LIBF Unit 4 Topic 7

What is the primary role of the Advertising Standards Authority (ASA)?

• To create advertisements for companies

• To regulate advertising across all media in the UK

• To provide loans to businesses for advertising

• To manage social media marketing campaigns

Which term describes the recognition of a brand's products and qualities by current and potential customers?

• Brand Loyalty

• Brand Awareness

• Market Segmentation

• Corporate Social Responsibility

Which of the following best describes corporate social responsibility (CSR)?

• Actions taken by a company to benefit its shareholders

• Marketing strategies aimed at increasing sales

• Projects that benefit other stakeholder groups, often with a social or environmental purpose

• Financial strategies to maximize profits

What does Gross Domestic Product (GDP) measure?

• The total value of goods produced and services provided in a country during one year

• The total amount of money spent on advertising in a year

• The total number of businesses in a country

• The total value of exports and imports in a country

What is market segmentation?

• Dividing the market into smaller segments with distinct features

• Combining different markets into one large market

• Reducing the number of products offered by a company

• Increasing the price of products to target a specific market

Which of the following is an example of a mass market?

• A niche market for luxury watches

• A broad consumer group with diverse age, gender, and income profiles

• A market segment for eco-friendly products

• A local market for handmade crafts

What is the purpose of promotion in marketing?

• To reduce production costs

• To communicate with people, inform them of goods and services, and persuade them to buy

• To manage the company's finances

• To develop new products

Which gas is primarily responsible for the greenhouse effect?

• Oxygen

• Nitrogen

• Carbon Dioxide

• Hydrogen