WorksheetsChapter 8: Producing and Marketing Goods & Services (BT21)
Total questions: 25
Worksheet time: 13mins
One of the eight marketing functions is risk management.
True
False
Consumers often have a negative or narrow view of marketing.
True
False
Successful businesses have adopted a marketing philosophy.
True
False
The marketing strategy is a three-step process.
True
False
Buying motives can be rational or emotional.
True
False
A wholesaler sells directly to consumers.
True
False
Distribution adjusts for differences between production and consumption.
True
False
Profit is the only goal a business has when setting a price.
True
False
If a company has a limited supply of a product, it may lower its price.
True
False
Effective personal selling includes contact with the customer after the purchase.
True
False
The eight marketing functions do NOT include
purchasing
promotion
manufacturing
distribution
Which of the following is NOT true about marketing?
It benefits consumers.
It creates many jobs.
It increases our standard of living.
It is viewed positively by all consumers.
Directing all marketing activities at profitably satisfying customer needs is called
a commission.
a target market.
the marketing concept.
the marketing mix.
The four marketing mix elements are
promotion, pricing, distribution, marketing.
product, distribution, promotion, pricing.
production, marketing, decision-making, advertising.
marketing, distribution, production, pricing.
Anything offered to the target market to satisfy their needs is
distribution.
the product.
a market.
promotion.
The location and method used to make products or services available to customers is called
promotion.
distribution.
marketing.
pricing.
Maximizing profits, increasing sales, and maintaining an image are objectives related to
pricing
promotion
distribution
marketing
To be effective, promotion must
be noticed.
encourage consumers to pay attention to the message.
result in consumers taking action.
all the answers are correct.
Today most promotion is done through
sales promotions.
publicity.
media advertising.
personal selling.
Steps in the personal selling process include
pricing
retailing
wholesaling
demonstration.
The _______________ considers the needs of customers when producing and marketing products and services.
marketing concept
marketing philosophy
marketing mix
target market
The _______________ is a clearly identified group of consumers with very similar needs to whom a company can sell its products.
marketing concept
marketing philosophy
marketing mix
target market
The _______________ is the blending of four marketing elements to satisfy a target market.
marketing concept
marketing four
marketing mix
marketing blend
The _______________ is the path a product travels from producer to consumer.
distribution channel
channel of marketing
channel of destruction
channel of distribution
_________________ includes the methods and information communicated to customers to encourage purchases and increase their satisfaction.
Price
Place
Promotion
Product
