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Principles of Marketing

Total questions: 35

Worksheet time: 22mins

Name
Class
Date
1.

Buyer and seller trade something of equal value

a)

A. Cause marketing

b)

B. Comprehensive

c)

C. Exchange

d)

D. Green Marketing

2.

It is also called as place branding attempts to exert a pull

customers to particular areas.

a)

A. Place marketing

b)

B. Cause Marketing

c)

C. Event Marketing

d)

D. Green Marketing

3.

It is a recognition and marketing of a social issues, cause or

idea to the target markets.

a)

A. Place marketing

b)

B. Cause Marketing

c)

C. Event Marketing

d)

D. Green Marketing

4.

The money earned by the organization is allocated for pursuing the organization’s objectives.

a)

A. Person Marketing

b)

B. Place marketing

c)

C. Cause Marketing

d)

D. Not-For- Profit Organization Marketing

5.

It focuses on the internal potentials of the company and

not based on the desires and needs of the market

a)

A. Sales Concept

b)

B. Marketing Concept

c)

C. Production Concept

d)

D. Relationship concept/marketing

6.

According to Forbes it is a strategy designed to foster customer loyalty, interaction and long-term engagement

a)

A. Relationship Marketing

b)

B. Traditional Marketing

c)

C. Consumer Marketing

d)

D. Relation Marketing

7.

Relationship marketing provide each customer with a smooth, timely and enjoyable business transaction.

a)

TRUE

b)

FALSE

8.

Successful businesses just only communicate with prospects and customers for sales.

a)

TRUE

b)

FALSE

9.

To build a relationship to your customers communicate to them frequently.

a)

TRUE

b)

FALSE

10.

Communicating to your client is a one-way process, you only have to tell them the benefits and usefulness of your product.

a)

TRUE

b)

FALSE

11.

Customers often make choices between parity products and services based on the perceived "customer experience”.

a)

TRUE

b)

FALSE

12.

Relationship marketing strategy creates strong customer bonds that lead to ongoing business with this customer, as well as free word of mouth promotion and lead generation.

a)

TRUE

b)

FALSE

13.

The best way to achieve an on-going relationship with clients is to understand customer experience management.

a)

TRUE

b)

FALSE

14.

One of the example of relationship marketing is launching a loyalty program that rewards customers for their continued patronage.

a)

TRUE

b)

FALSE

15.

Relationship marketing focuses on increasing the number of individual sales rather than customer’s service relation.

a)

TRUE

b)

FALSE

16.

It is the perception of what a product or service is worth to a Customer versus the possible alternatives.

a)

A. Customer Value

b)

B. Customer

c)

C. Value

d)

D. Worth

17.

What is "value for money”?

a)

A. price sensitive

b)

B. customer feels

c)

C. worth of something

d)

D. willing to pay for what they consider as benefits

18.

It is created just as much by a focus on processes and systems as much as it is by mind-set and culture.

a)

A. Customer

b)

B. Experience

c)

C. Marketing

d)

D. Value

19.

The following are the benefit of customer value, EXCEPT.

a)

A. Cost

b)

B. Marketing

c)

C. Relationship

d)

D. Quality

20.

Smiling at and being attentive to a Customer make feel the client welcome and well-appreciated.

a)

TRUE

b)

FALSE

21.

Giving the companies customers service hotlines to make it easier for them contact the business enterprise.

a)

TRUE

b)

FALSE

22.

Ignoring customers call and queries can enhance the value of the firm.

a)

TRUE

b)

FALSE

23.

Consists of the five types of markets in which the organization can sell: the consumers, producers, reseller, government and international markets.

a)

A. Competition

b)

B. Marketing Channel.

c)

C. Types of Market

d)

D. Internal Organization Environment.

24.

Identify the external and internal factors of marketing management level.

a)

A. Cultural

b)

B. Ecological

c)

C. Marketing channel

d)

D. Internal organization

25.

Consists of the competitors facing the organization.

a)

A. Competition

b)

B. Demographic

c)

C. Types of Market

d)

D. Organizational Objectives

26.

Technological

a)

MICRO

b)

MACRO

27.

The employee of the firm

a)

MICRO

b)

MACRO

28.

Age and gender of target customers

a)

MICRO

b)

MACRO

29.

What is the first step in the marketing research process?

a)

a. Analyze results

b)

b. Experiment

c)

c. Define the problem

d)

d. Conduct a survey

30.

Which of the following is an example of a primary data source:

a)

a. Inventory reports

b)

b. Sales Reports

c)

c. Survey

d)

d. Expense reports

31.

Which of the following isn’t collecting qualitative data?

a)

a. Do you like chocolate or vanilla, -yes or no?

b)

b. Describe the kind of toppings do you like on your pizza

c)

c. Why should phones be banned during school?

d)

d. How should you discipline a child?

32.

Maddle is creating a survey to determine student’s favourite place to shop. This type of research is:

a)

a. Primary

b)

b. Sales

c)

c. Secondary

d)

d. Product

33.

Which of the following is not the reason businesses use marketing research?

a)

a. Identify market opportunities

b)

b. Monitor market performance

c)

c. Solve Marketing problems

d)

d. Deciding when staff should have team meetings

34.

All the findings and the research are shown to the ______________ level viz.

a)

behaviour

b)

expensive

c)

top management

d)

quality

35.

Collecting information is one of the most __________

methods of marketing research.

a)

marketing mix

b)

expensive

c)

Market research

d)

process