Multiple Choice Questions.: (10 Marks)
Multiple Choice Questions.: (10 Marks)
Multiple Choice Questions.: (10 Marks)
(10 Marks)
execution
selling
strategies
research
Product
an advertisement for the product
a salesperson from a previous visit
problem or need
Satisfied
Dissatisfied
Delighted
Neutral
Specialty Products
Convenience products
Shopping products
Unsought products
Product Approach
Production Approach
Marketing Approach
Selling Approach
6. One of the key tasks of marketers is ____________ and to create consumer perceptions that
the product is worth purchasing.
Consumer
Business-to-business (industrial)
Channel
Institutional
Product Differentiation
Distribution
Cost
Marketing Communication
9. In marketing theory, every contribution from the supply chain adds ________ to the product.
value
costs
convenience
ingredients
10. Listing alternatives that will solve the problem at hand and determining the characteristics of
each occurs during which stage of the final consumer’s decision process?
Information search
Purchase
Evaluation of alternatives
Post purchase
Core product.
Central product.
Fundamental product.
augmented product
12. Anything that can be offered to a market for attention, acquisition, use, or consumption that
might satisfy a want or need is called a(n):
idea.
Demand.
Product.
Service.
13. Anything that can be offered to a market for attention, acquisition, use, or consumption that
might satisfy a want or need is called a(n):
Idea.
Demand.
Product.
Service.
14. Mr. Lopez buys goods and services for use in the production of products that are sold and
supplied to others. Mr. Lopez is involved in ________.
15. The ________ holds that the organization’s task is to determine the needs, wants, and
interests of target markets and to deliver the desired satisfactions more effectively and efficiently
than competitors in a way that preserves or enhances the consumer’s and the society’s well-
being.
customer-centered business
focused business model
societal marketing concept
ethically responsible marketing
16. ________ pricing is the approach of setting a low initial price in order to attract a large
number of buyers quickly and win a large market share.
Market-skimming
Value-based
Market-penetration
Leader
wholesaler
retailer
manufacturer
distributor
17. In marketing theory, every contribution from the supply chain adds ________ to the product.
value
costs
convenience
ingredients
18. The act of trading a desired product or service to receive something of value in return is
known as which key concept in marketing?
product
exchange
production
customer
19. Whether to sell via intermediaries or directly to consumers, how many outlets to sell through,
and whether to control or cooperate with other channel members are examples of decisions
marketers must make about
Promotion
Price
Distribution
Product
20. What is the basic property of a service which makes it different from a product.
Shape
Size
Very expensive
Intangibility