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Marketing Review for Final Exam P2

Total questions: 50

Worksheet time: 26mins

Name
Class
Date
1.

What is it called when a person negotiated right to use logos and names on retail products?

a)

advertising

b)

sponsorship

c)

sales promotion

d)

slotting allowance

2.

What is an item such as a coupon or factory pack that is free to consumers as a condition of purchase?

a)

pull policy

b)

push policy

c)

premium

d)

advertising

3.

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?

a)

push policy

b)

pull policy

c)

premium

d)

sponsorship

4.

When a manufacture convinces a retailer to stock products being promoted is known as what?

a)

push policy

b)

pull policy

c)

advertising

d)

sponsorship

5.

Alert to changes in laws and regulations for businesses is known as what?

a)

market segmentation

b)

external opportunities

c)

implementation

d)

sales promotion

6.

Separating large groups into smaller, precise groups based on characteristics is known as what?

a)

external opportunities

b)

implementation

c)

market segmentation

d)

slotting allowance

7.

A form of non-personal promotion is called what

a)

advertising

b)

sponsorship

c)

premium

d)

implantation

8.

These are incentives that encourage businesses or customers to buy products or services which are known as what?

a)

sales promotion

b)

advertising

c)

premium

d)

market segmentation

9.

When a company puts a Marketing Plan into action and then manages it, it is called what?

a)

premium

b)

implementation

c)

advertising

d)

sponsorship

10.

Product, Place, Price, Promotion is called

(a)  

11.

S in SWOT stands for

a)

Strong

b)

Symbol

c)

Strengths

d)

Social

12.

W in SWOT stands for

a)

Weaknesses

b)

Wrong

c)

Wellness

d)

Whatever

13.

O in SWOT stands for

a)

Operation

b)

Opportunities

c)

Overall

d)

Opinion

14.

T in SWOT stands for

a)

Terrible

b)

Table

c)

Technology

d)

Threats

15.

Questions that require more than a “yes” or “no” answer are called (a)   questions.

16.

____________________ is an important interpersonal skill demonstrated by giving customers undivided attention when selling.

a)

talking

b)

listening

c)

demonstrating

d)

responding

17.

When a product’s demand and production increase, ____________________ usually decreases.

a)

price

b)

supply

c)

demand

d)

market

18.

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?

a)

boomerang

b)

demonstration

c)

substitution

d)

superior point

19.

What is the percentage of repeat customers for successful businesses?

a)

20%

b)

15%

c)

75%

d)

80%

20.

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?

a)

target market

b)

market

c)

market share

d)

market segmentation

21.

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?

a)

demographics

b)

geographic

c)

psychographics

d)

behavior characteristics

22.

When lawmakers put into place the “Do Not Call Registry” this falls under what category for PEST

a)

political

b)

economic

c)

soci-cultural

d)

technology

23.

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.

a)

place

b)

possession

c)

time

d)

form

24.

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?

a)

economic

b)

political

c)

technology

d)

soci-cultural

25.

Which economic utility is when Apple gets the glass and plastic from different places and then puts it together to create the Iphone?

a)

possession utility

b)

form utility

c)

information utility

d)

place utility

26.

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?

a)

price

b)

need

c)

source

d)

product

27.

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?

a)

limited decision making

b)

routine decision making

c)

extensive decision making

d)

previous decision making

28.

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?

a)

extensive decision making

b)

limited decision making

c)

routine decision making

d)

previous decision making

29.

The first step in the sales process in retail sales is doing what?

a)

determine the needs

b)

present the product

c)

overcome objectives

d)

approach the customer

30.

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?

a)

telemarketing

b)

cold call

c)

personal selling

d)

trade

31.

St. Louis Post Dispatch calls my phone to try to get me to subscribe to the newspaper. This is know as what?

a)

telemarking

b)

cold call

c)

personal selling

d)

organizational selling

32.

Dave Sinclair Ford has its sales manager set sales goals for it salesmen for each month. These goals would be known as what?

a)

call report

b)

sales limit

c)

sales quota

d)

sales pressure

33.

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?

a)

call report

b)

rewards program

c)

sales quota

d)

sales

34.

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?

a)

extensive

b)

routine

c)

emotional

d)

limited

35.

What type of objection is the following:-“I do not like those dress shirts because they do not have a button down collar”

a)

need

b)

product

c)

source

d)

time

36.

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.”

a)

need

b)

product

c)

source

d)

time

37.

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?

a)

developing and nurturing relationship

b)

offering related merchandise

c)

recommending larger quantities

d)

calling attention to special sales opportunities

38.

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?

a)

Boomerang

b)

demonstration

c)

3rd Party

d)

Superior Point

39.

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.

a)

brand loyalty decision making

b)

limited decision making

c)

routine decision making

d)

extensive decision making

40.

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?

a)

patronage motive

b)

limited decision making

c)

routine decision making

d)

stable decision making

41.

Chick-Fil-a started selling its products in West County mall. What type of marketing decision was this?

a)

product

b)

place

c)

price

d)

promotion

42.

This group of people are born after WW2.

a)

Generation Z

b)

Generation X

c)

Generation Y

d)

Baby Boom Generation

43.

People who like to watch St. Louis Blues games spend their money on ticket, memorabilia, and gear. What segmentation would this fall under?

a)

demographics

b)

geographic

c)

psychographics

d)

behavior characteristics

44.

The money I receive in my paycheck after taxes from Burger King is called what?

a)

disposable income

b)

discretionary income

45.

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?

a)

disposable income

b)

discretionary income

46.

Which of the following is not included into the PEST Analysis?

a)

Political Issues

b)

Soci-Culture Factors

c)

Trade

d)

Economic

47.

Sales promotion activities targeted for manufacturers, wholesalers, and retailers are called ____________________ promotions.

a)

sales

b)

trade

c)

trade show

d)

sales force

48.

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?

a)

cross selling

b)

cross promotion

c)

promotional tie-in

d)

trade promotion

49.

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 ____________________.

a)

deal

b)

sponsorship

c)

product sample

d)

incentives

50.

“How would you like to pay for this—with cash or credit?” is a question to be used during a(n) ____________________ close.

a)

standing room only

b)

which

c)

direct

d)

service