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WorksheetsEntrep emzzz
Total questions: 90
Worksheet time: 57mins
4p's is consist of ?
pronoun,predicate,place,promting
product,price,place promotion
people,physical evidence,promotion,product
process, physical,people, promotion
Such mix of product, price, distribution, and promotional efforts is known as
(a)
“The ------- definition is simple.
Brand equity
Marketing Mix
Select the three p's added to complete the 7P's
Product
People
Physical Evidence
Process
Promotion
the term -----
refers to goods and services offered by the organization for sale.”
product
people
promotion
physical evidence
State one product classification based on ---
(a)
The product can be classified as: (a) Consumer Goods, (b) Industrial Goods.what type of classification is this?
(a)
The consumer goods can be further classified except for one
Convience goods
shopping goods
industrial goods
speciality goods
This includes items like toiletries, groceries, clothes etc.
(a)
Goods meant for personal consumption by the households or ultimate
consumers are called consumer goods.
Consumer Goods
Industrial Goods
Convenience Goods
Shopping Goods
Reason is these goods belong to the categories of convenience goods which
are bought frequently without much planning or shopping effort and are also consumed quickly.
(a)
It may be noted that ------- involve much more expenses than convenience goods.
Convenience Goods
Shopping Goods
Specialty Goods
Industrial Goods
These are goods which are purchased less frequently and are used
very slowly like clothes, shoes, household appliances.
(a)
All are examples of specialty goods expect for one
Cameras
TV sets
new automobiles
Groceries
They are ready to buy these goods at prices at which they are offered and put in extra time to locate the seller to make the purchase.
Speciality Goods
Shopping Goods
Convenience Goods
“Goods intended for consumption or use as inputs in the manufacture of
other products or the supply of some service are called -------
Industrial Goods
Speciality Goods
Convenience goods
shopping Goods
select all meant for non-personal and commercial use and include
raw materials
components
machinery
water
Give atleast one type of products that can be classified based on durability
(a)
are products which are used for a long period i.e., for months
or years together.
(a)
are products that are normally consumed in one go
or last for a few uses.”
(a)
Most goods, whether these are consumer goods or industrial goods and
whether these are durable or non-durable, fall in this category as they have a physical form, that can be touched and seen.
Tangible Goods
intangible Goods
select all tangible goods
hotel service
machinery
banking
soaps
Select all Intangible Goods
Foods
medical treatment
school supplies
insurance services
Service is a type of intangible goods
TRUE
FALSE
Groceries are intangible goods
TRUE
FALSE
MAYBE
The ------ is the amount paid in respect of a good or service. It is the second most
significant marketing mix item. It's a difficult job to set the --------.
PRICE
PEOPLE
PROMOTION
PRODUCT
These are The factors usually considered while determining the price of a product can be broadly described as follows except for ONE
Cost
Marketing Objectives
Competition
essential act
Higher the rate, the higher the price is likely to be, the
lower the price is likely to be.
Cost
Demand
Competition
Marketing Objectives
No company will succeed unless their manufacturing and distribution
costs are covered.
(a)
If the availability of a product is insufficient and the demand is high, people buy, even if the producer charges high prices.
Demand
Competition
Marketing mix
Marketing objectives
A marketeer would not like to charge a price higher than the
competitor for fear of losing customers.
Competition
Demand
Cost
Price
A firm may have different ------ such as
maximization of profit, maximization of sales, bigger market share, survival in the market and so on.
Marketing Objectives
Government Regulation
Competition
Cost
The prices have to be determined accordingly.
(a)
prior to liberalization of the economy, cement and steel prices were decided by the government. What type of PRICING AND FACTORS AFFECTING PRICING DECISIONS?
(a)
Select the accurate definition for Government Regulation
The price charged by the competitor for similar product is an
important determinant of price.
has a big influence on the price.
Prices of some essential products are regulated by
the government under the Essential Commodities Act.
The price charged by the competitor for similar product is an
important determinant of price.
These must be made available to
customers at a location where they can make transactions conveniently.
(a)
A channel of distribution thus, refers to the pathway used by
the manufacturer for transfer of the ownership of goods and its physical transfer to theconsumers and the user/buyers (industrial buyers).
Kotler (2010)
Kotler, (2010)
Kotler
Philip Kotler
This type of distribution channel
is preferred by manufacturers of consumer durables like refrigerator, air conditioner, washing machine, etc. where individual purchase involves large amount.”
Zero stage channel of distribution
One stage channel of distribution
Two stage channel of distribution
Three stage channel of distribution
One stage channel of distribution moves from ----- to ----- to -----
Manufacturer
Retailer
Consumer
Wholesaler
This direct contact with the consumer can be made through door to
door salesmen, own retail outlets or even through direct mail.
Zero stage channel of distribution
One stage channel of distribution
Two stage channel of distribution
Three stage channel of distribution
In zero stage channel of distribution it is from ----- to ------
Manufacturer to Consumer
Consumer to Manufacturer
Manufacturer to Co-owner
Man-made to canteens
Two stage channel of distribution moves from ----- to ----- to ----- to ----
Manufacturer
Retailer
Consumer
Wholesaler
Agent
What type of Channel Distribution is this?
Zero stage channel of distribution
One stage channel of distribution
Two stage channel of distribution
Three stage channel of distribution
What type of Channel Distribution is this?
Zero stage channel of distribution
One stage channel of distribution
Two stage channel of distribution
Three stage channel of distribution
What type of Channel Distribution is this?
Zero stage channel of distribution
One stage channel of distribution
Two stage channel of distribution
Three stage channel of distribution
Three stage channel of distribution moves from ----- to ----- to ----- to ---- to -----
Manufacturers-Agents-Wholesalers-Retailers-Consumers
Manufacturers-Retailers-Wholesalers-Agents-Consumers
Consumers-
Retailers-Manufacturers-Agents-Wholesalers
Wholesalers-Consumers-
Retailers-Manufacturers-Agents-
Agents-Wholesalers-Consumers-
Retailers-Manufacturers
This is the most used channel of distribution for the sale of consumer goods.
Zero stage channel of distribution
One stage channel of distribution
Two stage channel of distribution
Three stage channel of distribution
the manufacturers often use the services of mercantile agents who act as a link
between the producer and the wholesaler.
Zero stage channel of distribution
One stage channel of distribution
Two stage channel of distribution
Three stage channel of distribution
What type of Channel Distribution is this?
Zero stage channel of distribution
One stage channel of distribution
Two stage channel of distribution
Three stage channel of distribution
Select all the FACTORS AFFECTING THE CHOICE OF DISTRIBUTION CHANNEL
Nature of Market
Nature of Product
Nature of the Company
Middlemen Consideration
Consideration
having the necessary experience, contacts, financial strength, and integrity are available, their use is preferred as they can ensure success of newly introduced products.
Nature of Market
Nature of Product
Nature of the Company
Middlemen Consideration
In case the ------- is of technical nature involving a good amount of
pre-sale and after sale services, the sale is generally done through retailers without involving
the wholesalers.
Nature of Market
Nature of Product
Nature of the Company
Middlemen Consideration
where the number of buyers is limited, they
are concentrated at few locations and their individual purchases are large as is the case with industrial buyers, direct sale may be the most preferred choice. what kind of FACTORS AFFECTING THE CHOICE OF DISTRIBUTION CHANNEL is used?
Nature of Market
Nature of Product
Nature of the Company
Middlemen Consideration
most business firms prefer not to create
their own distribution channel and concentrate on manufacturing.
Nature of Market
Nature of Product
Nature of the Company
Middlemen Consideration
------ is therefore an essential component of a marketing mix, as it refers to a process of
educating, persuading and motivating a customer to select the product to be purchased.
(a)
select all the main objective of promotion is to seek buyers’ attention towards the product with a view
arouse his interest in the product
inform him about its availability
inform him as to how is it different from others.
to convey persuasive message
A firm uses different tools for its promotional activities which are stated below except for?
Advertising
Publicity
Personal selling
promotion
It is a paid form of non-personal communication through different media about a product, idea, a service or an organization by an identified sponsor.
Advertising
Publicity
Personal selling
Sales promotion
It is
published or broadcasted without charging any money from the firm.
Advertising
Publicity
Personal selling
Sales promotion
It is a direct presentation to
consumers or prospective purchasers of the product.It is
published or broadcasted without charging any money from the firm.
Advertising
Publicity
Personal selling
Sales promotion
The tool includes competitions, games, gifts, trade shows,
discounts, and so on.
Advertising
Publicity
Personal selling
Sales promotion
This is perhaps especially true of customer-facing staff, whose communication and
behavior will greatly impact the audience’s perception of the brand.
People
Publicity
Personal selling
promotion
This includes anybody
directly or indirectly involved in the product or service.
The Importance of People within the Marketing Mix
People Who Make the Products
People Who Bring the Products to the Customers
People Who Talk to the Customers
Companies will take time to hire people with skills and
experience in the field in which they work.
The Importance of People within the Marketing Mix
People Who Make the Products
People Who Bring the Products to the Customers
People Who Talk to the Customers
If those people fail, the company will
not be able to create a substantial customer base for the profitability of their business.
The Importance of People within the Marketing Mix
People Who Make the Products
People Who Bring the Products to the Customers
People Who Talk to the Customers
Customers are always keen to be assured of being
able to talk to people who are ready and able to help with problems or concerns about the products they have purchased or services they have used.
The Importance of People within the Marketing Mix
People Who Make the Products
People Who Bring the Products to the Customers
People Who Talk to the Customers
The ------ involved in a product’s delivery will significantly affect the customer’s experience, level of satisfaction, and lifetime value to your business.
Processes
People
Promotion
Product
In order to reinforce the product’s and the seller’s credibility, these components should exhibit the qualities customers expect of them, based on up-todate industry standards.
Physical evidence
Promotion
People
Product
In a nutshell, ------- is all about ensuring every component involved with the product adheres to the same brand values as the product itself.
Physical evidence
Promotion
People
Product
All are stated in Brand Equity except for?
Buyers are satisfied and there’s no reason to change.
Customer creates a strong relationship on the brand.
The Benefits of Creating a Power Brand
Can easily charge a premium price.
Select all stated sentences for Brand Equity
It is said that the premium and reputable a brand can always command
and dictate the competition in the market.
When you establish a name and it becomes a brand, it is said to have
equity.
Buyers are satisfied and there’s no reason to change.
Can easily charge a premium price.
Competitive Advantages of Brand Equity
:It Reduces marketing costs and expenses
TRUE
FALSE
It reduces harm to company reputation if the brand fails due to its
establish reputation.
Advantages of Branding
Competitive Advantages of Brand Equity
Brand Equity
Provides an opportunity to develop loyal and profitable group of buyers
Advantages of Branding
Competitive Advantages of Brand Equity
Brand Equity
What do power brands have that others don’t?
A distinctive product
Delivering brand promise
It reduces harm to company reputation if the brand fails due to its
establish reputation.
Personality and presence
Brand managers companies need:
Superior insight into customer needs
Ability to devise product/services that powerfully meet those needs
Agility to redefine its offering as those needs change
Creativity to produce exciting and compelling advertising
IT IS CONSISTS OF SHAPE, COLOR, SIZE, MODELS, PRICE, FEATURES, BENEFIT
Tangibles of strong brand
Intangibles of a strong brand
IT IS CONSISTS OF Company name
● Brand name
● Slogan and its underlying associations Perceived quality
● Brand awareness
● Customer base
● Trademarks and patents
● Channel relationships
● Customer loyalty
● Customer confidence
● Competitive advantage
Tangibles of strong brand
Intangibles of a strong brand
IT IS CONSISTS OF
Customer confidence
Tangibles of strong brand
Intangibles of a strong brand
IT IS CONSISTS OF
COLOR
Tangibles of strong brand
Intangibles of a strong brand
WHAT P IS NUMBER 1
(a)
WHAT P IS NUMBER 2
(a)
WHAT P IS NUMBER 3
(a)
WHAT P IS NUMBER 4
(a)
WHAT P IS NUMBER 5
(a)
WHAT P IS NUMBER 6
(a)
WHAT P IS NUMBER 7
(a)
Kotler made all the distribution of channels
true
false
Product can be broadly classified based on
(1) use,
(2) durability, and
(3) tangibility.
TRUE
FALSE
According to ------- “Marketing Mix is the set of controllable variables that the firm
can use to
influence the buyer’s response”.
Philip Kotler
albert einstein
Michael Bolton
philippians
