Chapter 1, 2 With More MCQs
Chapter 1, 2 With More MCQs
Chapter 1, 2 With More MCQs
Marketing: Set of processes for creating, communicating, delivering and exchanging offerings
that have value for: Customers, clients, partners, and society at large
Value: Customer’s perception of benefits against the costs of acquiring and consuming it.
(Benefits Vs Cost)
1. Be knowledgeable about the issues and options of each element of the mix
2. Know how to combine the elements to form an effective marketing program
3. Analyze the market and use the data
Integrated Marketing Communications (IMC)
**Coordinate various promotional elements that communicate with a firm’s customers
Criticism - Inside-out marketing approach: Packs promotional mix elements together, making
them look and sound.
Contemporary perspective
Goal - Generate short-term financial returns and build long-term brand and
shareholder value
Promotional Mix
Set of Tools that are used by a company to accomplish communication objectives
Includes: Advertising, Direct Marketing, Digital/internet marketing, sales promotion,
publicity/public relations, personal selling.
• Primary demand: Stimulates demand for the general product class or entire
industry
• Selective demand: Creates demand for a specific
Business-to-business advertising: Targets individuals who buy or influence the
purchasing
Professional advertising: Targets professionals, encouraging them to use
product
Direct-response advertising
i. Encourages the consumer to purchase directly from the manufacturer
Example Apple U.S.
activities that provide extra value or incentives to the: Sales force, Distributors
Elements such as situation analysis, setting objectives, targeting markets, and implementing
the marketing mix.
MCQ QUESTIONS
1. What is the main goal of marketing?
a) To create profits for the company.
b) To create and exchange offerings with value for customers, partners, and society.
c) To reduce production costs.
d) To develop products without customer feedback.
Answer: b
9. Which element of the promotional mix focuses on maintaining a positive public image?
a) Advertising.
b) Public Relations.
c) Direct Marketing.
d) Sales Promotion.
Answer: b
11. Which analysis focuses on the firm’s customers, competitors, and market environment?
a) Internal analysis.
b) Performance analysis.
c) External analysis.
d) Brand analysis.
Answer: c
Example: Launching new products tailored to specific cultural events (e.g., Pepsi with
tamarhindi flavor for Ramadan).
Competitive Analysis
Dividing markets into distinct groups with common needs, who respond similarly to a
marketing situation.**
**based on:
**Selecting Target Market: Determine how many segments to enter and which segments offer
the most potential
بتاعت المنتج ليه او اركز علي التنافس زي برسيل احسنbenefits» يا اما هركز مع العميل اني ربط ال
.من اريل
Approaches
• Focusing on the consumer: Linking the product with the benefits
• Focusing on competition: Positions the product by comparing the benefit it offers versus
the competition
Positioning strategies:
Positioning by product attributes or benefits: Distinctive product features.
o Sets apart from competitors based on specific characteristics or benefits offered
o Salient attributes: for making a purchase decision
Repositioning
• Changing the perception of a product or brand due to: Stagnant or declining sales and
New market opportunities (MOA).
Product Decisions
• Product symbolism: What the product means to consumers (e.g., Red Bull represents
energy).
Pricing Decisions
Price variable - Refers to what the consumer must give in exchange for a purchase
Determined by:
• Advertisting
• Costs of production.
• Indirect Channels: Involves intermediaries like wholesalers and retailers (e.g., Coca-
Cola distribution, Pepsi).
Promotional Strategies
» Push Strategy: Encourages intermediaries to stock and promote products.
» Pull Strategy: Drives consumer demand to request the product from retailers.
Promotional Push Strategies
Trade advertising: Used to motivate intermediaries to purchase products for resale Ex:
V-Cola
Promotional Pull Strategies بصرف فقط علي العميل اخلي هو الي يجيلي
Spending money on advertising and sales promotion efforts directed toward the ultimate
consumer
Goal
MCQ QUESTIONS
1. What does a Strategic Marketing Plan guide?
a) Geographic segmentation.
b) Psychographic segmentation.
c) Behavioral segmentation.
d) Corporate segmentation.
Answer: d
a) Wholesalers.
b) Retailers.
c) Online telemarketing by the company.
d) Third-party distributors.
Answer: c
MCQs
True/False Questions
1. Market segmentation divides a market into groups based on common needs and
responses to marketing efforts.
True
2. Competitive analysis helps a firm identify its weaknesses in entering saturated markets.
False (It identifies competitive advantages, not weaknesses).
10. Cultural symbols are often used in branding to make products more identifiable.
True