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Marketing Chapter 1/2

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.

How many functions of Marketing are there?

a)

4

b)

1

c)

5

d)

7

2.

How many Parts are in the Marketing Mix?

a)

7

b)

8

c)

2

d)

4

3.

This Function involves direct and personal communication

a)

Product

b)

Selling

c)

Distribution

d)

Finance

4.
Gathering  information, storing it and analyzing it are all a part of: 
a)
Market Planning
b)
Promotion
c)
Product/Service Management
d)
Marketing Information Management
5.
_____________  decisions dictate how much to charge for goods and services in order to MAKE A PROFIT.
a)
Pricing
b)
Promotion
c)
Selling
d)
Market Planning
6.
To determine a price, marketers must also determine how much customers are willing to pay.
a)
True
b)
False
7.
Obtaining, developing, maintaining and improving a product or a product mix in response to market opportunities.
a)
Product/Service Management
b)
Market Planning
c)
Promotion
d)
Marketing Information Management
8.
New technology and trends influence product/service management as well.
a)
True
b)
False
9.

Everytime someone buys and sells something an exchange takes place. Where do exchanges take place?

a)

Amazon

b)

Department store

c)

Marketplace/Central Market

d)

Customer service counter

10.
The process of planning, pricing, promoting, selling and distributing ideas, goods, or services to create exchanges satisfying customers is 
a)
advertising
b)
marketing
c)
utility
d)
market share
11.
Include four basic marketing strategies called the 4Ps. They are 
a)
place, price, product, purchase
b)
place, price, purchase, promotion
c)
place, price, promotion, product
12.

How the consumer gets the product

a)

Place/distribution

b)

Price

c)

Promotion

d)

Sales strategy

13.

The Marketing Concept is a Balance between ____________________________ and making a profit

a)

Finding out needs/wants

b)

Making a product

c)

Distribution

d)

Selling

14.

What is NOT a benefit of Marketing

a)

Information is provided to consumers

b)

Customers/businesses wasting money

c)

Businesses meet consumer wants and needs easier

d)

Supply is matched with Demand

15.

JFK created this in 1962 for the rights of shoppers

a)

Bill of Rights

b)

Consumer Laws and Regulations

c)

Marketing Benefits Declaration

d)

Consumer Bill of Rights