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WorksheetsMarketing Chapter 1
Total questions: 35
Worksheet time: 18mins
Type of market which consist of consumers who purchase goods/services for personal use.
Business Market
Consumer Market
Industrial Market
Producer Market
Information about the target market, such as age, income level, ethnic background, and occupation.
Consumer
Market Shart
Customer Profile
Marketing Mix
ALL people who share similar nees/wants.
customer profile
target market
services
market
The PROCESS of planning, pricing, promoting, selling and distributing ideas/goods/services to customers.
Promotion
Marketing
Target Market
Customer Profile
This includes business-to-business (B2B) in which companies buy parts for use in their products from other companies.
business market
consumer market
industrial market
producer market
The process of classifying (sorting) customers by their needs and wants.
market share
market segmentation
industrial market
marketing mix
How many Parts are in the Marketing Mix?
7
8
2
4
How the consumer gets the product
Place/distribution
Price
Promotion
Sales strategy
This is the result of satisfying the customer's needs and wants.
Market Share
Profit
Sales
This are the basic reason or the minimum requirement consumers look for in a product or service.
Needs
Wants
Expectations
All of the choices are additional in the marketing mix except one:
Physical Environment
Process
People
Product
This marketing mix makes the product affordable to the target market and reflect the value of benefits provided.
Placement
Promotion
Price
People
Which of the choices are considered as strategic Ps of the marketing mix? Choose 2 option
Physical Environment
Process
Product
Placement
Describes how a business blends the four marketing elements
Marketing Promotion
Promotional Mix
Marketing Mix
Promotional Marketing
Which of the following is not always recognized as part of the marketing mix?
Product
Place
Price
Promotion
People
What is any form of communication used to persuade people to purchase a product?
risk
revenue stream
promotion
sponsorship
Common characteristics of a group, such as age, marital status, gender, and income level is known as
target market
gross impression
marketing mix
demographics
What is the primary focus of marketing?
customer needs
distribution of a product
promotion of a product
setting a price for your product that customers can afford
What are the 4 P's of the Marketing Mix?
Product, Place, Promotion, People
Product, Place, People, Price
Place, People, Price, Promotion
Product, Place, Promotion, Price
What does a business offer to customers to satisfy their needs?
Promotion
Price
Product
Discretionary income
Involves the locations and methods used to make products available to customers
Product
Place
Price
Promotion
Needs include all of the following EXCEPT ________.
food
knowledge
affection
the newest iphone
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) ________.
need
necessity
demand
exchange
Which of the following terms refers to sellers being preoccupied with their own products and losing sight of underlying consumer needs?
vendor lock-in
value proposition
marketing myopia
conspicuous consumption
________ is the act of obtaining a desired object from someone by offering something in return.
Valuation
Exchange
Market offering
Confiscation
Consumer research, product development, communication, distribution, pricing, and service are all core ________ activities.
positioning
marketing
outsourcing
production
Which of the following refers to a set of benefits that a company promises to deliver to customers to satisfy their needs?
customer lock-in
a cartel
marketing mix
value proposition
Which of the following is the aim of the product concept?
improve the marketing of a firm's best products
market only those products with high customer appeal
focus on the target market and make products that meet those customers' demands
focus on making continuous product improvements
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?
the product concept
the production concept
the selling concept
the marketing concept
The marketing mix can best be described as which of the following?
The elements a marketer is attempting to sell.
The variables marketers control to influence a business’ success.
The pieces necessary to create an advertisement0.
The ways a business can benefit from marketing.
Which of the following is NOT one of the “four Ps”?
Presentation
Promotion
Product
Price
The element of the marketing mix known as “place” refers to which of the following?
Where the raw materials used to make products and services come from.
Where products and services are manufactured
Where products and services are made available to customers
Where products and services are thrown away
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?
People
Product
Presentation
Promotion
