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Marketing Coc

The document outlines the requirements for a holistic institutional assessment in Marketing and Sales Management, consisting of 80 multiple choice questions and 5 projects. Trainees must achieve at least 55% by answering 44 theoretical questions correctly and completing all practical tasks to be deemed competent at Level 4. It also details the competencies covered across different NTQF levels and provides a breakdown of the assessment structure and time allocation.

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0% found this document useful (0 votes)
443 views40 pages

Marketing Coc

The document outlines the requirements for a holistic institutional assessment in Marketing and Sales Management, consisting of 80 multiple choice questions and 5 projects. Trainees must achieve at least 55% by answering 44 theoretical questions correctly and completing all practical tasks to be deemed competent at Level 4. It also details the competencies covered across different NTQF levels and provides a breakdown of the assessment structure and time allocation.

Uploaded by

negesaabdi83
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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HOLISTIC INSTITIUTIONAL ASSESSMENT

MARKETING AND SALES MANAGEMENT


Level II- IV
Read carefully
This institutional assessment contains 80 multiple choice questions and 5 projects in
which 20 tasks are found, the trainee must score 55 % or must answer 44 questions
from the theoretical part and must perform all of the practical( project) questions
correctly to be competent on level 4 holistic institutional assessments.
I have read and agreed on the requirements provided above

Candidate Name signature date


ID number SECTION

This assessment will cover the following competencies

NTQF Level II Y N NTQF Level III Y N


LSA MSM2 01 1221 ( ( LSA MSM3 01 1221 ( (
Understand and undertake marketing activities Deliver and Monitor Customers Service
LSA MSM2 02 1221 ( ( LSA MSM3 02 1221 ( (
Determine and Maintain Business Resources Plan and Implement Sales
LSA MSM2 03 1221 ( ( LSA MSM3 03 1221 ( (
Deliver Customer service Coordinate Sales Performance
EIS HNS1 04 1221 ( ( LSA MSM3 04 1221 ( (
Process customer Compliant Handle mail and Use Business Technologies
LSA MSM2 05 1221 ( ( LSA MSM3 05 1221 ( (
Apply Business Technology Apply Point of Sales Procedures
LSA MSM2 05 1221 ( ( LSA MSM3 06 1221 ( (
Merchandise Products Maintain Business Relationship
LSA MSM2 07 1221 ( ( LSA MSM3 07 1221 ( (
Provide Marketing and Promotion Program Produce Market and Sales Documents
LSA MSM2 08 1221 ( ( LSA MSM3 08 1221 ( (

HOLISTIC INSTITUTIONAL ASSESMENT Page 1


ADMAS UNIVERSITY
Apply 5S Procedures Profile Market
( ( LSA MSM3 09 1221 ( (
Analyze and Achieve Sales Targets
( ( LSA MSM3 10 1221 ( (
Conduct Pre-Campaign Testing
( ( LSA MSM3 11 1221 ( (
Optimize Customer and Territory Coverage
( ( LSA MSM3 12 1221 ( (
Prevent and Eliminate MUDA
Make sure you put a mark on the unit of competencies, if you do agree to
take the assessment.

NTQF Level IV Y N NTQF Level IV Y N


LSA MSM4 01 2021 ( ( LSA MSM4 08 2021 ( (
Analyze Consumer Behavior for Markets Organize the Importing and Exporting of Goods
LSA MSM4 02 2021 ( ( LSA MSM4 09 2021 ( (
Conduct Market Research Manage Financial Resources
LSA MSM4 03 2021 ( ( LSA MSM4 10 2021 ( (
Monitor Advertising Determine price for goods and services
LSA MSM4 04 2021 LSA MSM4 11 2021
Present, Secure and Support Sales ( ( Manage distribution Channel ( (
Solutions
LSA MSM4 05 2021 LSA MSM4 12 2021
Plan and market goods and services at ( ( Monitor Implementation of Work Plan ( (
international level
LSA MSM4 06 2021 ( ( LSA MSM4 13 2021 ( (
Conduct Online Transactions Identify and Apply Risk Management
LSA MSM4 07 2021 ( ( ( (
Implement Customer Service Standards
The information provides above is my own.
Candidate Name signature date
ID number SECTION

HOLISTIC INSTITIUTIONAL ASSESSMENT


ITEM PREPARTION TABLE
MARKETING AND SALES MANAGEMENT

HOLISTIC INSTITUTIONAL ASSESMENT Page 2


ADMAS UNIVERSITY
LEVEL: - II-IV
Total Time Allowed 3hrs

N Unit of Competence UC LO’S Questio % of No. of knowledge Practi Time


ns TYPE question questio cal Allow
o
ns ed
. Choi Mat
ce ch

1 Marketing and sales 8 35 Knowled 1O% 10 7 - 2 30


ge/pract MIN
management level II
ical

2 Marketing and sales 12 48 Knowled 40% 40 32 - 7 70


ge/pract MIN
management level III
ical

3 Marketing and sales 13 58 Knowled 50% 50 40 - 11 80


ge/pract MIN
management level IV
ical

Total 33 141 100% 100 80 20 3Hrs


tasks

HOLISTIC INSTITUTIONAL ASSESMENT Page 3


ADMAS UNIVERSITY
1. Which of the following information forms available to the marketing manager can usually be
accessed more quickly and cheaply than other information sources?

A. Marketing intelligence C. Customer profiles

B. Marketing research D. Internal databases

2. All of the following are considered to be drawbacks of local marketing EXCEPT:

A. It can drive up manufacturing and marketing costs by reducing economies of scale.

B. It can create logistical problems when the company tries to meet varied requirements.

C. It can attract unwanted competition.

D. It can dilute the brand's overall image.

3. Cognitive dissonance occurs in which stage of the buyer decision process model?

A. Need recognition D. Post purchase behavior

B. Information search

C. Evaluation of alternatives

4. That the company that overlooks new and better ways to do things will eventually lose customers to
another company that has found a better way of serving customer needs is a major tenet of:

A. Innovative marketing. D. Sense-of-mission marketing.

B. Consumer-oriented marketing.

C. value marketing

5. The biggest or greatest amount of involvement in a foreign market comes through which of the
following?

A. Exporting D. Direct investment

B. Joint venturing

C. Licensing

6. --------is a good offered either free or at low cost as an incentive to buy a product.

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ADMAS UNIVERSITY
A. patronage reward D. premium

B. spiff

C. price pack

7. Setting call objectives is done during which of the following stages of the selling process?

A. Prospecting D. Handling objections

B. Pre approach

C. Approach

8. Pricing to cover variable costs and some fixed costs, as in the case of some automobile
distributorships that sell below total costs, is typical of which of the following pricing objectives?

A. Current profit maximization D. Survival

B. Product quality leadership

C. Market share leadership

9. In determining sales force size, when a company groups accounts into different size classes and
then determines the number of salespeople needed to call on them the desired number of times, it is
called the:

A. Key-size approach. D. Call-service approach.

B. Work-load approach.

C. Product-need approach.

10. ----------is products bought by individuals and organizations for further processing or for use in
conducting a business.

A. Consumer products D. Specialty products

B. Services

C. Industrial products

11. All of the following would be ways to segment within the category of psychographic segmentation
EXCEPT:

A. Social class. B. Occupation.

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ADMAS UNIVERSITY
C. Lifestyle.

D. Personality.

12. The --------is a person within a reference group who, because of special skills, knowledge, personality,
or other characteristics, exerts influence on others.

A. Facilitator D. social role player

B. referent actor

C. opinion leader

13. Describes changes in an individual's behavior arising from experience.

A. Modeling D. Learning

B. Motivation

C. Perception

14. Concerns that the manufacturers of harmful products such as tobacco have influence on lawmakers
to the detriment of the public interest is used as evidence of which criticism of marketing?

A. Too much advertising. D. Too much political power.

B. Too few social goods.

C. Cultural pollution.

15. The Internet evolved from a network created by during the 1960s.

A. the Commerce Department C. Northwestern University

B. the Massachusetts Institute of D. the Defense Department


Technology (MIT)

16. In terms of execution styles, a family seated at the dinner table enjoying the advertised product would
be an example of which of the following types of advertising?

A. Slice of life C. Mood or imagery

B. Lifestyle D. Personality symbol

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ADMAS UNIVERSITY
17. A child in the United States is normally exposed to all of the following values EXCEPT:

A. Achievement and success. D. Collectivism.

B. Activity and involvement.

C. Material comfort.

18. Has contractual authority to sell a manufacturer's entire output.

A. Selling agents D. Purchasing agents

B. Rack jobbers

C. Manufacturer's agents

19. Sellers that handle their own exports are engaged in:

A. Direct exporting. C. Licensing.

B. Indirect exporting. D. contract manufacture

20. More and more salespeople are being evaluated and compensated based on different measures than
in the past. All of the following are illustrations of those measures EXCEPT:

A. Long-term customer satisfaction. C. Full customer service.

B. Competitive predatory pricing D. Retention rates.


performance.

21. Includes practices such as overstating the product's features or performance, luring the customer to
the store for a bargain that is out of stock, or running rigged contests.

A. Deceptive promotion D. Deceptive cost structure

B. Deceptive packaging

C. Deceptive pricing

22. The orange juice manufacturers know that orange juice is most often consumed in the mornings.
However, they would like to change this and make the drink acceptable during other time periods
during the day. Which form of segmentation would they need to work with and establish strategy
reflective of their desires?

HOLISTIC INSTITUTIONAL ASSESMENT Page 7


ADMAS UNIVERSITY
C. occasion segmentation

D. age and life-cycle segmentation

23. The typical method of retail operation used by supermarkets and catalog showrooms is called:

A. Self-service retailing. D. Service-merchandiser.

B. Limited-service retailing.

C. Full-service retailing.

24. A (n) are computerized collections of information obtained from data sources within the company.

A. retrieval systems C. flow diagrams and PERT charts

B. marketing research reports D. internal databases

25. The total number of items that the company carries within its product lines refers to the of the
product mix.

A. Width D. consistency
B. Depth
C. Length

26. The use of price points for reference to different levels of quality for a company's related products is
typical of which product-mix pricing strategy?

A. Optional-product pricing D. Product line pricing

B. Captive-product pricing

C. By-product pricing

27. If a company's objective were to reach masses of buyers that were geographically dispersed at a low
cost per exposure, the company would likely choose which of the following promotion forms?

A. Advertising D. Sales promotion

B. Personal selling

C. Public relations

28. Using a successful brand name to introduce additional items in a given product category under the
same brand name (such as new flavors, forms, colors, added ingredients, or package sizes) is called
a(n):

HOLISTIC INSTITUTIONAL ASSESMENT Page 8


ADMAS UNIVERSITY
C. Multi branding.

D. New brands.

29. Successful service companies focus their attention on both their customers and their employees.
They understand, which links service firm profits with employee and customer satisfaction.

A. internal marketing D. service differentiation

B. service-profit chains

C. interactive marketing

30. -------is quoted as saying that "everyone lives by selling something."

A. Bill Gates D. Henry Ford

B. Robert Louis Stevenson

C. Arthur Miller

31. 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):

A. Idea. D. Service.

B. Demand.

C. Product.

32. The type of sales presentation approach that requires good listening and problem solving skills is
the:

A. Canned approach. D. Critical-thinking approach.

B. Formula approach.

C. Need-satisfaction approach.

33. Yahoo, Info seek, and Excite are all called:

A. Browsers. B. Webcasters.

HOLISTIC INSTITUTIONAL ASSESMENT Page 9


ADMAS UNIVERSITY
C. Search engines.

D. Software.

34. Success depends on how well a company blends its people, organizational structure, decision and
reward systems, and company culture into a cohesive program that supports its strategies.

A. marketing strategy D. marketing implementation

B. marketing control

C. marketing analysis

35. Wal-Mart owned Sam's club is an example of a retail form called a(n):

A. Factory outlet. D. Warehouse club.

B. Super specialty store.

C. Seconds store.

36. Is the general term for a buying and selling process that is supported by electronic means?

A. Internet commerce D. Electronic commerce

B. Web commerce

C. Computer commerce

37. When a company enters a new product category for which its current brand names are not
appropriate, it will likely follow which of the following brand strategies?

A. Product extensions D. New brands

B. Line extensions

C. Brand extensions

38. Consists of dividing a market into distinct groups of buyers on the basis of needs, characteristics, or
behavior who might require separate products or marketing mixes.

A. Product differentiation D. Market positioning

B. Market segmentation

C. Market targeting

HOLISTIC INSTITUTIONAL ASSESMENT Page 10


ADMAS UNIVERSITY
39. Are ads that appear while subscribers are surfing online services or Web sites, including banners,
pop-up windows, "tickers," and "roadblocks."

A. Online infomercials D. Online bullets

B. Online ads

C. Online broadcasts

40. In terms of special product life cycles, a is a basic and distinctive mode of expression.

A. Genre D. Fad

B. Style

C. Fashion

41. Is a principle of enlightened marketing that requires that a company seek real product and marketing
improvements?

A. Innovative marketing D. Sense-of-mission marketing

B. Consumer-oriented marketing

C. Value marketing

42. Many U.S. firms have sought relief from foreign competition by demanding protectionism policies by
the U.S. government. A better way for companies to compete is to expand into foreign markets and:

A. Lower prices. home.

B. Increase promotion both at home and D. Join into cartels at home.


abroad.

C. Continuously improve their products at


43. Is the process of evaluating each market segment's attractiveness and selecting one or more
segments to enter?

A. Mass marketing D. Market positioning

B. Market segmentation

C. Market targeting

HOLISTIC INSTITUTIONAL ASSESMENT Page 11


ADMAS UNIVERSITY
44. It is a fact that there are 24 million left-handed people in the United States, however, most marketers
do not attempt to appeal to or design products for this group because there is little in the way of
census data about this group. Therefore, this group fails in one of the requirements for effective
segmentation. Which of the following is most likely to apply in this case?

A. Actionable D. measurable

B. Substantial

C. Differentiable

45. The fact that services are sold, produced, and consumed at the same time refers to which of the
following service characteristics?

A. Intangibility D. Perishability

B. Inseparability

C. Variability

46. Factors are the most popular bases for segmenting customer groups.

A. Geographic D. Behavioral

B. Demographic

C. Psychographic

47. A manufacturer has four sponsorship options. A is a brand created and owned by a reseller of a
product or service.

A. licensed brand D. co-brand

B. manufacturer's brand

C. private brand

48. When Michael Jordan and Tiger Woods use marketing to promote their careers and improve their
impact and incomes, they are using:

A. Cause-related marketing. C. Nonprofit marketing.

B. Idea marketing. D. Person marketing.

HOLISTIC INSTITUTIONAL ASSESMENT Page 12


ADMAS UNIVERSITY
49. 3M runs a Pollution Prevention Pays program that has led to a substantial reduction in pollution and
costs. This would be an example of responding to which of the following?

A. Nader's raiders. D. International competition.

B. The "green movement."

C. Governmental regulation.

50. When an international seller sells a plant, equipment, or technology to another country and
agrees to take payment in the resulting products, it is called:

A. Barter. D. Like-value exchange.

B. Buy-back.

C. Counter purchase.

51. The stage is the product life cycle that focuses on expanding market and creating product
awareness and trial is the:

A. Decline stage. D. Maturity stage.

B. Introduction stage.

C. Growth stage.

52. Which of the following promotional budget methods wrongly views sales as the cause of
promotion rather than as the result?

A. Affordable method D. Objective-and-task method

B. Percentage-of-Sales method

C. Competitive-parity method

53. If the field sales force has been supplied with new leads(via the telephone)that have been
qualified, they have probably been assisted by:

A. Master salespersons. B. Sales assistants.

HOLISTIC INSTITUTIONAL ASSESMENT Page 13


ADMAS UNIVERSITY
C. Technical support persons.

D. Telemarketers.

54. Is setting the price steps between various products in a product line based on cost
differences between the products, customer evaluations of different features, and
competitors' prices?

A. Optional-product pricing D. By-product pricing

B. Captive-product pricing

C. Product line pricing

55. Rolls Royce uses which of the following distribution formats?

A. Intensive distribution D. Open distribution

B. Exclusive distribution

C. Selective distribution

56. Drop shippers perform which of the following functions?

A. Assumes title and ships coal, lumber, or heavy equipment to a buyer.

B. Stocks the bread rack in a grocery store.

C. Maintains, owns, and stocks a CD display in a grocery store.

D. Sells jewelry out of a catalog.

57. A set of interdependent organizations involved in the process of making a product or


service available for use or consumption by the consumer or business user is called a(n):

A. Retailer. D. Logistics.

B. Wholesaler.

C. Distribution channel.

58. Beliefs and values are open to some degree of change.

A. Crucial B. Core

HOLISTIC INSTITUTIONAL ASSESMENT Page 14


ADMAS UNIVERSITY
C. Primary

D. Secondary

59. According to Engel's law, as income rises:

A. The percentage spent on food rises.

B. The percentage spent on housing increases.

C. The percentage spent on other categories increases.

D. The percentage spent on savings remains constant.

60. The Wheeler-Lea Act gives the Federal Trade Commission the power to regulate:

A. Interstate commerce. D. Competitive advertising of


objective product benefits.
B. Marketing ethics.

C. Unfair and deceptive acts or


practices.

61. In evaluating messages for advertising, telling how the product is better than the competing
brands aims at making the ad:

A. Meaningful. D. Remembered.

B. Distinctive.

C. Believable.

62. When an importing country sets limits on the amount of goods it will accept in certain
product categories it is called a(n):

A. Quota. D. Embargo.

B. Barrier.

C. Tariff.

63. According to the price/quality strategy matrix, when a company overprices its product in
relation to its quality it is considered to be using which type of strategy?

A. Good-value strategy. B. Premium strategy.

HOLISTIC INSTITUTIONAL ASSESMENT Page 15


ADMAS UNIVERSITY
C. Overcharging strategy.

D. Snob strategy.

64. is the practice of adopting policies and developing strategies that both sustain the
environment and produce profits for the company.

A. Environmentalism D. Consumer accountability

B. Environmental sustainability

C. Consumerism

65. . It is an arrangement between two or more than two shipping lines to provide regular
service on certain trade routes at uniform freight rates and common business terms:
A. Break bulk B. Conference lines C. Full Container Load D. Charter services
66. ______ is a large gantry crane used to load and unload containers onto trucks or railway
wagons or to store the containers on top of each other in stacks in a container yard.
A. Transtainer B. Tramp C. Slot D. Parcel
67. . ________is a merchant ship specially designed to transport unpackaged bulk cargo such as
grain, coal, ore, steel coils, and cement in its cargo holds.
A. Charter services B. Conference lines C. Full Container Load D. Bulk carrier
68. . ________include vehicle ferries and cargo ships carrying truck trailers or cars:
A. Roll on/roll off C. Less than Container Load
B. Age/Freight All Kinds D. Non-conference lines
69. _____is a kind of transportation system which is ideal for transporting large volumes of
goods over long distances:
A. Air freight B. Sea freight C. Road freight D. Rail freight:
70. . _____is the process of securing goods for safe journey to the destination country
(produced within one boundary and sold beyond it):
A. Marking C. Packing
B. Stowage D. Transshipment
71. ____means a descriptive name, identification number, instructions, cautions, weight,
specification, or combinations thereof, required on outer packaging of hazardous materials
or dangerous goods.
A. Transshipment C. Packing
B. Stowage D. Marking
72. ______means the proper placement of dangerous goods on board a ship in order to ensure
safety and environmental protection during transport
A. Stowage C. Packing
B. Transshipment D. Marking
73. Identifying and eliminating all unnecessary items

A. Sweeping B. Sorting

HOLISTIC INSTITUTIONAL ASSESMENT Page 16


ADMAS UNIVERSITY
C. Systematizing
D. Standardizing
74. Arranging necessary items in good order and easy access

A. Standardizing D. Sustain
B. Sweeping
C. Systematizing
75. Cleaning workplace thoroughly

A. Sweeping D. Sorting
B. Standardizing
C. Sustain
76. Maintaining high standards of housekeeping and workplace organization at all times

A. Sorting D. Sustaining
B. Sweeping
C. Standardizing
77. Creating a culture wherein all members practice the other 5s

A. Sustaining/self-discipline D. Sorting
B. Sweeping
C. Standardizing

78. One of the following will not be the benefit of 5s implementation.

A. Workplace becomes cleaner and better


B. Space usage is improved
C. Customer complaints are increased
D. Shop floor and office operation becomes safer
79. Which of following is an idea, a service or any combination that is an element of exchange
to satisfy individual or business objectives?
A. Saving B. Product C. Customer D. Placing
80. One is different from others.
A. Specialty B. Shopping C. Unsought D. Installation E. Convenience

Project 1: Present, secure and monitor marketing mises

HOLISTIC INSTITUTIONAL ASSESMENT Page 17


ADMAS UNIVERSITY
Total time for the project 0:20 hours
Project description
Euro-Africa Packing is a company that was established in the year 2020 in Duke City
jointly by Italian and Ethiopian investors to produce packaging materials like Prima
packaging used for businesses that produce perishable items used for merchandise,
food items beverage and plastic containers, glass container and paper bags.

Currently, the company is at the final stage to introduce its newly produced products for
she market test by new customer targets to the buyer both in the domestic and foreign
markets. Let's assume that you are working at Euro-Africa Packaging Company
marketing and sales activities at the supervisory level.

Therefore, based on the scenarios given above you are expected to perform the
following tasks;

TASK I. Monitor Advertising


TASK 2. Manage distribution Channel
TASK 3. Present, Secure and Support Sales Solutions
TASK 4. Understand and undertake marketing activities

Project 2: Plan and market goods and services through online to maintain
business relationship
Total time for the project: 0:30 hours
Project description
Ethiopia has become a preferred destination for foreign direct investment and an
emerging hub for manufacturing in Africa due to its growing economy, excellent climate
conditions, strong guarantee for protection, Abandon and affordable labor, and regional
hub with access to a wide market like Common Market for Eastern and Southern Africa
(CMESA) privilege by the USA Under Africa Growth and Opportunity Acct (AGOA).

By observing the above-mentioned opportunities Foreign Direct Investment (FDI) is


started to establish its business in Ethiopia. From those mentioned All Star Textile
Company is e new FDI Entrant Company established in Debrebrihan City with the export

HOLISTIC INSTITUTIONAL ASSESMENT Page 18


contractual agreement to sell its final textile product 60% abroad and 40% at the local
market.

A company has different departments mention the Production department, Market and
Sales Department, Inspection and Quality Control Department, Purchasing and
Procurement Department.

Let's assume that you are assigned to the Marketing and Sales Management
Department in charge of doing marketing-related activities in the international market.
Therefore, based on the case study given you are expected to perform the following
tasks.

TASK 1. Plan and market goods and services at international level


TASK 2. Conduct Online Transactions
TASK 3. Identify and Apply Risk Management
TASK 4. Maintain Business Relationship
TASK 5. Handle mail and Use Business Technologies
TASK 6. Apply Point of Sales Procedures
TASK 7. Organize the Importing and Exporting of Goods

Project 3: Plan and coordinate implementations of sales targets


Total time for the project: 0:40 hours
Project description
Global Air Line a star Alliance Member is the first-class Air Line in east Africa that
delivers a wide range of services across the world. The company has newly planned to
reform its pricing strategy, financial report management techniques, and marketing and
sales performance management strategies too.
Among the reform plan, the following documents identified as pricing strategies of the
company.
"marketing and sales department identified that the company covers annually 500
miles, costs fixed Birr 6500 per mile, the variable cost of Birr 1250.00 per mile and
planned to earn 10% of profit margin per mile."

HOLISTIC INSTITUTIONAL ASSESMENT Page 19


Task 1. Calculate the following
A. Calculate annual total cost of the company
B. Calculate breakeven point of sales
C. Calculate profit per mile
D. Calculate annual Profit
Task 2. Manage Financial Resources
Task 3. Determine Price for Goods and Services
Task 4. Plan and Implement Sales

Project 4: Profile market and deliver service with standards


Total time for the project: 0:20 hours
Project description
Abyssinia General Business is a business firm located in Oromia regional State Sendafa
town engages in production and selling of different commodities licensed under
Abyssinia General Business to produce textile, leather and furniture products with the
name Abyssinia textile factory, Abyssinia leather factory and Abyssinia Furniture
factory.
To better expand its market coverage and market share the company has planned to
conduct a wide range of market research in profiling its market both at local and
foreign market so as to deliver standard products and service that better attracts and
retain its customers.
Let assume that you are working in the market and sales management department in
charge of doing profiling market, working and delivering standard service to the
company's clients of different categories.
Therefore, based on the above scenarios given, you are expected to perform
/demonstrate the following tasks.
Task l. Implement customer service standards
Task2. Profile market
Task3. Deliver and monitor customer's service
Tast4. Deliver customer service
Project 5. Managing financial resources 0:15 hours
Ashish engineering CO.Ltd manufactures two articles x & y its sales department has
three divisions: west, south & east. Preliminary sales budgets for the year ending 31st
December 2020, based on the assessments of the divisional executives:
Product X west 40,000 unit: south 10,000 units & east 20,000 unit
Product Y west 60,000 units: south 80,000 units & east Nil

HOLISTIC INSTITUTIONAL ASSESMENT Page 20


Sales price XRS 2 & YRS 3 in all areas
Ø Arrangements are made for the extensive advertising of X & Y and it is estimated
that west division sales will increase by 20,000 units.
Ø Arrangements & also made to advertise & distribute product Y in the eastern
area in second half of 2020 when sales are expected to be 100,000 units.
Ø Since the estimated sales of the southern division represent an unsatisfactory
target, it is agreed to increase both the estimates by 10%, Prices for both the
product will be increased by birr 1
Ø A study of experience reveals that a shish engineering CO. Ltd has lost about 5%
of the billed revenue in each annual because of returns (constituting 3% of loss
revenue) allowance & bad debts (2% loss)
Required

Task1. Sales budget

ANSEW SHEET
76
1 26 51
77
2 27 52
78
3 28 53
79
4 29 54
80
5 30 55
6 31
7 32 57
8 33 58
9 34 59
10 35 60
11 36 61
12 37 62
13 38 63
14 39 64
15 40 65

HOLISTIC INSTITUTIONAL ASSESMENT Page 21


16 41 66
17 42 67
18 43 68
19 44 69
20 45 70
21 46 71
22 47 72
23 48 73
24 49 74
25 50 75

Candidate Name signature date


ID number SECTION

ANSWER KEY
1. Which of the following information forms available to the marketing manager can
usually be accessed more quickly and cheaply than other information sources?
· Answer: D. Internal databases
2. All of the following are considered to be drawbacks of local marketing EXCEPT:
· Answer: C. It can attract unwanted competition.
3. Cognitive dissonance occurs in which stage of the buyer decision process model?
· Answer: D. Post-purchase behavior
4. That the company that overlooks new and better ways to do things will eventually lose
customers to another company that has found a better way of serving customer needs
is a major tenet of:
· Answer: C. Value marketing
5. The biggest or greatest amount of involvement in a foreign market comes through
which of the following?
· Answer: D. Direct investment
6. [Blank] is a good offered either free or at low cost as an incentive to buy a product.
· Answer: D. Premium
7. Setting call objectives is done during which of the following stages of the selling
process?
· Answer: B. Pre-approach
8. Pricing to cover variable costs and some fixed costs, as in the case of some

HOLISTIC INSTITUTIONAL ASSESMENT Page 22


automobile distributorships that sell below total costs, is typical of which of the
following pricing objectives?
· Answer: D. Survival
9. In determining sales force size, when a company groups accounts into different size
classes and then determines the number of salespeople needed to call on them the
desired number of times, it is called the:
· Answer: B. Work-load approach
10. [Blank] is products bought by individuals and organizations for further processing or for
use in conducting a business.
· Answer: C. Industrial products
11. All of the following would be ways to segment within the category of psychographic
segmentation EXCEPT:
· Answer: B. Occupation
12. The [blank] is a person within a reference group who, because of special skills,
knowledge, personality, or other characteristics, exerts influence on others.
· Answer: C. Opinion leader
13. [Blank] describes changes in an individual's behavior arising from experience.
· Answer: D. Learning
14. Concerns that the manufacturers of harmful products such as tobacco have influence
on lawmakers to the detriment of the public interest are used as evidence of which
criticism of marketing?
· Answer: D. Too much political power
15. The Internet evolved from a network created by during the 1960s.
· Answer: D. The Defense Department
16. In terms of execution styles, a family seated at the dinner table enjoying the advertised
product would be an example of which of the following types of advertising?
· Answer: A. Slice of life
17. A child in the United States is normally exposed to all of the following values EXCEPT:
· Answer: D. Collectivism
18. [Blank] has contractual authority to sell a manufacturer's entire output.
· Answer: C. Manufacturer's agents
19. Sellers that handle their own exports are engaged in:
· Answer: A. Direct exporting
20. More and more salespeople are being evaluated and compensated based on different
measures than in the past. All of the following are illustrations of those measures
EXCEPT:
· Answer: B. Competitive predatory pricing performance
21. [Blank] includes practices such as overstating the product's features or performance,
luring the customer to the store for a bargain that is out of stock, or running rigged
contests.
· Answer: A. Deceptive promotion
22. The orange juice manufacturers know that orange juice is most often consumed in the
mornings. However, they would like to change this and make the drink acceptable

HOLISTIC INSTITUTIONAL ASSESMENT Page 23


during other time periods during the day. Which form of segmentation would they need
to work with and establish strategy reflective of their desires?
· Answer: C. Occasion segmentation
23. The typical method of retail operation used by supermarkets and catalog showrooms is
called:
· Answer: A. Self-service retailing
24. A(n) [blank] are computerized collections of information obtained from data sources
within the company.
· Answer: D. Internal databases
25. The total number of items that the company carries within its product lines refers to the
[blank] of the product mix.
· Answer: A. Width
26. The use of price points for reference to different levels of quality for a company's
related products is typical of which product-mix pricing strategy?
· Answer: D. Product line pricing
27. If a company's objective were to reach masses of buyers that were geographically
dispersed at a low cost per exposure, the company would likely choose which of the
following promotion forms?
· Answer: A. Advertising
28. Using a successful brand name to introduce additional items in a given product
category under the same brand name (such as new flavors, forms, colors, added
ingredients, or package sizes) is called a(n):
· Answer: A. Line extension
29. Successful service companies focus their attention on both their customers and their
employees. They understand, which links service firm profits with employee and
customer satisfaction.
· Answer: B. Service-profit chains
30. [Blank] is quoted as saying that "everyone lives by selling something."
· Answer: B. Robert Louis Stevenson
31. 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):
· Answer: C. Product
32. The type of sales presentation approach that requires good listening and
problem-solving skills is the:
· Answer: C. Need-satisfaction approach
33. Yahoo, Info seek, and Excite are all called:
· Answer: C. Search engines
34. Successful [blank] depends on how well a company blends its people, organizational
structure, decision and reward systems, and company culture into a cohesive program
that supports its strategies.
· Answer: D. Marketing implementation
35. Wal-Mart owned Sam's Club is an example of a retail form called a(n):
· Answer: D. Warehouse club

HOLISTIC INSTITUTIONAL ASSESMENT Page 24


36. [Blank] is the general term for a buying and selling process that is supported by
electronic means.
· Answer: D. Electronic commerce
37. When a company enters a new product category for which its current brand names are
not appropriate, it will likely follow which of the following brand strategies?
· Answer: D. New brands
38. [Blank] consists of dividing a market into distinct groups of buyers on the basis of
needs, characteristics, or behavior who might require separate products or marketing
mixes.
· Answer: B. Market segmentation
39. [Blank] are ads that appear while subscribers are surfing online services or Web sites,
including banners, pop-up windows, "tickers," and "roadblocks."
· Answer: B. Online ads
40. In terms of special product life cycles, a [blank] is a basic and distinctive mode of
expression.
· Answer: B. Style
41. [Blank] is a principle of enlightened marketing that requires that a company seek real
product and marketing improvements.
· Answer: C. Value marketing
42. Many U.S. firms have sought relief from foreign competition by demanding
protectionism policies by the U.S. government. A better way for companies to compete
is to expand into foreign markets and:
· Answer: C. continuously improves their products at home.
43. [Blank] is the process of evaluating each market segment's attractiveness and selecting
one or more segments to enter.
· Answer: C. Market targeting
44. It is a fact that there are 24 million left-handed people in the United States; however,
most marketers do not attempt to appeal to or design products for this group because
there is little in the way of census data about this group. Therefore, this group fails in
one of the requirements for effective segmentation. Which of the following is most
likely to apply in this case?
· Answer: D. Measurable
45. The fact that services are sold, produced, and consumed at the same time refers to
which of the following service characteristics?
· Answer: B. Inseparability
46. [Blank] factors are the most popular bases for segmenting customer groups.
· Answer: B. Demographic
47. A manufacturer has four sponsorship options. A [blank] is a brand created and owned
by a reseller of a product or service.
· Answer: C. Private brand
48. When Michael Jordan and Tiger Woods use marketing to promote their careers and
improve their impact and incomes, they are using:
· Answer: D. Person marketing

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49. 3M runs a Pollution Prevention Pays program that has led to a substantial reduction in
pollution and costs. This would be an example of responding to which of the following?
· Answer: B. The "green movement."
50. When an international seller sells a plant, equipment, or technology to another country
and agrees to take payment in the resulting products, it is called:
· Answer: B. Buy-back
51. The stage is the product life cycle that focuses on expanding the market and creating
product awareness and trial is the:
· Answer: C. Growth stage
52. Which of the following promotional budget methods wrongly views sales as the cause
of promotion rather than as the result?
· Answer: B. Percentage-of-Sales method
53. If the field sales force has been supplied with new leads (via the telephone) that have
been qualified, they have probably been assisted by:
· Answer: D. Telemarketers
54. [Blank] is setting the price steps between various products in a product line based on
cost differences between the products, customer evaluations of different features, and
competitors' prices.
· Answer: C. Product line pricing
55. Rolls Royce uses which of the following distribution formats?
· Answer: B. Exclusive distribution
56. Drop shippers perform which of the following functions?
· Answer: A. Assumes title and ships coal, lumber, or heavy equipment to a buyer.
57. A set of interdependent organizations involved in the process of making a product or
service available for use or consumption by the consumer or business user is called
a(n):
· Answer: C. Distribution channel
58. [Blank] beliefs and values are open to some degree of change.
· Answer: D. Secondary
59. According to Engel's law, as income rises:
· Answer: C. The percentage spent on other categories increases.
60. The Wheeler-Lea Act gives the Federal Trade Commission the power to regulate:
· Answer: C. Unfair and deceptive acts or practices.
61. In evaluating messages for advertising, telling how the product is better than the
competing brands aims at making the ad:
· Answer: A. Meaningful.
62. When an importing country sets limits on the amount of goods it will accept in certain
product categories it is called a(n):
· Answer: A. Quota.
63. According to the price/quality strategy matrix, when a company overprices its product
in relation to its quality it is considered to be using which type of strategy?
· Answer: D. Snob strategy.
64. [Blank] is the practice of adopting policies and developing strategies that both sustain

HOLISTIC INSTITUTIONAL ASSESMENT Page 26


the environment and produce profits for the company.
· Answer: B. Environmental sustainability.
65. It is an arrangement between two or more than two shipping lines to provide regular
service on certain trade routes at uniform freight rates and common business terms:
· Answer: B. Conference lines.
66. ______ is a large gantry crane used to load and unload containers onto trucks or railway
wagons or to store the containers on top of each other in stacks in a container yard.
· Answer: A. Transtainer.
67. ______ is a merchant ship specially designed to transport unpackaged bulk cargo such
as grain, coal, ore, steel coils, and cement in its cargo holds.
· Answer: D. Bulk carrier.
68. ______ include vehicle ferries and cargo ships carrying truck trailers or cars:
· Answer: A. Roll on/roll off.
69. _____ is a kind of transportation system which is ideal for transporting large volumes of
goods over long distances:
· Answer: D. Rail freight.
70. ____is the process of securing goods for safe journey to the destination country
(produced within one boundary and sold beyond it):
· Answer: C. Packing.
71. ____means a descriptive name, identification number, instructions, cautions, weight,
specification, or combinations thereof, required on the outer packaging of hazardous
materials or dangerous goods.
· Answer: D. Marking.
72. ______means the proper placement of dangerous goods on board a ship to ensure
safety and environmental protection during transport.
· Answer: A. Stowage.
73. Identifying and eliminating all unnecessary items
· Answer: B. Sorting.
74. Arranging necessary items in good order and easy access
· Answer: C. Systematizing.
75. Cleaning the workplace thoroughly
· Answer: A. Sweeping.
76. Maintaining high standards of housekeeping and workplace organization at all times
· Answer: D. Standardizing.
77. Creating a culture wherein all members practice the other 5s
· Answer: A. Sustaining/self-discipline.
78. One of the following will not be the benefit of 5s implementation.
· Answer: C. Customer complaints are increased.
79. Which of the following is an idea, a service, or any combination that is an element of
exchange to satisfy individual or business objectives?
· Answer: B. Product.
80. One is different from others.
· Answer: D. Installation.

HOLISTIC INSTITUTIONAL ASSESMENT Page 27


1. **Answer: D. Internal databases**

Justification: Internal databases typically consist of information collected and stored


by the organization itself, such as sales records, customer interactions, and inventory data.
Accessing this information is usually quicker and cheaper compared to other sources like
marketing intelligence, marketing research, or customer profiles, which may require external
data collection or analysis.

2. **Answer: D. It can dilute the brand's overall image.**

Justification: Local marketing typically involves tailoring marketing efforts to specific


localities or regions. While it may pose challenges such as logistical issues and increased
costs, it generally strengthens the brand's connection to local communities rather than diluting
its overall image.

3. **Answer: D. Post purchase behavior**

Justification: Cognitive dissonance refers to the discomfort experienced by a


consumer after making a purchase decision, especially for expensive or important items. It
occurs in the post-purchase behavior stage as the buyer reflects on whether the purchase
decision was the right one.

4. **Answer: A. Innovative marketing**

Justification: The principle described aligns closely with innovative marketing, which
emphasizes finding new and better ways to serve customer needs. It highlights the importance
of continuous improvement and adaptation to remain competitive in the market.

5. **Answer: D. Direct investment**

Justification: Direct investment involves the highest level of involvement in a foreign


market, as it entails establishing operations or acquiring assets in the foreign market. This can
include setting up subsidiaries, factories, or distribution networks.

HOLISTIC INSTITUTIONAL ASSESMENT Page 28


6. **Answer: D. Premium**

Justification: A premium is a good offered either free or at a low cost as an incentive


to buy a product. It adds value to the purchase and encourages consumers to make a buying
decision.

7. **Answer: B. Pre-approach**

Justification: Setting call objectives typically occurs during the pre-approach stage of
the selling process. This stage involves preparing for the sales call by researching the prospect,
setting objectives, and planning the approach strategy.

8. **Answer: D. Survival**

Justification: Pricing to cover variable costs and some fixed costs, even if it means
selling below total costs, is a strategy employed by companies aiming for survival. It helps
them generate enough revenue to cover essential expenses and stay operational during
challenging times.

9. **Answer: B. Work-load approach**

Justification: The work-load approach involves grouping accounts into different size
classes and determining the number of salespeople needed to call on them the desired number
of times. It focuses on distributing the sales force efficiently based on the workload of different
accounts.

10. **Answer: C. Industrial products**

Justification: Industrial products are bought by individuals and organizations for


further processing or use in conducting business operations. They include raw materials,
components, and supplies used in manufacturing or business activities.

11. **Answer: B. Occupation**

Justification: Psychographic segmentation involves dividing markets based on


lifestyle, values, attitudes, and personality traits. Occupation is typically considered a
demographic factor rather than a psychographic one.

12. **Answer: C. Opinion leader**

Justification: An opinion leader is a person within a reference group who, due to


special skills, knowledge, personality, or other characteristics, exerts influence on others'

HOLISTIC INSTITUTIONAL ASSESMENT Page 29


opinions and behaviors.

13. **Answer: D. Learning**

Justification: Learning refers to changes in an individual's behavior arising from


experience. It involves acquiring new knowledge, skills, or responses through experience, which
can influence future behavior.

14. **Answer: D. Too much political power**

Justification: Concerns about manufacturers of harmful products influencing


lawmakers to the detriment of public interest relate to the criticism of marketing having too
much political power. It reflects worries about the undue influence of corporations on
government policy-making processes.

15. **Answer: D. the Defense Department**

Justification: The Internet evolved from a network created by the Defense Department
during the 1960s, known as ARPANET. It was initially developed for military purposes but later
expanded into a global network for communication and information exchange.

16. **Answer: A. Slice of life**

Justification: Slice of life advertising portrays scenes from everyday life, often
featuring characters using the advertised product in a realistic context, such as a family
enjoying a meal together.

17. **Answer: D. Collectivism**

Justification: Collectivism, which emphasizes the importance of the group over the
individual, is not typically a value promoted in the United States. American culture generally
values individualism, achievement, and personal success.

18. **Answer: C. Manufacturer's agents**

Justification: Manufacturer's agents have contractual authority to sell a


manufacturer's entire output. They act as intermediaries who represent the manufacturer in
selling products to customers.

19. **Answer: A. Direct exporting**

HOLISTIC INSTITUTIONAL ASSESMENT Page 30


Justification: Direct exporting refers to the process in which a company handles its
own exports, selling products directly to customers in foreign markets without intermediaries or
middlemen.

20. **Answer: B. Competitive predatory pricing performance**

Justification: Competitive predatory pricing performance is not typically used as a


measure for evaluating and compensating salespeople. Instead, salespeople are often
assessed based on factors like long-term customer satisfaction, retention rates, and full
customer service.

21. **Answer: A. Deceptive promotion**

Justification: Deceptive promotion involves misleading or false advertising practices,


such as overstating product features, running rigged contests, or bait-and-switch tactics.

22. **Answer: C. Occasion segmentation**

Justification: Occasion segmentation involves dividing the market based on when


consumers purchase or use a product. In this case, the orange juice manufacturers would focus
on changing consumer behavior regarding the occasions when orange juice is consumed.

23. **Answer: A. Self-service retailing**

Justification: Self-service retailing is the typical method of retail operation used by


supermarkets and catalog showrooms. Customers select and purchase products themselves
without assistance from sales personnel.

24. **Answer: D. Internal databases**

Justification: Internal databases are computerized collections of information


obtained from data sources within the company. They serve as valuable repositories of
customer data, sales records, and other internal information.

25. **Answer: B. Depth**

Justification: The depth of the product mix refers to the total number of items within
the product lines. It indicates the variety of products offered within each product line.

26. **Answer: D. Product line pricing**

HOLISTIC INSTITUTIONAL ASSESMENT Page 31


Justification: Product line pricing involves setting price points for different products
within a product line based on cost differences, customer perceptions, and competitors' prices.

27. **Answer: A. Advertising**

Justification: Advertising is a promotion form suitable for reaching masses of


geographically dispersed buyers at a low cost per exposure. It allows companies to
communicate their messages to a broad audience through various media channels.

28. **Answer: A. Line extension**

Justification: Line extension refers to using a successful brand name to introduce


additional items in a given product category under the same brand name. It involves adding
new flavors, forms, colors, or package sizes to an existing product line.

29. **Answer: B. Service-profit chains**

Justification: Service-profit chains represent the link between employee satisfaction,


customer satisfaction, and company profitability. Successful service companies focus on both
customer and employee satisfaction to achieve long-term profitability.

30. **Answer: B. Robert Louis Stevenson**

Justification: The quote "everyone lives by selling something

" is attributed to Robert Louis Stevenson, emphasizing the universal aspect of sales and
persuasion in everyday life.

31. **Answer: C. Product**

Justification: A product is anything that can be offered to a market for attention,


acquisition, use, or consumption, satisfying a want or need. It encompasses tangible goods,
services, experiences, events, persons, places, properties, organizations, information, and
ideas.

32. **Answer: C. Need-satisfaction approach**

Justification: The need-satisfaction approach to sales presentation focuses on


identifying and addressing the customer's needs and problems. It requires active listening,
problem-solving skills, and a customer-centric approach.

HOLISTIC INSTITUTIONAL ASSESMENT Page 32


33. **Answer: C. Search engines**

Justification: Yahoo, Infoseek, and Excite are examples of search engines, which are
online tools used to search for information on the internet. They help users find relevant
websites, pages, or documents based on specific keywords or queries.

34. **Answer: D. Marketing implementation**

Justification: Successful marketing implementation depends on effectively blending


people, organizational structure, decision systems, and company culture into a cohesive
program that supports marketing strategies. It involves executing marketing plans and
initiatives to achieve strategic objectives.

35. **Answer: D. Warehouse club**

Justification: Sam's Club, owned by Walmart, is an example of a warehouse club retail


format. Warehouse clubs offer bulk quantities of products to members at discounted prices in
large warehouse-like facilities.

36. **Answer: D. Electronic commerce**

Justification: Electronic commerce refers to the buying and selling of goods and
services, or the transmitting of funds or data, over an electronic network, primarily the internet.
It encompasses a wide range of online transactions and activities.

37. **Answer: D. New brands**

Justification: When a company enters a new product category for which its current
brand names are not appropriate, it may choose to introduce new brands rather than extending
existing brands. This strategy helps differentiate products and target new market segments
effectively.

38. **Answer: B. Market segmentation**

Justification: Market segmentation involves dividing a market into distinct groups of


buyers based on their needs, characteristics, behaviors, or other factors. It helps companies
identify and target specific customer segments with tailored marketing strategies.

39. **Answer: B. Online ads**

HOLISTIC INSTITUTIONAL ASSESMENT Page 33


Justification: Online ads refer to advertisements that appear while subscribers are
surfing online services or websites, including banners, pop-up windows, tickers, and
roadblocks. They are designed to attract attention and drive traffic to a specific website or
landing page.

40. **Answer: B. Style**

Justification: Style refers to a basic and distinctive mode of expression in terms of


special product life cycles. It encompasses the aesthetic or design elements that distinguish a
product or brand from others in the market.

41. **Answer: C. Value marketing**

Justification: Value marketing is a principle of enlightened marketing that requires


companies to seek real product and marketing improvements. It emphasizes delivering
superior value to customers through continuous improvement and innovation.

42. **Answer: C. Continuously improve their products at home**

Justification: Instead of seeking protectionist policies, companies can compete more


effectively in foreign markets by expanding into those markets and continuously improving their
products at home. This approach focuses on enhancing competitiveness and meeting
customer needs globally.

43. **Answer: C. Market targeting**

Justification: Market targeting involves evaluating each market segment's


attractiveness and selecting one or more segments to enter. It requires assessing segment
size, growth potential, competitive intensity, and compatibility with the company's objectives
and resources.

44. **Answer: D. Measurable**

Justification: Effective segmentation criteria should be measurable, meaning that the


size and purchasing power of the segment can be quantified and evaluated. This allows
companies to assess the segment's viability and potential profitability accurately.

45. **Answer: B. Inseparability**

Justification: Inseparability refers to the characteristic of services being produced


and consumed simultaneously. It means that services are typically created and consumed at

HOLISTIC INSTITUTIONAL ASSESMENT Page 34


the same time, often involving direct interaction between the service provider and the customer.

46. **Answer: B. Demographic**

Justification: Demographic factors, such as age, gender, income, education, and


occupation, are popular bases for segmenting customer groups. They provide readily
identifiable and measurable characteristics for dividing markets.

47. **Answer: C. Private brand**

Justification: A private brand, also known as a store brand or private label, is a brand
created and owned by a reseller of a product or service. It is typically sold exclusively by the
retailer under its own brand name.

48. **Answer: D. Person marketing**

Justification: Person marketing involves promoting individuals, such as celebrities or


public figures, to enhance their public image and reputation. Examples include athletes,
entertainers, and professionals who use marketing to promote their careers and personal
brands.

49. **Answer: B. The "green movement"**

Justification: Responding to pollution concerns and adopting environmentally friendly


practices aligns with the goals of the "green movement," which advocates for environmental
conservation and sustainability.

50. **Answer: C. Counter purchase**

Justification: Counter purchase involves an international seller selling goods,


equipment, or technology to another country and agreeing to take payment in the resulting
products. It is a form of international trade arrangement often used when conventional payment
methods are impractical.

51. **Answer: B. Introduction stage**

Justification: The introduction stage of the product life cycle focuses on expanding
the market and creating product awareness and trial. It involves launching the product, building
brand awareness, and encouraging initial adoption among consumers.

HOLISTIC INSTITUTIONAL ASSESMENT Page 35


52. **Answer: B. Percentage-of-Sales method**

Justification: The percentage-of-sales method for promotional budgeting wrongly


views sales as the cause of promotion rather than as the result. It sets the promotional budget
as a fixed percentage of past or projected sales, without considering the actual goals or
objectives of the promotional campaign.

53. **Answer: D. Telemarketers**

Justification: Telemarketers are individuals or teams responsible for making sales


calls or generating leads via telephone. They assist the field sales force by qualifying leads and
setting appointments for sales presentations.

54. **Answer: C. Product line pricing**

Justification: Product line pricing involves setting price steps between various
products in a product line based on cost differences, customer evaluations, and competitors'
prices. It helps companies capture value from different customer segments and maximize
profitability.

55. **Answer: B. Exclusive distribution**

Justification: Rolls-Royce typically uses exclusive distribution, which involves limiting


the number of intermediaries or retailers authorized to sell its products. This strategy helps
maintain brand exclusivity and control over the distribution channel.

56. **Answer: A. Assumes title and ships coal, lumber, or heavy equipment to a buyer**

Justification: Drop shippers are intermediaries who take title of the goods but do not
physically handle, stock, or deliver them. Instead, they arrange for the shipment of goods
directly from the manufacturer or supplier to the buyer.

57. **Answer: C. Distribution channel**

Justification: A distribution channel, also known as a marketing channel, is a set of


interdependent organizations involved in the process of making a product or service available
for use or consumption by the consumer or business user.

58. **Answer: D. Secondary**

Justification: Beliefs and values that are open to some degree of change are
considered

HOLISTIC INSTITUTIONAL ASSESMENT Page 36


secondary in nature. They may be influenced by various factors, such as social
interactions, experiences, and exposure to new information.

59. **Answer: C. The percentage spent on other categories increases**

Justification: According to Engel's law, as income rises, the percentage spent on


necessities like food and housing decreases, while the percentage spent on other categories,
such as leisure, luxury goods, and investments, increases.

60. **Answer: C. Unfair and deceptive acts or practices**

Justification: The Wheeler-Lea Act empowers the Federal Trade Commission to


regulate unfair and deceptive acts or practices in interstate commerce. It aims to protect
consumers from deceptive advertising and marketing practices.

61. **Answer: B. Distinctive**

Justification: Advertising messages that emphasize how a product is better than


competing brands aim to make the ad distinctive. This approach highlights unique selling
propositions or competitive advantages to capture consumer attention and differentiate the
brand.

62. **Answer: A. Quota**

Justification: A quota is a trade barrier that sets limits on the quantity or value of
specific goods that can be imported or exported within a given period. It aims to restrict the
volume of foreign goods entering a domestic market.

63. **Answer: D. Snob strategy**

Justification: According to the price/quality strategy matrix, when a company


overprices its product relative to its quality, it is considered to be using a snob strategy. This
approach targets affluent or status-conscious consumers who are willing to pay a premium for
exclusivity or perceived luxury.

64. **Answer: B. Environmental sustainability**

Justification: Environmental sustainability involves adopting policies and strategies


that support both environmental conservation and business profitability. It focuses on
minimizing environmental impact while meeting the needs of current and future generations.

HOLISTIC INSTITUTIONAL ASSESMENT Page 37


65. **Answer: B. Conference lines**

Justification: Conference lines refer to an arrangement between two or more shipping


lines to provide regular service on certain trade routes at uniform freight rates and common
business terms. This collaboration helps ensure consistent and reliable shipping services.

66. **Answer: A. Transtainer**

Justification: A transtainer is a large gantry crane used to load and unload containers
onto trucks, railway wagons, or to store containers in stacks in a container yard. It plays a
crucial role in container handling and logistics operations.

67. **Answer: D. Bulk carrier**

Justification: A bulk carrier is a merchant ship specially designed to transport


unpackaged bulk cargo, such as grain, coal, ore, steel coils, and cement, in its cargo holds. It is
commonly used for transporting large quantities of raw materials or commodities.

68. **Answer: A. Roll on/roll off**

Justification: Roll on/roll off (Ro-Ro) ships include vehicle ferries and cargo ships that
carry trucks, trailers, or cars. They are designed with ramps or platforms for easy loading and
unloading of wheeled cargo.

69. **Answer: D. Rail freight**

Justification: Rail freight refers to the transportation of goods by rail, utilizing trains to
move large volumes of cargo over long distances. It is an efficient mode of transportation for
bulky or heavy goods over land.

70. **Answer: C. Packing**

Justification: Packing involves securing goods for safe transport to the destination
country. It includes activities such as packaging, labeling, and preparing goods for shipment,
ensuring they arrive intact and undamaged.

71. **Answer: D. Marking**

Justification: Marking refers to descriptive information, such as a name, identification


number, instructions, cautions, weight, or specifications, required on the outer packaging of

HOLISTIC INSTITUTIONAL ASSESMENT Page 38


hazardous materials or dangerous goods. It helps ensure safe handling and transportation.

72. **Answer: A. Stowage**

Justification: Stowage involves the proper placement of dangerous goods on board a


ship to ensure safety and environmental protection during transport. It includes securing and
arranging cargo in designated areas to prevent shifting or damage.

73. **Answer: B. Sorting**

Justification: Sorting is the first step in the 5S methodology, involving identifying and
eliminating all unnecessary items from the workplace. It helps create a clutter-free and
organized environment conducive to efficiency and productivity.

74. **Answer: C. Systematizing**

Justification: Systematizing in the 5S methodology involves arranging necessary


items in good order and easy access. It ensures that tools, materials, and equipment are
systematically organized for efficient workflow and operations.

75. **Answer: A. Sweeping**

Justification: Sweeping in the 5S methodology involves cleaning the workplace


thoroughly to remove dirt, debris, and hazards. It helps maintain a clean and safe environment
for employees and supports overall workplace hygiene.

76. **Answer: D. Sustaining**

Justification: Sustaining, also known as self-discipline, in the 5S methodology


involves maintaining high standards of housekeeping and workplace organization at all times. It
requires ongoing commitment and adherence to 5S principles by all members of the
organization.

77. **Answer: A. Sustaining/self-discipline**

Justification: Sustaining or self-discipline in the 5S methodology involves creating a


culture where all members practice the other 5S principles consistently. It fosters a mindset of
continuous improvement and accountability for maintaining a clean and organized workplace.

78. **Answer: C. Customer complaints are increased**

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Justification: Implementing the 5S methodology typically results in benefits such as a
cleaner and better workplace, improved space usage, increased safety, and enhanced
operational efficiency. It is unlikely to lead to an increase in customer complaints, as it focuses
on improving quality and customer satisfaction.

79. **Answer: B. Product**

Justification: In the context of marketing, a product refers to an idea, a service, or any


combination thereof that can be offered to a market to satisfy a want or need. It encompasses
tangible goods, intangible services, and experiences.

80. **Answer: D. Installation**

Justification: Installation is different from the other options because it refers to a


specific type of product category rather than a classification based on consumer buying
behavior. Installation products require assembly or setup and are typically purchased for
long-term use, such as appliances or equipment installed in homes or businesses."

HOLISTIC INSTITUTIONAL ASSESMENT Page 40

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