wayground logo

Free Printable Worksheets

NEW

Font size

S
M
L
XL
Worksheets

Marketing Principles Final Prep 1819

Total questions: 40

Worksheet time: 21mins

Name
Class
Date
1.

The 5 basic marketing strategies are called the 5 P's. Another name for these strategies is _________. (short answer)

a)

marketing mix

b)

magical mustard

c)

meaningful marshmellows

d)

mindful milk

2.

Your ______ is a calculated number that tells lenders how likely you are to pay them back.

a)

credit score

b)

birthdate

c)

social security

d)

phone number

3.

If ________ is the most important thing about your product, you want to make the product available in many locations that are easy to access for your customers. (short answer)

a)

convenience

b)

quality

4.

Creating a company newsletter, web site, and blog, or being active on social media site are specific ways to help improve your company's ________ ________ department. (short answer)

a)

public relations

b)

retirement

5.

The action or business of promoting and selling products or services, including market research and advertising is known as ___________.

a)

Distribution

b)

Marketing

c)

Selling

d)

Advertising

6.
Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?
a)
product
b)
place
c)
price
d)
promotion
7.

Jennifer is a marketer with a toy company. The company recently developed a new toy for young girls, ages 4-9. The team is trying to determine the best time to air the toy commercial. When would be the best time to air the commercial?

a)

11:30 PM

b)

1:00 AM

c)

5:00 AM

d)

10:00 AM

8.

What is an increase in competition likely to do to the demand?

a)

Increase the demand

b)

Decrease the demand

c)

Make the demand less elastic

d)

Make the demand more elastic

9.
Which of the following are indirect competitors?
a)
Sony & Nike
b)
Burger King & McDonalds
c)
Taco Bell & Pizza Hut
d)
Apple and Mary Kay
10.

Which of the following commodities is a good?

a)

A swimming lesson

b)

A desk

c)

House cleaning

d)

Dog walking

11.
Eggs, toilet paper, and candy bars are examples of __________.
a)
Shopping goods
b)


Specialty goods

c)
Unsought goods
d)
Convenience goods
12.

Which of the following business ownership structures offers the best liability protection but higher taxes?

a)

A nonprofit corporation

b)

A C corporation

c)

A partnership

d)

A sole proprietorship

13.

A company that builds houses and a company that makes cars are part of the __________ industry.

a)

Retailing

b)

Extractive

c)

Wholesaling

d)

Manufacturing

14.

A company that is organized by function will group its employees into teams based on what?

a)

The type of work they do

b)

The product they make

c)

The location or branch they work at

d)

The type of customer they serve

15.

When you receive a loan, the money the lender gives you is called the ____________.

a)

Interest

b)

Line of credit

c)

Principal

d)

Collateral

16.

______________ is the amount an employee earns before payroll withholding is performed.

a)

Net pay

b)

Gross pay

c)

Taxable interest

d)

An estate

17.

A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?

a)

Revolving credit

b)

Noninstallment credit

c)

A line of credit

d)

Installment credit

18.

If a product is difficult to find or only carried by high-end retailer, this adds to it's prestige. This always benefits your marketing message.

a)

True

b)

False

19.

The way you package and present your product is important. Why?

a)

It affects customer perception.

b)

It is a good way to reinforce your marketing message.

c)

It can represent your personality.

d)

All of the above.

20.
If you are shopping for electronic and see a brand you recognize with a reputation you trust, you are more likely to choose that brand instead of a product with a name you don't recognize. This is called?
a)

Product placement

b)
Brand image
c)
Loyalty
d)

Brand familiarity

21.

Market segmenting is __________.

a)

is assigning a specific team of employees to focus solely on developing marketing strategies

b)

only offering your product to a specific, identified group of consumers

c)

separating people into groups based on their characteristics, problems, needs, and desires

d)

allowing the consumers to choose which company they do business with

22.
Which type of data usually saves time and money by providing fast access to more data than one person or company could realistically collect on it's own?
a)
Primary
b)
Secondary
23.
When a customer buys a product or adds it to a cart, the site suggest other items the customer might like. The site suggest these items based on the analysis of data from purchases made by other customers. This is known as __________. 
a)
Data mining
b)
Secondary data
c)
Consumer knowledge
d)
Data segmenting
24.

Without _______ it would be difficult for consumers to know which producer was offering the best deal on a certain product.

a)

Credit

b)

Money

c)

Trade

d)

Advertisement

25.

If you are paid by the hour for your work, your income is called _______.

a)

Salary

b)

Wages

26.

When setting a price, the company usually depends on which of the following:

a)

The company's average costs

b)

The customer's perceived value of the product

c)

The value compared to competing products

d)

All of the above

27.

Distribution is represented by which of the 4 P's of Marketing?

a)

Product

b)

Place

c)

Price

d)

Promotion

28.

Which would provide a larger distribution channel?

a)

Selling from home to people in your local community.

b)

Selling online to people around the world with Internet access.

29.

___________ means to spread the product throughout the marketplace such that a large number of people can buy it.

a)

Market accessibility

b)

Promotion

c)

Market sharing

d)

Distribution

30.

Choose the answer that most correctly compares personal selling and direct marketing.

a)

Both focus on building relationships and always allows two-way communication.

b)

Direct marketing deals with customers one-on-one while personal selling address the market as a whole.

c)

Direct marketing can be similar to personal selling, but it doesn't necessarily allow two-way communication.

d)

Direct marketing deals with products, while personal selling deals with people.

31.

A _________ is a short-term tool for giving customers incentives to buy the product within a specific time period.

a)

Price point

b)

Personal selling

c)

Marketing strategy

d)

Sales promotion

32.

Which best differentiates word of mouth promotion from other promotional strategies?

a)

Word of mouth promotion is targeted only towards consumers in the store or place of business.

b)

Word of mouth promotion takes place through informal conversations between people.

c)

Word of mouth promotion takes place solely through social media.

d)

Word of mouth promotion is the only promotion that uses verbal language.

33.

Direct marketing strategies can include which of the following:

a)

Direct mail and telemarketing

b)

Ads and social media

c)

Flyers and Spotify ads

d)

Commercials and billboards

34.

Consumers are most likely to trust a message's credibility coming from which source?

a)

From a major competitor of the company

b)

From a third-party source, such as a credible news or research organization

c)

From the company itself

d)

From a top employee from the company

35.

Apply your knowledge of credit to answer the following:

As a banker, which person would you be most likely to give a loan to?

a)

Abby - credit score 650

b)

Sara - credit score 350

c)

Johnothan - credit score 750

d)

Michael - credit score 500

36.

Use what you know about marketing to identify who is most likely the target audience of this magazine?

a)

Young fashionable women

b)

Athletic women

c)

Men looking for love

d)

Kids that enjoy cartoons

37.

A company airs a commercial during the SuperBowl. What does that tell you about the company?

a)

They are largely internet based.

b)

They are a small business focused on local consumers.

c)

They are wealthy, large, and powerful.

d)

They prefer to depend solely on word of mouth promotion.

38.

Many people in the U.S. already have cell phones. But cell phones are much less common in some other countries. If a company makes cell phones easily available and affordable to the people in those countries, it may gain new customers more quickly than it can in the U.S.


In the example, the market for cell phones in the U.S. is _____________.

a)

Available

b)

Saturated

c)

Consumed

d)

Claimed

39.

You have a very successful business in the U.S., and you've decided to take it to another country. Before launching your business there, it is most important to ____________.

a)

Research the country to make sure they will be interested in the product, and to be sure you don't offend anyone.

b)

Go into it as quickly as possible, so not to miss the market opportunity.

c)

Handle business exactly as you did in the U.S. since it was so successful.

d)

Set up an office space that would satisfy out-of-country employees.

40.

What makes social media an asset in international marketing?

a)

Can be shared all over the world

b)

Reasonable advertising rates

c)

Reaches a wide variety of consumers

d)

All of the above