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Y10 Business - Marketing

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Marketing means ...

a)

Going to the pola to buy ingredients to cook for lunch

b)

Identifying customer needs and satisfying them profitably

c)

Buying goods and services online

d)

to market the goods on the television

2.

Marketing mix means

a)

the objectives that a business wants to achieve over a period of time.

b)

a firm sells goods and services to a different range of consumers

c)

the key elements in a firm's marketing strategy; product, price, place and promotion

d)

a mix of several different methods of advertising and sales promotion

3.

Product orientation is

a)

where the firm first looks into what the customers needs or wants

b)

Where a business focuses on the design and manufacture of the the product itself rather than the needs of customers.

c)

Where the firm comes up with a new product after a product declines in the product range of a firm.

d)

Changing the marketing strategies of a firm to suit the needs of a particular market segment

4.

Socio economic groups means a

a)

Division of people according to culture based on their habits and traditions.

b)

Division of people based on their needs and wants

c)

Division of people according to their geographical location and cultural diversity

d)

Division of people according to social class based on employment status

5.

Cost plus or cost based pricing

a)

Setting a low price until rivals have gone out of business

b)

A product sold below cost to draw in customers

c)

Adding a percentage( the mark up) to the cost of producing a product to get the price

d)

Pricing strategies based upon the conditions of the market

6.

examples of secondary data collection

a)

Articles/ Internet/ Newspaper/ Old reports

b)

company reports/ interviews from the potential customers

c)

internet/ surveys that were conducted in a mall / old business journals

d)

marketing reports/ online surveys/ questionnaires

7.

What is quantitative information?

a)

Factual information that is recorded as statements

b)

Factual information that can be recorded as a number

c)

Information that was collected based on common answers given by the customers

d)

Opinion based information

8.

What is a marketing/ market gap?

a)

A gap created due to a decline in the demand for a good

b)

no new products being created after a product got saturated in the local market

c)

researching and developing new range of products

d)

A part of a market where there are no/limited range of products to satisfy this customer need

9.

Why might primary research be inaccurate?

(a)  

10.

Why is 'PRICE' in marketing an important aspect?

(a)