Font size
WorksheetsMarketing Review for Final Exam P2
Total questions: 50
Worksheet time: 26mins
What is it called when a person negotiated right to use logos and names on retail products?
advertising
sponsorship
sales promotion
slotting allowance
What is an item such as a coupon or factory pack that is free to consumers as a condition of purchase?
pull policy
push policy
premium
advertising
This promotion is intended for the customer so that the retailers will have to have the product on hand because the customers will want it. This is called what?
push policy
pull policy
premium
sponsorship
When a manufacture convinces a retailer to stock products being promoted is known as what?
push policy
pull policy
advertising
sponsorship
Alert to changes in laws and regulations for businesses is known as what?
market segmentation
external opportunities
implementation
sales promotion
Separating large groups into smaller, precise groups based on characteristics is known as what?
external opportunities
implementation
market segmentation
slotting allowance
A form of non-personal promotion is called what
advertising
sponsorship
premium
implantation
These are incentives that encourage businesses or customers to buy products or services which are known as what?
sales promotion
advertising
premium
market segmentation
When a company puts a Marketing Plan into action and then manages it, it is called what?
premium
implementation
advertising
sponsorship
Product, Place, Price, Promotion is called
(a)
S in SWOT stands for
Strong
Symbol
Strengths
Social
W in SWOT stands for
Weaknesses
Wrong
Wellness
Whatever
O in SWOT stands for
Operation
Opportunities
Overall
Opinion
T in SWOT stands for
Terrible
Table
Technology
Threats
Questions that require more than a “yes” or “no” answer are called (a) questions.
____________________ is an important interpersonal skill demonstrated by giving customers undivided attention when selling.
talking
listening
demonstrating
responding
When a product’s demand and production increase, ____________________ usually decreases.
price
supply
demand
market
A customer at Dillard’s tells the salesperson, “I do not like the way this suit fits on me.” The salesperson replies “I think this Polo brand will fit you better and it has more options as far as colors go.” What method of handling objections is the salesperson using?
boomerang
demonstration
substitution
superior point
What is the percentage of repeat customers for successful businesses?
20%
15%
75%
80%
According to studies, 4 out of every 5 people who have a cell a phone has some type of an Iphone. This situation is called what?
target market
market
market share
market segmentation
The residents of North Dakota do not need to purchase surf boards for their house so their hardwood stores do not need to sell them. What segmentation would this fall under?
demographics
geographic
psychographics
behavior characteristics
When lawmakers put into place the “Do Not Call Registry” this falls under what category for PEST
political
economic
soci-cultural
technology
At the end of summer each year, the local office-supply store stocks school supplies to increase the school supplies’ ____________________ utility so that the school has all of its supplies for when school starts.
place
possession
time
form
When Congress passes a law which increases the minimum wage amount for the following calendar year, this falls under what category for the PEST analysis?
economic
political
technology
soci-cultural
Which economic utility is when Apple gets the glass and plastic from different places and then puts it together to create the Iphone?
possession utility
form utility
information utility
place utility
What type of objections is in when a person decides that he does not want to buy Nike products anymore because his Nike shorts just ripped while taking a jog?
price
need
source
product
I am thinking about moving to St. Charles area so I started to look at houses in that area. I had to look at all the houses that have been previously sold in that area to find out what the price of the house should be. When I decide to buy a house, what type of decision making should I decide?
limited decision making
routine decision making
extensive decision making
previous decision making
I decided to buy my wife a new Toyota Highlander for her birthday. Since I already own one of them, which I bought five years ago what type of buying decision do I need to make?
extensive decision making
limited decision making
routine decision making
previous decision making
The first step in the sales process in retail sales is doing what?
determine the needs
present the product
overcome objectives
approach the customer
A medical sales rep walks into a doctor’s office to try to convince them to start buying their products without advance notice. This type of sales is know as what?
telemarketing
cold call
personal selling
trade
St. Louis Post Dispatch calls my phone to try to get me to subscribe to the newspaper. This is know as what?
telemarking
cold call
personal selling
organizational selling
Dave Sinclair Ford has its sales manager set sales goals for it salesmen for each month. These goals would be known as what?
call report
sales limit
sales quota
sales pressure
I went to Circle K and got a Polar Pop, it happened to be my seventh one so it was free. This program that Circle K runs is called what?
call report
rewards program
sales quota
sales
Joe asked for help from a store technician in choosing a home entertainment center. Joe has purchased and installed several sound systems over the years. What type of decision making will they likely use to choose a home entertainment system?
extensive
routine
emotional
limited
What type of objection is the following:-“I do not like those dress shirts because they do not have a button down collar”
need
product
source
time
What type of objection is the following:-“I like these shoes but I already have two pairs of running shoes in my closet that I do not use.”
need
product
source
time
Colin sells baseball equipment at Johnny Macs Sporting Good Store. Just before he writes up a customer’s purchase, he shows the customer the store’s newest merchandise, particularly items that relate to the customer’s purchase. What method is Colin using to sell additional merchandise?
developing and nurturing relationship
offering related merchandise
recommending larger quantities
calling attention to special sales opportunities
A customer at the store tells the salesperson, “I cannot see how this machine can save me $1,000 in operating costs in the first year.” The salesperson replies “Frank Smith, one of my customers question me on the same point and now a year later he says that costs have go down $1,200 because of it’s efficiency.” What method of handling objections is the salesperson using?
Boomerang
demonstration
3rd Party
Superior Point
Jamie and Craig started a skateboard business in Craig’s garage. Now they have so many customers that they must find and rent store space. Selecting the space will require ____________________ decision making.
brand loyalty decision making
limited decision making
routine decision making
extensive decision making
Jason has always purchased Apple products since he has never had problems with those products without talking to anyone about it. He has decided to upgrade to an iPhone with the latest features. What decision-making process has he used?
patronage motive
limited decision making
routine decision making
stable decision making
Chick-Fil-a started selling its products in West County mall. What type of marketing decision was this?
product
place
price
promotion
This group of people are born after WW2.
Generation Z
Generation X
Generation Y
Baby Boom Generation
People who like to watch St. Louis Blues games spend their money on ticket, memorabilia, and gear. What segmentation would this fall under?
demographics
geographic
psychographics
behavior characteristics
The money I receive in my paycheck after taxes from Burger King is called what?
disposable income
discretionary income
After paying all my bills for the month, I had some money to buy tickets to the Blues game. The money that I used to buy tickets to the Blues game is called what?
disposable income
discretionary income
Which of the following is not included into the PEST Analysis?
Political Issues
Soci-Culture Factors
Trade
Economic
Sales promotion activities targeted for manufacturers, wholesalers, and retailers are called ____________________ promotions.
sales
trade
trade show
sales force
An airline and a car rental company might combine their promotional resources to create a campaign that increases sales for both companies. This arrangement is known as what?
cross selling
cross promotion
promotional tie-in
trade promotion
Mrs. Kim received a small box of Maple Oats and found she liked it. So she bought a box of the cereal at the market. The sales promotion technique used is what ____________________.
deal
sponsorship
product sample
incentives
“How would you like to pay for this—with cash or credit?” is a question to be used during a(n) ____________________ close.
standing room only
which
direct
service
