What is the definition of a market?
Marketing Knowledge Quiz

Quiz
•
Business
•
10th Grade
•
Medium
SWABULI MURSHID
Used 1+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A place where goods are manufactured
A physical location for selling goods
All buyers and sellers of a particular good
A strategy used in product promotion
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best defines marketing?
Advertising products to the public
Selling as many products as possible
The process of distributing goods to customers
Identifying, anticipating and satisfying consumer needs profitably
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of these is not a role of marketing in a business?
Producing goods
Maintaining customer loyalty
Conducting market research
Designing office spaces
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can a business maintain customer loyalty?
Decreasing product quality
Ignoring after-sales service
Using loyalty card schemes
Increasing product prices regularly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does market research help a business to do?
Reduce prices
Identify customer needs
Increase staff wages
Open new factories
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gaining information on customers helps businesses to:
Increase production costs
Develop better products
Lower employee motivation
Reduce market share
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not a method of satisfying customer needs?
After-sales services
Building customer relationships
Producing unwanted goods
Offering discounts
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