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The Marketing Mix

Total questions: 26

Worksheet time: 19mins

Name
Class
Date
1.

The marketing Mix has_________ elements.

a)

3

b)

2

c)

4

2.

The Marketing Mix can also be called____.

a)

4 P's

b)

4 C's

c)

2 M's

3.

Promotion refers to _____________.

a)

where the product will be sold

b)

how the business tells people about the product

c)

where the product will be sold

4.

Marketing mix refers to ______________.

a)

The activities that help a business to market a product.

b)

the cost of product

c)

The activities that help a business to make profit.

5.

Which part of the four P's pf marketing mix effects the location and transportation of the product

a)

Product

b)

Price

c)

Place

d)

Promotion

6.

What is not part of the marketing mix ?

a)

Place

b)

Product

c)

Price

d)

Person

7.
Which word best describes PLACE in the marketing mix?
a)
shelf height
b)
shopping mall
c)
distribution channel
d)
Auckland city
8.
Why is customer satisfaction important to a business?
a)
customers will become repeat buyers
b)
customers will be happy
c)
customers are stakeholders
d)
customers are never satisfied
9.
Which of the following best describes a target market?
a)
Close competitors of a business
b)
The people who buy a business's products
c)
Groups that do not buy a business's products
d)
The individuals at whom a business's marketing strategies are aimed
10.
How potential customers will be told about a company's products, including the message, media selected, special offers and the timing of campaigns.
a)
company advertisement
b)
Product
c)
Placement of product
d)
Promotion
11.
What is happening at point F on the Product Life Cycle?
a)
Introduction
b)
Decline
c)
Maturity
d)
Growth
12.

What is happening at point F of the Product Life Cycle?

a)

Growth

b)

Maturity

c)

Extension Strategy

d)

Introduction

13.
Which of the Boston Consulting Group Model (BCG Model) categories are being described here: A fast growing market leader. 
a)
Star
b)
Cash Cow
c)
Problem Child/Question Mark
d)
Dog
14.
Which of the Boston Consulting Group Model (BCG Model) categories are being described here: a business unit that has low growth potential and a small market share.
a)
Star
b)
Cash Cow
c)
Problem Child/Question Mark
d)
Dog
15.
What sales promotion technique is this type of property sales?
a)
Direct marketing
b)
Personal selling
c)
Advertising
d)
Sales promotion
16.

Newspapers, TV, radio, magazines, billboards, etc. are examples of...

a)

Advertising

b)

Publicity

c)

Sales Promotion

d)

Personal Selling

17.

Which of the three reasons to use promotion is this?

a)

To inform

b)

To remind

c)

To persuade

18.

The price skimming consists of setting high prices and reducing them over time to maximize the long-term profit.

a)

True

b)

False

19.

Term for a item that is intentionally priced below cost to draw people into the store

a)

Loser Item

b)

Sale

c)

Discount Item

d)

Loss Leader

20.

Which pricing strategy is said to convince customers that the Price is substantially cheaper than it really is

a)

Competition based Pricing

b)

Cost Based Pricing

c)

Economy Pricing

d)

Psychological Pricing

21.
What does this curve represent?
a)
demand
b)
supply
c)
equilibrium
d)
shortage
22.
What does this curve represent?
a)
supply
b)
equilibrium
c)
demand
d)
surplus
23.
When quantity supplied and quantity demanded is equal
a)
surplus
b)
shortage
c)
equilibrium
d)
law of demand
24.

This is the Channel that goes from Producer to Consumer

a)

Direct

b)

Indirect

c)

Sales Agent

d)

None of the above

25.

This is an intermediary that does not own the goods that they are selling

a)

Retailer

b)

Wholesaler

c)

Sales Agent

d)

Consumer

26.

Which intermediary in the distribution process follows the wholesaler?

a)

Consumer

b)

Sales Representative

c)

Retailer

d)

Agent