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Principles of Marketing

Total questions: 20

Worksheet time: 12mins

Name
Class
Date
1.

Which of the following is NOT included in 5 Marketing Concepts?

a)

Market

b)

Customer needs, wants, & demands

c)

Exchange

d)

Customer Satisfaction

2.

As per Dr. Piano, what is the equation for Customer Satisfaction?

a)

CS=Performance>Expectation

b)

CS=Performance<Expectation

c)

CS=Benefits/Price

d)

CS=Price/Benefits

3.

Human _______ are states of felt deprivation and can include physical, social, and individual needs.

a)

NEEDS

b)

WANTS

c)

PRICE

d)

PLACE

4.

Which of the following is NOT included in 4 P's of Marketing?

a)

Promotion

b)

Products

c)

Place

d)

Peace

5.

_________ are the form human needs take as they are shaped by culture and individual personality.

a)

Wants

b)

Needs

c)

Demands

d)

Performance

6.

_______ are human wants that are backed by buying power.

a)

Needs

b)

Wants

c)

Demands

d)

Market offerings

7.

_________ are a combination of products, services, and experiences offered to a market to satisfy a need or want.

a)

Market

b)

Marketing offerings

c)

Exchange

d)

Value and Satisfaction

8.

___________ are the acts of obtaining a desire object from someone by offering something in return.

a)

Exchange

b)

Market

c)

Production

d)

Advertisement

9.

_________ is the set of all actual and potential buyers of a product or service.

a)

Market

b)

Product

c)

Exchange

d)

Needs

10.

Which of the following is ONE of the 5 alternative concepts that companies use to carry out their marketing strategy?

a)

Societal Marketing Concept

b)

Placement Concept

c)

Marketing Strategy

d)

Customer Satisfaction

11.

Which of the following is ONE of the 5 alternative concepts that companies use to carry out their marketing strategy?

a)

Societal Marketing Concept

b)

Placement Concept

c)

Marketing Strategy

d)

Customer Satisfaction

12.

______________ is the overall process of building and maintaining profitable customer relationships by delivering superior customer value and satisfaction.

a)

Customer service

b)

Customer Relation

c)

Customer Relationship Management

d)

Customer

13.

TRUE OR FALSE

PARTNER RELATIONSHIP MANAGEMENT means working closely with partners in other company departments and outside the company to jointly bring greater value to customers.

a)

True

b)

False

14.

TRUE OR FALSE

The crucial part of building customer relation is to create superior customer-perceived-value.

a)

True

b)

False

c)

Maybe

d)

Not sure

15.

___________ is the value of the entire stream of purchases that the customer would make over a lifetime of patronage.

a)

Customer Lifehomes Value

b)

Customer Needs

c)

Customer Lifetime Value

d)

Customer Satisfaction

16.

TRUE OR FALSE

Good CRM can help to increase the share of customer.

a)

True

b)

False

17.

TRUE OR FALSE

The most dramatic change in technology is internet

a)

False

b)

True

18.

Products has 2 under category which is Tangible and ___________

a)

Intangible

b)

Promotion

c)

Place

d)

Price

19.

The idea that consumers will not buy enough of the firm's product, unless it undertakes a large-scale selling and promotion effort.

a)

Production Concept

b)

Product Concept

c)

Selling Concept

d)

Marketing Concept

20.

The idea that achieving organizational goals depends on knowing the needs, and wants of target market and delivering the desired satisfactions better than competitors do.

a)

Production Concept

b)

Product Concept

c)

Societal Marketing Concept

d)

Marketing Concept