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Marketing - Chapter 1

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Type of market which consist of consumers who purchase goods/services for personal use.

a)

Business Market

b)

Consumer Market

c)

Industrial Market

d)

Producer Market

2.

Information about the target market, such as age, income level, ethnic background, and occupation.

a)

Consumer

b)

Market Shart

c)

Customer Profile

d)

Marketing Mix

3.

Involves changing raw materials or putting parts together to make them more useful - end result is making a product.

a)

form utility

b)

information utility

c)

place utility

d)

time utility

4.

ALL people who share similar nees/wants.

a)

customer profile

b)

target market

c)

services

d)

market

5.

The PROCESS of planning, pricing, promoting, selling and distributing ideas/goods/services to customers.

a)

Promotion

b)

Marketing

c)

Target Market

d)

Customer Profile

6.

This includes business-to-business (B2B) in which companies buy parts for use in their products from other companies.

a)

business market

b)

consumer market

c)

industrial market

d)

producer market

7.

The process of classifying (sorting) customers by their needs and wants.

a)

market share

b)

market segmentation

c)

industrial market

d)

marketing mix

8.

A company's percentage of total sales generated by all companies that compete in a given market, such as cellphones.

a)

market share

b)

market segmentation

c)

consumer market

d)

marketing mix

9.

By having the product available to purchase at a certain time of year.

a)

form utility

b)

information utility

c)

place utility

d)

time utility

10.

The exchange of money to obtain a product or service. How did you pay for the product?

a)

form utility

b)

place utility

c)

possession utility

d)

time utility