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Business Essentials | Topic 4, Lesson 2 Quiz

Authored by Travisray Salyers

Business

10th Grade

Used 1+ times

Business Essentials | Topic 4, Lesson 2 Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many functions are marketing activities organized into?

Five

Six

Seven

Eight

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the marketing functions?

Product & Service Management

Customer Service

Pricing

Promotion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When does each marketing function occur?

Only when a product is developed

Only when a service is sold

Every time a product or service is developed and sold

Before a product is developed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary function of a distribution?

To increase the cost of goods for consumers

To provide a means of transporting goods

To make a product or service available to the consumer or business user who needs it

To limit the number of products available in the market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of financing in marketing?

The process of settling debts.

The process of providing funds for business activities, making purchases, or investing.

The process of distributing profits.

The process of evaluating financial statements.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of Marketing Information Management?

To organize and evaluate marketing operations

To increase sales directly

To manage employee performance

To design new products

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of pricing in marketing?

The process of determining a product's market position.

The process of fixing the value that a manufacturer will receive in the exchange of services and/or goods.

The method of advertising products to increase sales.

The strategy of choosing the appropriate market for a product.

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