Marketing Assignment

A market is

• Any situation that links sellers and buyers

• Any situation that is designed to produce products

• Any situation that provides a service

• Any situation that builds a relationship

Which of these four elements does a Market 'NOT' consist of?

• Buyers

• Sellers

• Services

• Price

What are the two types of Market?

• Goods and Services

• Marketing and Advertising

• Consumer and Industrial

• Buyers and Sellers

In the Consumer Market individuals who buy goods and services do so for their

• Personal use

• Business use

• Global use

• Domestic use

The goods purchased by individuals in the Consumer Market may be

• goods or services

• durable or non-durable

• local or foreign

• expensive or inexpensive

Industrial Markets cater to customers who purchase goods or services for

• their personal use

• their advertising use

• their marketing use

• their business use

Capital goods are goods that

• are used up quickly

• last for a long time

• are provided by specialist

• are sold to business owners

Marketing includes the process of selling goods and services

• in the most profitable manner

• in the most efficient manner

• in the most profitable and efficient manner

• in the most professional manner

Marketing strategy is the approaches used to

• market/sell a product

• buy a product

• advertise a product

• produce a product

The 4 P's of the Marketing Strategy does 'NOT' include

• Place

• Product

• Promotion

• Plan