Launching a product in a small part of the market is called:
A. Competitive response
B. Competitive analysis
C. Test marketing
D. None of these
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The concept of achieving maximum profits through increased consumer satisfaction for raised market share focuses on
A. Product
B. Selling
C. Customer
D. Production
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Markets which are organized and regulated by statutory measure are:
A. Regulated markets
B. Unregulated markets
C. World market
D. None of these
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Which of the following are the people who purchase new products almost as soon as the products reach the market?
A. Innovators
B. Late majority
C. Early majority
D. Late adopters
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Match the following in the term of
Strategies with
Examples :
List-I (Strategies)
List-II (Examples)
a. Differential pricing
1. Customer lounges to sit in while waiting for a table at service centres etc.
b. Complimentary service
2. Breakfast service by McDonald's and mini vacation and weekends by hotels
c. Reservation system
3. Low prices for early and evening movies, weekend discounts for car parking rentals
d. Non-peak demand cultivation
4. Airlines, hotels and physicians employ extensively
A. a-1, b-3, c-2, d-4
B. a-4, b-2, c-1, d-3
C. a-2, b-1, c-4, d-3
D. a-3, b-1, c-4, d-2
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. . . . . . . . can be defined as convergence of branding, information dissemination and sales transactions all in one place.
A. E-advertising
B. E-branding
C. E-commerce
D. E-marketing
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In India, which pricing practice is not permissible?
A. Penetrating pricing
B. Skimming pricing
C. Predatory pricing
D. None of the above
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Which one of the following stages of the marketing research process is most expensive?
A. Data analysis
B. Data collection
C. Developing the research plan
D. Report writing
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Which of the following principles is being practised by a company when it makes marketing decisions considering consumers' wants and long-run interests of the company, consumer and the general population?
A. Innovative marketing
B. Consumer-oriented marketing
C. Value marketing
D. Societal marketing
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Most of the money spent on measuring the effectiveness of advertising is spent on
A. Communication response research
B. Pre-testing the advertisements
C. Post-testing the advertisements
D. Sales response research
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. . . . . . . . is also called ambush marketing.
A. Event marketing
B. Morph marketing
C. Guerilla marketing
D. None of these
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Which of the following is not an emotional motive?
A. Vanity
B. Social acceptance
C. Curosity
D. Variety
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Which is the basic form of innovation?
A. Introduction of the novel production process
B. Improvement and development of the existing process
C. Improvement and development of the existing firm
D. All of the above
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Assertion (A): The electronic media has a strong impact on consumer behaviour in India.
Reason (R): Most of the Indian consumers make their decision with the help of electronic media.
A. (A) is correct, but (R) is incorrect
B. (R) is correct, but (A) is incorrect
C. Both (A) and (R) are incorrect
D. Both (A) and (R) are correct
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One reason that idea screening is a critical stage in the new-product development process is that:
A. Product-development costs rise greatly in later stages and the company only wants those products that can succeed
B. Competitors can quickly steal ideas so the company wants only those ideas that can be protected with patents
C. International competition and markets demand that all ideas be culturally sensitive
D. The Federal government carefully monitors each company's idea screening process to make sure no national security matters are at stake
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Which of the following is the correct statement with respect to co-branding?
A. Co-branding is the umbrella branding of goods of a company
B. In co-branding, two or more well-known existing brands are combined into a joint product
C. Co-branding is the process of combining two brands for promoting brand equity
D. All of the above
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In marketing mix, which four P's are covered?
A. Product, Price, Place, Promotion
B. Product, Price, Power, Promotion
C. Product, Price, Penetration, Promotion
D. Product, Price, Positioning, Promotion
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Relationship' in marketing means
A. Relation between buyer and seller
B. Relation between sales person
C. Relation between company and consumers
D. All of the above
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In the course of converting to a marketing oriented company, a company may face which of the following hurdles?
A. Organised resistance
B. Slow learning
C. Fast forgetting
D. All of these
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Which of the following is not a product mix strategy?
A. Trading up
B. Alteration
C. Simplification
D. Value addition
Select an option to see the answer and solution.