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MKTPR 1st year quiz

Total questions: 40

Worksheet time: 20mins

Name
Class
Date
1.

The products that are sold through wide spread network are classified as:

a)

Convenience products

b)

shopping products

c)

unsought products

d)

sought consumer products

2.

The ________ consists of all the organizations that acquire goods and services used in the production of other services or products that are sold, rented or supplied to others.

a)

Consumer Market

b)

Organizational Market

c)

Government Market

d)

None of the above

3.

Fewer, larger buyers is the key characteristic of _________

a)

Business market

b)

Consumer market

c)

Both a and b

d)

None of the above

4.

What is the term for a market that is defined by specific characteristics?

a)

Market niche

b)

Market division

c)

Market characteristic

d)

Market segment

5.

Bread and milk are which kind of products?

a)

Specialty Products

b)

Convenience products

c)

Shopping products

d)

Unsought products

6.

Adding new features to a product is advocated by which of the approaches?

a)

Product Approach

b)

Production Approach

c)

Marketing Approach

d)

Selling Approach

7.

Which of the following is considered a “key player” in the marketing industry?

a)

Marketer

b)

Suppliers or vendors

c)

Distributors or retailers

d)

All of the above

8.

________ markets include a wide variety of profit and nonprofit organizations, such as hospitals, government agencies, and schools, which provide goods and services for the benefit of society.

a)

Consumer

b)

Business-to-business (Industrial)

c)

Reseller

d)

Institutional

9.

Buying of supplies by the MIRA will be classified as:

a)

Business markets

b)

Reseller markets

c)

Government markets

d)

International markets

10.

Which of the following is NOT considered a type of reseller?

a)

Wholesaler

b)

Retailer

c)

Manufacturer

d)

Distributor

11.

The goods that are frequently and immediately bought by consumer's are called as:

a)

Unsought goods

b)

Convenience goos

c)

Shopping goods

d)

Specialty goods.

12.

The products that are bought to be used in conduct of business is called ...........

a)

Consumer products

b)

industrial products

c)

augmented products

d)

core customer value

13.

Extension of marketing activities across the globe is called as ______.

a)

International Business

b)

Universal Marketing

c)

International Marketing

d)

Borderless Marketing

14.

________ factors affects international marketing decisions.

a)

Political

b)

Economical

c)

Social

d)

All of the above

15.

______ refers to the selling of the products below the cost of production or at below the ongoing price in the market.

a)

Gate pricing

b)

Dumping

c)

Cheap pricing

d)

Countertrade

16.

An arrangement to pay for import of goods and services with something other than cash is known as _____.

a)

Countertrade

b)

Dumping

c)

Dropshipping

d)

Reversal buying

17.

Soap and Shampoo are which kind of products?

a)

Specialty Products

b)

Convenience products

c)

Shopping products

d)

Unsought products

18.

Brands have to keep updating their _________ overtime vis a vis newer and stronger competitors.

a)

Unique Selling Proposition

b)

Point of Differentiation

c)

Consumer research

d)

Repositioning

19.

The most basic level of a product is called the

a)

Core product.

b)

Basic product.

c)

Potential product.

d)

Augmented product

20.

The Parker pen company make good quality pens and pencils. Their ballpoint pens come in various styles and with different coloured ink. Which ring of the total product offering model does the coloured ink fit into?

a)

Core product.

b)

Basic product.

c)

Fundamental product.

d)

Augmented product

21.

Mary is getting married and she wants everything on the day to be perfect, especially the dress. What kind of product is a wedding dress?

a)

speciality

b)

convenience

c)

white goods

d)

accessory

22.

Sony laptops have a sticker on them which says ‘Intel inside’. This is an example of what?

a)

Store branding

b)

Family branding

c)

Individual branding

d)

Co- branding

23.

New product development involves:

a)

Efforts to create family legacy values

b)

Efforts to develop unique and novel products based on common platforms

c)

Efforts to address changes to minor flaws in existing products

d)

Efforts to create a new twist on an existing product design

24.

The product life cycle:

a)

Describes the stages a new product idea goes through from beginning to end.

b)

Has Six major stages.

c)

Applies more to individual brands than to categories or types of products.

d)

Shows that sales and profits tend to move together over time

25.

____________ is the process of finding and fixing the complete identification of any product.

a)

Product mixing

b)

Marketing

c)

Selling

d)

Branding

26.

In order to improve upon its competitive edge, ABC Limited has change the packaging of its hair care products. They are now available in a consumer friendly design, which has a nozzle attached to the lid so that at the time of usage, the consumer doesn’t need to open the cap of the bottle. Name the marketing function being explained in the given lines.

a)

Product designing and development

b)

Customer support services

c)

Promotion

d)

Physical distribution

27.

When Seema had sent her maid to the market to buy a pack of chips, she asked her specifically to bring the yellow coloured packet of chips of a particular brand. Identify the function of packaging being described in the above line.

a)

Helps in product identification

b)

Provides protection to the product

c)

Facilitates the use of product

d)

Assists in promotion of the product

28.

__________________________ are the goods used in producing the finished goods.

a)

Capital items

b)

Materials and parts

c)

Unsought products

d)

Impulse Goods

29.

_______ are goods that are used for manufacturing the product

a)

Capital items

b)

Materials and parts

c)

Unsought products

d)

Impulse Goods

30.

The _______of a product mix implies to the total number of items in the product mix.

a)

Length

b)

Depth

c)

Width

d)

Consistency

31.

The product is a combination of __________ and _______________.

a)

formal and augmented.

b)

tangible and intangible.

c)

core and augment.

d)

benefits and satisfaction

32.

Which of the following is not a classification of consumer goods?

a)

convenience goods.

b)

shopping goods.

c)

specialty goods.

d)

component goods.

33.

Which of the following is a shopping good for most people?

a)

Biscuits

b)

washing machine

c)

Mutual funds

d)

Rolls Royce.

34.

Which one of the following is an important source of idea generation due to their familiarity with the needs of market?

a)

Existing products and services

b)

Distribution channels

c)

Federal government

d)

Consumers

35.

Today the four Ps are compared to the four Cs. Product are called _____.

a)

Communication

b)

customer solution

c)

customer cost

d)

convenience

36.

Health insurance can be considered to be a ________.

a)

specialty product/service

b)

shopping product/service

c)

convenience product/service

d)

unsought product/service

37.

The term '________' refers to the number of product lines offered by a firm.

a)

secondary

b)

primary

c)

breadth

d)

depth

38.

In an inter collegiate quiz competition, the participants were shown empty bottles of soft drinks and were asked to identify the brands. All the participants were able to do so. Identify the related point highlighting the importance of packaging which is being described:

a)

Rising standards of health and sanitation

b)

Facilitates product differentiation

c)

Facilitates product differentiation

d)

Useful in self service outlets

39.

On visiting a supermarket to buy a pack of moisturizer, Manisha noticed that the packaging of most of the beauty products exhibited a photograph of a celebrity. Identify the related function of packaging being described:

a)

Facilitates the use of product

b)

Assists in promotion of the product

c)

Helps in product identification

d)

Provides protection to the product

40.

Shuvali went to a shop and expressed her desire to buy a copper water bottle only of Dr. Copper World company. Identify the component related to branding being described in the above case.

a)

Trademark

b)

Generic name

c)

Brand name

d)

Brand mark