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MIDTERM Exam - Market Segmentation- BSHM 3A

Total questions: 45

Worksheet time: 15mins

Name
Class
Date
1.

The money value of a product or service expressed in terms of peso.

a)

price

b)

product

c)

promotion

d)

place

2.

A reduction in price given to a certain classes of buyers.

a)

trade discount

b)

cash discount

c)

quantity discount

d)

datings

3.

It involves upselling, cross-selling and analysis of profit margins and sales volume for each product-line.

a)

revenue management

b)

psychological pricing

c)

promotional pricing

d)

value-pricing

4.

Also known as functional discounts.

a)

trade discount

b)

cash discounts

c)

datings

d)

quantity discounts

5.

This refer to the length of time from which sellers extend credit terms to buyers.

a)

trade discounts

b)

cash discounts

c)

datings

d)

quantity discounts

6.

These are independent business concern that operate as link between producers and end users.

a)

middlemen

b)

wholesalers

c)

retailers

d)

brokers

7.

A person whose business is buying a large quantities of goods and selling them in smaller amounts.

a)

middlemen

b)

wholesalers

c)

retailers

d)

brokers

8.

A person or business that sells goods to the public in relatively small quantities for use of consumption.

a)

middlemen

b)

wholesalers

c)

retailers

d)

brokers

9.

A wholesaler who does not take title to the goods they handle.

a)

middlemen

b)

wholesalers

c)

retailers

d)

brokers

10.

A person that makes goods to sell.

a)

manufacturer

b)

consumers

c)

retailers

d)

wholesalers

11.

It is the process of dividing a market into distinct groups of buyers who might require separate products and/or marketing mixes.

a)

market segmentation

b)

market targeting

c)

positioning

d)

market

12.

It is the of evaluating each segment's attractiveness and selecting one or more of the market segments.

a)

market segmentation

b)

market targeting

c)

positioning

d)

market

13.

It is the set of all actual and potential buyers of the product.

a)

market segmentation

b)

market targeting

c)

positioning

d)

market

14.

It is the process of developing competitive positioning for the product and an appropriate marketing mix.

a)

market segmentation

b)

market targeting

c)

positioning

d)

market

15.

It is anything that can be offered to a market for attention, acquisition or consumption to satisfy a need or want.

a)

product

b)

price

c)

place

d)

promotion

16.

It answers the question of what the buyer is really buying.

a)

core product

b)

facilitating products

c)

supporting products

d)

augmented products.

17.

These are extra products offered to add value to the core product and to help differentiate it from the competition.

a)

core product

b)

facilitating products

c)

supporting products

d)

augmented products

18.

These are services or goods that must be present for the guest to use the core product.

a)

core product

b)

facilitating product

c)

supporting products

d)

augmented products

19.

This refers to how accessible the product is in terms of location and hours.

a)

atmosphere

b)

accessibility

c)

coproduction

d)

customers

20.

it is something which can be vocalized or spoken.

a)

brand

b)

brandname

c)

brandmark

d)

tradename

21.

A non-registered design, symbol or product logo.

a)

brand

b)

brandname

c)

brandmark

d)

tradename

22.

A registered company name.

a)

brand

b)

brandname

c)

brandmark

d)

tradename

23.

The set of all brands and brand particular category or market segment.

a)

brand portfolios

b)

branding positioning

c)

brand equity

d)

brand

24.

The ideas are gained from internal sources, customers, competitors, distributors and suppliers.

a)

idea generation

b)

idea screening

c)

business analysis

d)

product development

25.

This involves review of sales, costs and profit projections.

a)

idea generation

b)

idea screening

c)

product development

d)

business analysis

26.

It is the stage in which the product and marketing program are introduced into more realistic market settings.

a)

market testing

b)

product development

c)

commercialization

d)

idea generation

27.

The product is brought into the market place.

a)

market testing

b)

commercialization

c)

product development

d)

idea generation

28.

This begins when a company finds and develops a new product idea.

a)

introduction

b)

product development

c)

growth

d)

maturity

29.

It is a period of slow sales growth as the product is being introduced into the market.

a)

introduction

b)

product development

c)

growth

d)

maturity

30.

It is a period of rapid market acceptance and increasing profits.

a)

introduction

b)

product development

c)

growth

d)

maturity

31.

The slowdown in sales growth because the product has achieved acceptance by most of its potential buyers.

a)

introduction

b)

product development

c)

growth

d)

maturity

32.

Sales decline because of distribution saturation

a)

growth maturity

b)

stable maturity

c)

decaying maturity

d)

maturity

33.

Sales become level-off or break even because of market saturation

a)

growth maturity

b)

stable maturity

c)

decaying maturity

d)

maturity

34.

Sales continue to decline; customers shift to other brands

a)

growth maturity

b)

stable maturity

c)

decaying maturity

d)

maturity

35.

Costs that do not vary with the production or sales level.

a)

fixed cost

b)

variable cost

c)

cost

d)

price

36.

Costs that vary directly with the level of production.

a)

fixed cost

b)

variable cost

c)

cost

d)

price

37.

This is also known as "target profit pricing".

a)

break-even pricing

b)

value-based pricing

c)

cost-based pricing

d)

competitive -based pricing

38.

Price reduction offered to encourage to buy on large amount.

a)

quantity discount

b)

trade discount

c)

cash discount

d)

datings

39.

Gathering and distributing marketing research and intelligence information about the marketing environment.

a)

information

b)

promotion

c)

contact

d)

matching

40.

Finding and communicating with prospective buyers.

a)

information

b)

promotion

c)

contact

d)

matching

41.

Shaping and fitting the offer to the buyer's needs, including such activities as manufacturing, grading....

a)

information

b)

promotion

c)

matching

d)

contact

42.

It is a supply chain strategy that delivers products directly from producer to consumer without intermediaries.

a)

indirect channel

b)

direct channel

c)

channel distribution

d)

hospitality distribution channel

43.

It means selling wholesale agents or retailers so that they can distribute the product to you.

a)

direct channel

b)

indirect channel

c)

channel of distribution

d)

hospitality distribution channel

44.

A booking made directly with the supplier of the tour or activity.

a)

direct booking

b)

travel agents

c)

tour wholesalers

d)

online travel

45.

A private retailer or public service that provides travel and tourism-related service to general public on behalf or accommodation or travel agents.

a)

direct booking

b)

online travel

c)

travel agents

d)

tour wholesalers