

Marketing Unit 1 2021
Flashcard
•
Business
•
11th Grade
•
Practice Problem
•
Hard
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10 questions
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1.
FLASHCARD QUESTION
Front
Which of the following IS NOT 1 of the 7 Functions of Marketing? Servicing, Marketing Information Management, Pricing, Product/Service Management
Back
Servicing
2.
FLASHCARD QUESTION
Front
Which of these statements defines the philosophy of marketing? Produce a large amount of goods as quickly as possible to increase supply, Use high-pressure sales tactics to increase profits for the business, Focus on selling through lots of advertising and large sales force, Focus efforts on satisfying the wants and the needs of the customer
Back
Focus efforts on satisfying the wants and the needs of the customer
3.
FLASHCARD QUESTION
Front
Nutrition data is included on the packaging of a food product. What type of economic utility is shown in this example?
Back
Information
4.
FLASHCARD QUESTION
Front
Which of these statements describes Time utility? Offer the product just as the need for it arises, Provide the customer with more knowledge, Put the product in a convenient place, Change the material or parts to make a new product
Back
Offer the product just as the need for it arises
5.
FLASHCARD QUESTION
Front
A business owned by two or more people
Back
Partnership
6.
FLASHCARD QUESTION
Front
A business that is owned exclusively by one person
Back
Sole Proprietorship
7.
FLASHCARD QUESTION
Front
A name, symbol, or special mark used to identify a business or brand of product
Back
Trademark
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