Which one is not a function of marketing?
A. Identification of customer needs and wants
B. Product planning and development
C. Guiding the funding agencies
D. Communicating
Select an option to see the answer and solution.
. . . . . . . . is the process of planning and executing the conception, pricing, promotion and distribution of ideas, goods and services to create exchanges that satisfy individual and organisational objectives.
A. Marketing
B. Selling
C. Advertising
D. Planning
Select an option to see the answer and solution.
Market-penetration pricing will likely to be used most in selling which of the following items?
A. Specialty
B. Convenience
C. Unsought
D. Pharmaceuticals
Select an option to see the answer and solution.
Match the following.
List-I (Era's of Marketing)
List-II (Features)
a. Production era
1. Marketers focused their efforts only on selling their products to the customers
b. Sales era
2. It calls upon the marketers to build social, ethical and environmental considerations into marketing process
c. Marketing era
3. Companies focused on mere manufacturing processes
d. Societal marketing era
4. It focused on setting their products
A. a-3, b-1, c-4, d-2
B. a-4, b-1, c-2, d-3
C. a-2, b-3, c-1, d-4
D. a-2, b-3, c-4, d-1
Select an option to see the answer and solution.
Consider the following statements.
1. Assembling and managing the marketing mix is the crux of the marketing task.
2. Assembling the marketing mix is a continuous task.
3. Public relation is a key ingredient in the marketing mix.
Which of the statement(s) given above is/are correct?
A. Only 1
B. Only 2
C. Only 3
D. All of the above
Select an option to see the answer and solution.
Market focus, customer orientation, coordination, and profitability are the basic concepts of
A. Selling
B. Whole selling
C. Retailing
D. Marketing
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A manufacturer with a product in the decline stage of the product life cycle might decide to . . . . . . . . if it has reason to hope that competitors will leave the industry.
A. harvest the product
B. maintain the product without change
C. drop the product
D. search for replacements
Select an option to see the answer and solution.
Who buys more, complains less, spreads positive word of mouth, ensures a large customer base and repeat business?
A. Satisfied customer
B. Delighted customer
C. Industrial customer
D. None of the above
Select an option to see the answer and solution.
Which of the following is not a reason for the failure of new products?
A. Good idea but overestimated market size
B. Correctly positioned new product, not promoted effectively or overpriced
C. Development costs are lower than or equal to estimated or expected
D. Competitors fight back harder than expected
Select an option to see the answer and solution.
The statement 'Make use of paper bags instead of plastic bags' is related to
A. Environmental ethics
B. Green marketing
C. Socially responsible marketing
D. Social marketing
Select an option to see the answer and solution.
. . . . . . . . is not a sales force promotion scheme.
A. Bonus to sales force
B. Slotting allowance
C. Sales force contests
D. None of these
Select an option to see the answer and solution.
Which of the following is not a major aspect of digital marketing?
A. Jurisdiction
B. Ownership
C. Security
D. Entertainment
Select an option to see the answer and solution.
Who differentiated products on the basis of the value, they provide to customers?
A. W. H. Newman
B. P. Kotler
C. Theodore Levitt
D. L. G. Peter
Select an option to see the answer and solution.
The service marketing mix is an extended marketing mix and includes
(i) People
(ii) Process
(iii) Service
(iv) Physical evidence
A. (ii), (iii) and (iv)
B. (i), (ii) and (iii)
C. (i), (ii) and (iv)
D. (i), (iii) and (iv)
Select an option to see the answer and solution.
Markets located in the heart of the region specializing in few crops like banana, onions etc are called . . . . . . . .
A. Regular periodic market
B. Seasonal market
C. Daily market
D. Rural market
Select an option to see the answer and solution.
The research technique used particularly in retailing (online and offline) in which consumers are recruited by researchers to act as anonymous buyers in order to evaluate customer satisfaction, service quality, and customer's evaluation of their experiences, is known as
A. Consumer jury
B. Projective technique
C. Mystery shopping
D. Semiotic research
Select an option to see the answer and solution.
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
B. product quality leadership
C. market share leadership
D. survival
Select an option to see the answer and solution.
Which of the following is not one of the general pricing approaches?
A. Competition-based
B. Cost-based
C. Relationship pricing
D. Penetration pricing
Select an option to see the answer and solution.
Setting price on the basis of the competition for the product 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.
In which stage of product life cycle, the company takes decision, whether to maintain, harvest or drop the product?
A. Introduction
B. Growth
C. Maturity
D. Decline
Select an option to see the answer and solution.