: C) Satisfaction Provider. 47. The results of exploratory research are often ..... A) Unusable. B) Qualitative. C) Specific. D) Quantitative. Show Answer Correct Answer: B) Qualitative. 48. Characteristics such as shopping patterns and decision-making processes are: A) Geographics. B) Psychographics. C) Behavioral. D) Demographics. Show Answer Correct Answer: C) Behavioral. 49. ..... is want for specific product backed by ability to pay. A) Want. B) Need. C) Customer. D) Demand. Show Answer Correct Answer: D) Demand. 50. The purpose of this marketing function is to set an financial charge for a product that will maximize profit A) Marketing Information Management (MIM). B) Channel Management. C) Marketing Planning. D) Product Service Management. E) Pricing. Show Answer Correct Answer: E) Pricing. 51. What is the relationship between research purpose and research design? A) There is no relationship between the two. B) Purpose dictates design. C) Design in unnecessary. D) Design is more important than purpose. Show Answer Correct Answer: B) Purpose dictates design. 52. In a company's micro environment all of the following would be considered EXCEPT A) Customer markets. B) Marketing channel firms. C) Political forces. D) Publics. Show Answer Correct Answer: C) Political forces. 53. Gender, age and income are all qualities of what segmentation base? A) Education. B) Geographic. C) Demographic. D) Psychological. Show Answer Correct Answer: C) Demographic. 54. Mel is about to decide which job to take-using only the facts. As she compares and contrasts information about each job opportunity, Mel is showing that she is aware of which decision-making influence: A) Framing. B) Logic. C) Style. D) Input. Show Answer Correct Answer: B) Logic. 55. Customer is the ..... of the market A) Seller. B) Sympathiser. C) King. D) Servant. Show Answer Correct Answer: C) King. 56. Obtaining the money needed to start and operate a business is a marketing function known as ..... A) Distrubuting. B) Market research. C) Pricing. D) Financing. Show Answer Correct Answer: D) Financing. 57. Eureka Forbes uses its own sales force to reach its prospective customers. Which type of distribution channel is used by Eureka Forbes? A) Zero-level. B) One-Level. C) Three-Level. D) Two-level. Show Answer Correct Answer: A) Zero-level. 58. A financial advisor receives a bonus for selling a certain mutual fund. Her reason for taking this action, which some consider unethical, might be that the action A) Is committed by unethical employees. B) Is acceptable in foreign cultures. C) Is accepted within the industry. D) Benefits the community. Show Answer Correct Answer: C) Is accepted within the industry. 59. Which stage has the highest investment cost A) Introduction. B) Maturity. C) Growth. D) Decline. Show Answer Correct Answer: A) Introduction. 60. Which of the following is a true statement about inexpensive, convenience, self-service products; A) Examples of these products are computers and automobiles. B) Their promotional mix should emphasize personal selling. C) Sales promotion could promote these products successfully. D) None of above. Show Answer Correct Answer: C) Sales promotion could promote these products successfully. ← PreviousNext →Related QuizzesEconomy QuizzesGeneral Knowledge QuizzesMarketing Management Quiz 1Marketing Management Quiz 2Marketing Management Quiz 3Marketing Management Quiz 4Marketing Management Quiz 5Marketing Management Quiz 7Marketing Management Quiz 8Marketing Management Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books