WorksheetsMarketing Management Quiz 2
Total questions: 20
Worksheet time: 20mins
Which of the following is most closely related with the organic growth of an organization?
entering new marketplaces
increasing the operational profitability
increasing productivity of employees
developing new products from within
New-to-the-world products are ________.
low-cost products designed to obtain an edge in highly competitive markets
new product enhancements that supplement established products
new versions of an existing product that has been less successful
new products that create an entirely new market
Which of the following firms is most likely to seek radical innovation?
a traditional publishing company
a small scale FMCG company
a firm that procures and markets wheat
a high-tech firm in telecommunications
A ________ is an elaborated version of the idea expressed in consumer terms.
test brand
"alpha" product
"beta" version
product concept
Companies pursue _____ as their major price objective if they are plagued with overcapacity, intense competition, or changing consumer wants.
maximum profit share
market skimming
survival
maximum market share
If demand hardly changes with small changes in price the demand is _____.
elastic
neutral
inelastic
unitary
The decline in the average cost with accumulated production is called the _____.
variable cost
demand curve
learning curve
supply curve
A company charging fairly low prices for high-quality goods is practising _____ pricing.
competitive
value
perceived-value
quality
One method of increasing prices is using _____, where the company maintains its price but removes or prices separately one or more elements that were part of the former offer.
escalator clauses
unbundling
unitary pricing
demand pricing
Charles Schwab enables its customers to do transactions in its branches, over the phone, or on the Internet. This is an example of a company using _____ channels.
interactive
hybrid
dual
targeted
When is a pull strategy appropriate?
when consumers are able to perceive differences between brands
when brand choice is made in the store
when the product is an impulse item
when there is low brand loyalty
Using the push strategy is most appropriate when ________.
the product being sold is an impulse item
there is high brand loyalty for the product
the product is a high involvement purchase
consumers choose the brand before they go to the store
Products that move back to the manufacturer for recycling or refurbishing are moving through _____ channels.
multi-flow
reverse-flow
industrial
disposal
Disney sells its videos through five main channels: movie rental stores like Blockbuster, Disney company retail stores, and a few other retailers. Disney is a good example of what type of distribution?
Selective distribution
Intensive distribution
Multi-channel distribution
Integrated distribution
Marketing communications can contribute to brand equity by establishing the brand in memory and ________ a brand image.
creating
building
communicating
introducing
The famous VW commercial with its famed the tag line "Drivers Wanted" is an example of
direct marketing.
transformational appeal.
interactive marketing.
informational appeal.
A well-chosen celebrity can draw attention to a product or brand. The choice of the celebrity is critical. The most important factor is the celebrity's
trustworthiness
likability
credibility.
expertise
The principle of _____ implies that communicators can use their good image to reduce some negative feelings toward a brand but in the process might lose some esteem with the audience.
conformity
congruity
confidence
credibility
_____ channels consist of company salespeople contacting buyers in the target market.
Advocate
Social
Expert
Direct
Samples, coupons, and premiums are examples of _____.
personal selling
sales promotions
events and experiences
public relations
