FOM week 3

Which one best defines marketing?

• Marketing is the same as finance

• Marketing is the process of getting people interested in your company's product or service.

• Marketing is the administration of business practices to create the highest level of efficiency possible within an organization

• None of the above

Which aspect of the business is marketing related on?

• product development

• Sales

• Advertisement

• all of the above

Which of the following best describes the marketing mix concept in marketing?

• A) The marketing mix consists of product, profit, promotion, and place

• B) The marketing mix consists of product, price, promotion, and place

• C) The marketing mix solely focuses on promotional activities to meet customer needs.

• D) It is a strategy that emphasizes price over other components like product, place, and promotion.

which factor of the marketing 4ps is the most important one?

• Place

• Price

• Product

• All of them

Which one describes the product best?

• The cost that customer need to pay to receive product/service

• Where the customer can get the product/service

• Anything that can be offered to a market to satisfy customer need

• The method that can promote the product/service of the business

Which one describes the Place best?

• The cost that customer need to pay to receive product/service

• Where the customer can get the product/service

• Anything that can be offered to a market to satisfy customer need

• The method that can promote the product/service of the business

Which one describes the Price best?

• The cost that customer need to pay to receive product/service

• Where the customer can get the product/service

• Anything that can be offered to a market to satisfy customer need

• The method that can promote the product/service of the business

Which one describes the Promotion best?

• The cost that customer need to pay to receive product/service

• Where the customer can get the product/service

• Anything that can be offered to a market to satisfy customer need

• The method that can promote the product/service of the business

What does STP stands for?

• Strategy, targeting, positioning

• Segmentation, targeting, positioning

• segmentation, tragedy, positioning

• non of the above