Which one of the following is not the mode of direct distribution system?
A. Trading mediators
B. Vending machines
C. Own sales depot
D. Franchise shops
Select an option to see the answer and solution.
Which method of setting advertising budget is most scientific and logical?
A. All-you-can afford method
B. Competitive parity method
C. Objective-and-task method
D. Percentage-of-sales method
Select an option to see the answer and solution.
Like New Products want to improve its packaging after reading customer responses to its customer opinion poll. Which is not a function of packaging?
A. Its purpose is to contain and protect the product
B. It contains the brand mark
C. It protects children
D. It determines product quality
Select an option to see the answer and solution.
Which one of the following demands states consumers are adequately buying all the products put into the marketplace?
A. Overfull demand
B. Full demand
C. Irregular demand
D. Latent demand
Select an option to see the answer and solution.
Setting price on the basis of the total cost per unit is known as . . . . . . . .
A. Cost Based Pricing
B. Demand Based Pricing
C. Competition Based Pricing
D. Value Based Pricing
Select an option to see the answer and solution.
Which of the following statement(s) is/are not true?
A. Service purchases are perceived as riskier than goods purchases
B. The participation of the consumer in the service process increases the amount of perceived risk
C. The variability in services increases the perceived risk associated with the purchase
D. Consumers of services have less purchase information versus goods
Select an option to see the answer and solution.
. . . . . . . . refers to the ease of location or the case with which customers can acquire the products.
A. Convenience utility
B. Spatial convenience
C. Temporal convenience
D. None of these
Select an option to see the answer and solution.
Goods purchased by individuals for their own personal use rather than for business or industrial use is called . . . . . . . .
A. convenience goods
B. capital goods
C. consumer goods
D. None of these
Select an option to see the answer and solution.
Economic theory suggests that rational customers will collect information only to the point at which
A. the marginal benefit of obtaining the information in terms of incremental value to making a choice equals the marginal cost
B. they are exhausted
C. they can no longer pay for syndicated information
D. the marginal benefit of obtaining the information in terms of incremental value to making a choice is less than the marginal cost
Select an option to see the answer and solution.
Many companies try to set a price that will maximize current profit. This strategy assumes that company has knowledge of it's:
A. Cost and production function
B. Revenue and cost function
C. Demand and market function
D. Demand and cost function
Select an option to see the answer and solution.
Which of the followings are considered defensive in nature?
A. Maturity and growth stage
B. Maturity and decline stage
C. Introduction and maturity stage
D. Introduction and growth stage
Select an option to see the answer and solution.
To achieve the marketing objectives for the brand and satisfy the desires of consumers, the . . . . . . . . and functional components of packaging must be chosen correctly.
A. characters
B. logo
C. aesthetics
D. brand name
Select an option to see the answer and solution.
Markets popularly known as haats and shandies are . . . . . . . . markets.
A. Rural
B. Urban
C. National
D. None of these
Select an option to see the answer and solution.
A rapid penetration strategy involves
A. Low price with high promotional expenditure
B. High price with low promotional expenditure
C. High price with high promotional expenditure
D. Low price with low promotional expenditure
Select an option to see the answer and solution.
Match the following.
List-I (Concepts)
List-II (Meanings)
a. Marketing
1. State of felt deprivation of some basic satisfaction in a person
b. Needs
2. The systematic gathering, recording and analysing of marketing data
c. Marketing research
3. All or a particular combination of activities a firm uses in marketing its product
d. Marketing mix
4. The performance of business activities that direct the flow of goods and services from producer to consumers
A. a-4, b-3, c-2, d-1
B. a-2, b-3, c-4, d-1
C. a-3, b-2, c-4, d-1
D. a-4, b-1, c-2, d-3
Select an option to see the answer and solution.
Which of the following is not an element of service marketing mix?
A. People
B. Packaging
C. Process
D. Physical evidence
Select an option to see the answer and solution.
. . . . . . . . concept is based on the principle that marketing is not a department but it is pervasive throughout the company.
A. Production
B. Holistic
C. Modern
D. Selling
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Surf Excel was named to take the benefit of the existing brand value of Surf. This strategy can be classified as . . . . . . . . strategy.
A. Brand growth
B. Brand extension
C. Branding
D. Brand level
Select an option to see the answer and solution.
Though "Pizza Huts" are located in posh, air-conditioning premises, they continue to call themselves as "Pizza Huts". This is to take advantage of:
A. Local sentiment of wanting to eat in huts
B. Brand value
C. Brand recognition
D. Brand extension
Select an option to see the answer and solution.
Market in which gold and silver are sold:
A. Commodity market
B. Produce market
C. Bullion market
D. None of these
Select an option to see the answer and solution.