Adding new features to a product is advocated by which of the approaches?
A. Product Approach
B. Production Approach
C. Marketing Approach
D. Selling Approach
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What is the last stage of the consumer decision process?
A. Problem recognition
B. Post purchase behavior
C. Alternative evaluation
D. Purchase
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Which of the following is considered a “key player” in the marketing industry?
A. Marketer
B. Suppliers or vendors
C. Distributors or retailers
D. All of the above
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A transaction in which the organization is making an initial purchase of an item to be used to perform a new job refers to which of the following purchases?
A. Straight rebuy purchase
B. Delayed purchase
C. New-task purchase
D. Modified rebuy purchase
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Which of the following is NOT considered a type of reseller?
A. Wholesaler
B. Retailer
C. Manufacturer
D. Distributor
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Listing alternatives that will solve the problem at hand and determining the characteristics of each occurs during which stage of the final consumer’s decision process?
A. Information search
B. Purchase
C. Evaluation of alternatives
D. Post purchase
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The act of trading a desired product or service to receive something of value in return is known as which key concept in marketing?
A. Product
B. Exchange
C. Production
D. Customer
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The most basic level of a product is called the:
A. Core product
B. Central product
C. Fundamental product
D. Augmented product
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Anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need is called a(n):
A. Idea
B. Demand
C. Product
D. Service
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Which of the following is not an element of the marketing mix?
A. Distribution
B. Product
C. Target market
D. Pricing
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A further 3Ps are incorporated into the marketing mix:
A. Physical evidence, process and price
B. Process people and promotion
C. Physical evidence, people and production
D. Physical evidence, process and people
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Which of the following statements is correct?
A. Marketing is the term used to refer only to the sales function within a firm.
B. Marketing managers don't usually get involved in production or distribution decisions.
C. Marketing is an activity that considers only the needs of the organization; not the needs of society as a whole.
D. Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
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The term marketing refers to:
A. New product concepts and improvements
B. Advertising and promotion activities
C. A philosophy that stresses customer value and satisfaction
D. Planning sales campaigns
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Which of the following involves designing and manufacturing the container or wrapper for a product?
A. Labelling
B. Packaging
C. Branding
D. Product line
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Advertising appropriations are largest for which type of product?
A. Industrial products
B. Convenience goods
C. High-priced products
D. Specialty goods
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A television advertisement showing the safety features of the Volvo 240 DL would be best classified as which of the following?
A. Product advertising
B. Pioneer advertising
C. Defensive advertising
D. Societal marketing
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Which of the following BEST describes the consumer’s preference for products that are widely available to them?
A. Production concept
B. Marketing concept
C. Selling concept
D. Product concept
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Buying and selling of mass consumer goods and services comes under which of the following markets?
A. Business markets
B. Global markets
C. Consumer markets
D. Government markets
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Which one of the following BEST describes the human need?
A. Food
B. French-fries
C. Burger
D. Pizza
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Which of the following firm’s emphasis on product’s benefits to the customers rather than on product attributes?
A. Product oriented
B. Market oriented
C. Sales oriented
D. Production oriented
Select an option to see the answer and solution.