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Business Strengths and Weaknesses

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

What is Unique Selling Proposition (USP) ?

a)

Anything that makes our business better / stand out than the competition

b)

Something that makes our business better / stand out than the competition

c)

the one thing that makes our business better / stand out than the competition

d)

All of things that makes our business better / stand out than the competition

2.

What is the aim of marketing?

a)

To satisfy competitor's needs and wants

b)

To satisfy customer's needs and wants

c)

To apply the marketing mix

d)

To win the competitors

3.

What are the 4 p's?

a)

Prosperity, Place, Product, Perserverance

b)

Price, Product, Promotion, Place

c)

Public, Place, Product, Price

d)

Property, Phone, Pinoy, Poem

4.

What is the marketing mix?

a)

Strategy for using the four P's of marketing

b)

System of gathering, storing and using customer data for marketing purposes

c)

A description of the typical consumer in a market segment

d)

A large group of people who might buy a product

5.

Process of communicating with potential consumers in an effort to influence their buying behavior

a)

Marketing strategy

b)

Personal influence

c)

Promotion

d)

Situational influence

6.

What is the main focus of Product concept?

a)

Attracting consumers

b)

Consumer satisfaction

c)

Quality of product

d)

Consumer welfare

7.

What is meant by 'Place' in business?

a)

Where a business owner lives

b)

Where a business is

c)

Where a business sends products

d)

Where customer live

8.

This is not an element of marketing mix.

a)

Product

b)

Advertising

c)

Price

d)

Place

9.

Another name's of 4 P's marketing

a)

Target market

b)

Marketing

c)

Marketing mix

d)

Marketing concept

10.

A company needs to have sufficient finance for advertising their product refer to

a)

Marketing concept

b)

Marketing mix

c)

Marketing trend

d)

Marketing fund

11.

What is a disadvantage of Television advertising?

a)

It is expensive

b)

It reaches a wide audience

c)

You can differentiate different target market

d)

All above

12.
Which of the following best describes quality?
a)
The service provided to a customer before, during and after purchasing.
b)
Products being made to a high standard to meet customer needs.
c)
A high level of productivity.
13.
Who needs to be satisfied with the quality of products?
a)
Rivals
b)
Suppliers
c)
Customers
14.
Which of the following is usually true about poor quality products?
a)
They are in demand
b)
They fail to meet customers expectations
c)
They are expensive
15.
What happens when a business produces faulty goods?
a)
It increases costs
b)
It increases costs and damages the reputation of the firm
c)
It is an example of Total Quality Management
16.
What happens to products that don't meet the standard set?
a)
They are sold at full price
b)
They are discarded
c)
Given away to staff
17.
What is the best methods of improving quality
a)
Expansion
b)
Lowering costs
c)
Staff and Management Training
18.
Promotion means - 
a)
any form of communications that is used to persuade people to buy a company's product.
b)
to move from one place to another
c)
to promote
d)
when students advance from one level to the next
19.
Define the term promotion
a)
The process of persuading customers to buy your product or service
b)
The price charged by businesses for products/services
20.

Newspapers, TV, radio, magazines, billboards, etc. are examples of...

a)

Advertising

b)

Publicity

c)

Sales Promotion

d)

Personal Selling