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Commerce · all questions

Marketing Management
practice.

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Which of the following is/are objective(s) of marketing?

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CRM is a combination of business strategies that helps to build long-lasting relationship:

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Trading down is a method of product line modification by:

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For most people, the purchase of cheese for daily use can be described as a

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The experimental product positioning includes

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"Relationship" in marketing means

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The concept of marketing-mix, consisting of the 4 P's of marketing, was developed by

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. . . . . . . . are those who obtain title to goods with a view to selling them at profit.

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Assertion (A): A transformational appeal of communication elaborates on a non-product related benefit or image.
Reason (R): A transformational appeal often does not attempt to stir up emotions that will motivate purchase.

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A major way to reverse the cultural pollution caused by marketing is to adjust . . . . . . . .

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Match the following.
List-I (Classification of Products) List-II (Explanations)
a. Consumer product 1. Products which are designed for use by ultimate consumers or households
b. Durable product 2. Product which a consumer usually purchase frequently, immediately and with minimum effort
c. Convenience product 3. Products with unique characteristics and/or brand identification for which a significant group of buyers are habitually willing to make a special purchasing effect
d. Speciality product 4. Products which normally survive many use

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False and misleading claims and vulgarity in advertisements does not match with

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. . . . . . . . goods are purchased on a regular basis.

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. . . . . . . . set(s) the floor for the price that the company can charge for its product.

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When buyers have too narrow image of the brand, this error is

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If an abattoir sold offal to a pet food manufacturer and hence reduced the costs of the final price of the meat to consumers, this would be an example of . . . . . . . . pricing strategy.

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Moderate quality products are preferred by . . . . . . . . consumers.

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When a company treats every single customer as a separate segment, it is called

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Match the following.
List-I (Pricing Methods) List-II (Explanations)
a. Mark-up pricing 1. Set high price and recover the cost as early as possible
b. Target return pricing 2. Cost of the product + Mark-up (desired profit)
c. Going rate pricing 3. Specified rate of return on investment
d. Market skimming 4. Prevailing pricing matters

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Which of the following characteristics are related to relationship marketing?
1. Product feature orientation
2. Product benefit orientation
3. Frequent consumer contact
4. High concern for quality
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