The creation of a successful new product depends on a company's understanding of its . . . . . . . . and its ability to deliver . . . . . . . . to customers.
A. product life cycle, legal responsibilities, and social responsibilities; innovations
B. competitors, distributors, and employees; new styles
C. product, marketing mix, and marketing strategy; functional features
D. customers, competitors, and markets; superior value
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Which of the following is not a limitation of branding?
A. It is expensive
B. It reduces selling efforts
C. It promotes unfair competition
D. It leads to brand monopoly
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Social marketing concept is based upon
A. large target market with active buyers
B. customer satisfaction and customer welfare
C. realisation of maximum profit through service of society
D. None of the above
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34% of the customers who fall in one of the categories of diffusion process who are deliberate customers to accept an innovation just before the average adopter in a social system. Such customers who are above average in social and economic measures, rely quite a bit on advertisements and salesmen are known as
A. early adopters
B. early majority
C. late majority
D. late adopters
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In the . . . . . . . . stage, the firm faces a trade-off between high market share and high current profit.
A. Maturity
B. Introduction
C. Growth
D. Decline
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. . . . . . . . reduce the demand for a product or service on a temporary or permanent basis.
A. Counter marketing
B. Mega marketing
C. Demarketing
D. None of these
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Which of the following is not included in the micro environment?
A. Suppliers
B. Publics
C. Economic
D. Customers
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Who plays a significant role in the distribution of goods when they do not sell to ultimate users or consumers?
A. Retailer
B. Wholesaler
C. Mediator
D. Commission agent
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Additional brands in the same product category that are able to access sub-segments with different price points or buying motives, are called as
A. Brand extension
B. Multi-brands
C. Line extensions
D. Cobrands
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When competing firms in the same industry unit promote their product as a whole, their advertising is best described as
A. primary demand advertising
B. institutional advertising
C. trade advertising
D. indirect demand advertising
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For frequently purchased products, . . . . . . . . is critical to success because of the lack of new, untapped buyers.
A. trial
B. repeat buying
C. brand awareness
D. brand equity
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What is mass marketing?
A. Offering the same products and marketing mix to all consumers
B. Offering variety of products to the entire market
C. Offering differentiated products to all customers
D. Following concentrated marketing strategy
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The stage of the PLC characterized by overcapacity, greater competition, and the eventual elimination of weaker competitors is called the:
A. Decline stage
B. Introduction stage
C. Growth stage
D. Maturity stage
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The price of a product must be relevant to the
A. utility or satisfaction it delivers to buyers
B. amount of profit the sellers can obtain
C. availability of substitutes
D. None of the above
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Which of the following are outside the scope of the Consumer Protection Act, 1986?
A. Newspaper industry
B. Services provided under contract of personal service
C. Banking industry
D. Both A and B
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Press release is a part of
A. Public relations
B. Advertising
C. Sales promotion
D. None of the above
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Among the tools of TQM, the tool ordinarily used to aid in understanding the sequence of events through which a product travel is a . . . . . . . .
A. pareto chart
B. flow chart
C. check sheet
D. taguchi chart
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What would be the proper definition of business objective
A. Creation of new customers
B. Maximum profit receipt
C. Social service
D. Increase in the assets of the firm
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Which is not one of the stages in the consumer buying-decision process?
A. Purchase decision
B. Post-purchase behaviour
C. Problem recognition
D. Cultural factors
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Which of these are related with Maslow's basic need theory?
A. Esteemed need
B. Seller's need
C. Distributor's need
D. None of these
Select an option to see the answer and solution.