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Marketing Chapter 1

Total questions: 35

Worksheet time: 18mins

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.

ALL people who share similar nees/wants.

a)

customer profile

b)

target market

c)

services

d)

market

4.

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

a)

Promotion

b)

Marketing

c)

Target Market

d)

Customer Profile

5.

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

6.

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

a)

market share

b)

market segmentation

c)

industrial market

d)

marketing mix

7.

How many Parts are in the Marketing Mix?

a)

7

b)

8

c)

2

d)

4

8.
_____________  decisions dictate how much to charge for goods and services in order to MAKE A PROFIT.
a)
Pricing
b)
Promotion
c)
Selling
d)
Market Planning
9.
Include four basic marketing strategies called the 4Ps. They are 
a)
place, price, product, purchase
b)
place, price, purchase, promotion
c)
place, price, promotion, product
10.

How the consumer gets the product

a)

Place/distribution

b)

Price

c)

Promotion

d)

Sales strategy

11.

This is the result of satisfying the customer's needs and wants.

a)

Market Share

b)

Profit

c)

Sales

12.

This are the basic reason or the minimum requirement consumers look for in a product or service.

a)

Needs

b)

Wants

c)

Expectations

13.

All of the choices are additional in the marketing mix except one:

a)

Physical Environment

b)

Process

c)

People

d)

Product

14.

This marketing mix makes the product affordable to the target market and reflect the value of benefits provided.

a)

Placement

b)

Promotion

c)

Price

d)

People

15.

Which of the choices are considered as strategic Ps of the marketing mix? Choose 2 option

a)

Physical Environment

b)

Process

c)

Product

d)

Placement

16.

Describes how a business blends the four marketing elements

a)

Marketing Promotion

b)

Promotional Mix

c)

Marketing Mix

d)

Promotional Marketing

17.

Which of the following is not always recognized as part of the marketing mix?

a)

Product

b)

Place

c)

Price

d)

Promotion

e)

People

18.

What is any form of communication used to persuade people to purchase a product?

a)

risk

b)

revenue stream

c)

promotion

d)

sponsorship

19.

Common characteristics of a group, such as age, marital status, gender, and income level is known as

a)

target market

b)

gross impression

c)

marketing mix

d)

demographics

20.

What is the primary focus of marketing?

a)

customer needs

b)

distribution of a product

c)

promotion of a product

d)

setting a price for your product that customers can afford

21.

What are the 4 P's of the Marketing Mix?

a)

Product, Place, Promotion, People

b)

Product, Place, People, Price

c)

Place, People, Price, Promotion

d)

Product, Place, Promotion, Price

22.

What does a business offer to customers to satisfy their needs?

a)

Promotion

b)

Price

c)

Product

d)

Discretionary income

23.

Involves the locations and methods used to make products available to customers

a)

Product

b)

Place

c)

Price

d)

Promotion

24.

Needs include all of the following EXCEPT ________.

a)

food

b)

knowledge

c)

affection

d)

the newest iphone

25.

Greg Williams now has the buying power to purchase the desktop computer that he has wanted for the last six months. Greg's want now has become a(n) ________.

a)

need

b)

necessity

c)

demand

d)

exchange

26.

Which of the following terms refers to sellers being preoccupied with their own products and losing sight of underlying consumer needs?

a)

vendor lock-in

b)

value proposition

c)

marketing myopia

d)

conspicuous consumption

27.

________ is the act of obtaining a desired object from someone by offering something in return.

a)

Valuation

b)

Exchange

c)

Market offering

d)

Confiscation

28.

Consumer research, product development, communication, distribution, pricing, and service are all core ________ activities.

a)

positioning

b)

marketing

c)

outsourcing

d)

production

29.

Which of the following refers to a set of benefits that a company promises to deliver to customers to satisfy their needs?

a)

customer lock-in

b)

a cartel

c)

marketing mix

d)

value proposition

30.

Which of the following is the aim of the product concept?

a)

improve the marketing of a firm's best products

b)

market only those products with high customer appeal

c)

focus on the target market and make products that meet those customers' demands

d)

focus on making continuous product improvements

31.

Which of the following marketing orientations holds that achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better than competitors do?

a)

the product concept

b)

the production concept

c)

the selling concept

d)

the marketing concept

32.

The marketing mix can best be described as which of the following?

a)

The elements a marketer is attempting to sell.

b)

The variables marketers control to influence a business’ success.

c)

The pieces necessary to create an advertisement0.

d)

The ways a business can benefit from marketing.

33.

Which of the following is NOT one of the “four Ps”?

a)

Presentation

b)

Promotion

c)

Product

d)

Price

34.

The element of the marketing mix known as “place” refers to which of the following?

a)

Where the raw materials used to make products and services come from.

b)

Where products and services are manufactured

c)

Where products and services are made available to customers

d)

Where products and services are thrown away

35.

If you are shopping for a shirt and decide not to make a purchase because you cannot find your size, which element of the marketing mix has failed?

a)

People

b)

Product

c)

Presentation

d)

Promotion