Which element of the promotion mix do whole-salers generally apply to obtain their promotional objective?
A. Advertising
B. Personal selling
C. Trade promotion
D. Direct marketing
Select an option to see the answer and solution.
Which among the following is not an internal factor of pricing decision?
A. Price elasticity as per sales of product
B. Consumer's expectation from company by past pricing
C. Position of product in product cycle
D. Consumer behaviour for given product
Select an option to see the answer and solution.
In which of the following pricing policies, a firm charges higher initial price for the product and reduces it over time as the demand at higher price is satisfied?
A. Peak load pricing
B. Incremental pricing
C. Skimming
D. Penetration pricing
Select an option to see the answer and solution.
Which one of the following is the most likely result of a marketing strategy that attempts to serve all potential customers?
A. All customers will be delighted
B. Customer perceived value will be increased
C. The company will need to follow up with a demarketing campaign
D. None of the above
Select an option to see the answer and solution.
. . . . . . . . pricing means assigning a low price tag for a product and providing the benefits of low-cost mass production to the customers.
A. Cost plus
B. Value
C. Power price points
D. Penetration
Select an option to see the answer and solution.
Which terms are often used interchangeably in marketing literature?
A. Concept, Method, Philosophy
B. Concept, Approach, Technique
C. Orientation, Concept, Philosophy
D. Philosophy, System, Concept
Select an option to see the answer and solution.
When Pepsi came out with Pepsi Blue and priced it at half price to attract buyers they were using, Pepsi was using . . . . . . . .
A. Market-skimming pricing
B. Market-penetration pricing
C. New-product pricing
D. Discount pricing
Select an option to see the answer and solution.
Which of the legislations listed below do not form part of the marketing environment of India?
A. The Drugs and Cosmetics Act, 1940
B. The Prevention of Food and Adulteration Act, 1954
C. The Monopolies and Restrictive Trade Practices Act, 1969
D. Both B and C
Select an option to see the answer and solution.
Which of the following statement is true?
A. Brand name is a part of a brand which can be vocalized
B. Abrand is usually composed of a name and mark of a product
C. Brand means a name, term, and symbol or a mix thereof used to identify and distinguish the product of a firm
D. All of the above
Select an option to see the answer and solution.
The Third stage of Consumer buying decision process is
A. Evaluation of alternative
B. Information search
C. Purchase decision
D. None of these
Select an option to see the answer and solution.
Using the names of company's powerful brands for line extentions
A. Positioning by Product Attributes and Benefits
B. Positioning by Brand Endorsement
C. Positioning by use, Occasion and Time
D. Positioning by Corporate Identity
Select an option to see the answer and solution.
Which of the following terms is used to describe the situation when an existing brand name is applied to new sizes or flavours of a product or other variants, but in the same product category, these are new product launches?
A. Brand extension
B. Multi-brands
C. Line extensions
D. Co-brands
Select an option to see the answer and solution.
The retailer sells goods in . . . . . . . .
A. Huge quantity
B. Small quantity
C. Not sufficient
D. None of these
Select an option to see the answer and solution.
Which one of the following modes is not an example of direct and database marketing communication?
A. Social media marketing
B. Catalogues
C. Mailings
D. Telemarketing
Select an option to see the answer and solution.
Which is not the element of marketing mix?
A. Product
B. Segmentation
C. Price
D. Promotion
Select an option to see the answer and solution.
Who is associated with concept of marketing myopia?
A. Levitt
B. Drucker
C. McCarthy
D. Kotler
Select an option to see the answer and solution.
Which of the following is not an objective of penetration pricing?
A. To determine maximum sales volume
B. To increase market share
C. To attract customers
D. To maximize short term profits
Select an option to see the answer and solution.
Items, considered part of the augmented product, do not include :
A. Guarantee
B. Warranty
C. Complementary products
D. Channels of distribution
Select an option to see the answer and solution.
Match
List-I with
List-II and select the correct answer:
List-I
List-II
a. Skimming pricing
1. A market having high price elasticity
b. Differential pricing
2. A market having high price inelasticity
c. Penetrating pricing
3. A market having several segments differing prominently with regard to price elasticities of their demand
A. a-1, b-2, c-3
B. a-3, b-1, c-2
C. a-2, b-3, c-1
D. a-3, b-2, c-1
Select an option to see the answer and solution.
When a company treats each single customer as a separate segment, this is called
A. Niche marketing
B. Nano marketing
C. Single marketing
D. Micro marketing
Select an option to see the answer and solution.