Which of the following are the elements of product positioning?
A. The Product
B. The Company
C. The Consumer
D. All of these
Select an option to see the answer and solution.
Among the four P's of marketing, 'place' includes
A. types of intermediaries
B. public relation
C. location of cutlets
D. Both A and C
Select an option to see the answer and solution.
DRP stands for
A. Distribution requirement planning
B. Dividend requirement planning
C. Distribution resource planning
D. Distribution reverse planning
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Match the following.
List-I
List-II
a. Scrambled lines
1. Super markets selling non-food items.
b. Pipelines
2. A major means of transporting goods to market.
c. Wholesalers
3. Marketing institutions buying goods and reselling them to retailers other wholesaler or industrial users.
d. Brokers
4. Bringing buyer and seller together, but do not take title of goods.
A. a-2, b-1, c-3, d-4
B. a-1, b-2, c-3, d-4
C. a-4, b-2, c-3, d-1
D. a-3, b-2, c-4, d-1
Select an option to see the answer and solution.
Which of the following is/are not sales promotion tool(s)?
A. News article
B. Premium
C. Coupons
D. Contests
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The act of creating an image about a product or brand in the consumers mind is known as . . . . . . . .
A. Positioning
B. Target marketing
C. Market segmentation
D. Product differentiation
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Under what circumstances might it be wise for a company to do little or no test marketing?
A. When management is not sure of the marketing program
B. When the costs of developing and introducing the product are low
C. When the product has no substitutes and is new in its category
D. When management is not sure of the product
Select an option to see the answer and solution.
Advertising budget is influenced by which of the following factors?
1. Type of product advertised
2. Size of the market
3. Demographic condition
4. Sales volume
Select the correct answer using the options given below
A. 1, 2 and 3
B. 1, 2 and 4
C. Only 3
D. All of the above
Select an option to see the answer and solution.
The habit of the people to analyse the information completely and interpreting, it is called as
A. self-actualisation
B. selective attention
C. selective distortion
D. selective retention
Select an option to see the answer and solution.
ABC Company priced the product as of Rs. 19.99 instead of Rs. 20. Which of the following pricing techniques is ABC Company using?
A. Dodging pricing
B. Deceptive pricing
C. Premium pricing
D. Psychological pricing
Select an option to see the answer and solution.
According to Peter Drucker, the focus of a business is not . . . . . . . . but . . . . . . . .
A. customers, profits
B. profits, customers
C. profits, new markets
D. new markets, customers
Select an option to see the answer and solution.
Which of the following statements are incorrect?
Statement (I): As a consumer's income increases, the percentage of income spent for food and sundry items decreases, whereas the percentage of income spent for rent, fuel, electricity and clothing remains the same.
Statement (II): The societal marketing period was from 1960 onwards.
Statement (III): Our debt to social anthropology decreases more and more as we use qualitative market research approaches.
Statement (IV): The economic concepts of perfect competition and matching of supply and demand underlie the marketing concept, particularly in relation to the concepts of the price at which goods are sold and quantity distributed.
A. (I) and (II)
B. (II) and (III)
C. (II) and (IV)
D. (I) and (IV)
Select an option to see the answer and solution.
Assertion (A) According to the concept of product life cycle, a company should begin a search for new products during stage.
Reason (R) The growth stage is the time in which a company should begin to search for new products.
A. Both (A) and (R) are true
B. Both (A) and (R) are false
C. (A) is true, but (R) is false
D. (R) is true, but (A) is false
Select an option to see the answer and solution.
Which one of the following would not generally be considered as an aspect of operations management?
A. Work methods
B. Secure financial resources
C. Maintain quality
D. Product or service design
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A common market is one where
A. all the trading nations agree commonly to levy a common and uniform tariff rate for all goods
B. all the trading nations agree commonly to rationalise tariff and non-tariff barriers mutually to promote intra-region trade
C. there is a customs union along with free intra-union movement of factors of production
D. there is an economic union along with free intra-union movement of residents
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Which of the following is not a type of direct marketing?
A. Direct mail marketing
B. Retail marketing
C. Telemarketing
D. Email direct marketing
Select an option to see the answer and solution.
Sales are declining, profits are also declining & competition is increasing. These indicate that the product may be in:
A. Introduction stage
B. Decline stage
C. Growth stage
D. Maturity stage
Select an option to see the answer and solution.
The . . . . . . . . and . . . . . . . . are the two elements of marketing strategy that determine the success of a product in the market place.
A. target market, price
B. target market, product
C. product, price
D. None of the above
Select an option to see the answer and solution.
The PLC concept can be applied by marketers as a useful framework for describing how . . . . . . . .
A. Product ideas are developed
B. Products and markets work
C. To develop marketing strategies
D. Concept testing is conducted
Select an option to see the answer and solution.
Low-interest financing and longer warranties are both examples of . . . . . . . .
A. Allowances
B. Promotional pricing
C. Discounts
D. Segmented pricing
Select an option to see the answer and solution.