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WorksheetsRelevel BD Round 2 MCQ Set 5
Total questions: 70
Worksheet time: 35mins
What are farm products such as livestock, vegetables, wheat and cotton?
materials and parts in industrial product
supplies and services
capital items
consumer products
What are cars, food items and computers?
tangible products
exchange of goods
product marketing
ownership of nothing
According to the four Ps of customers, what is communication a part of?
Product
Price
Promotion
Place
The introduction of which of the following is a result of market development?
New product in existing market
Existing product in new market
Existing product in existing market
New products in new markets
Who handles pricing strategies in smaller companies?
divisional manager
top management
sales manager
marketing manager
How can one assess Return on Investment (ROI) in marketing?
Brand awareness
Market share
Increase in sales
All of above
What is the kind of contractual VMS (Vertical Marketing System) in which the franchisor links different stages in the distribution-production process?
franchise organization
member organization
link organization
administered organization
On what basis are industrial products classified?
types of customers
types of usage
types of quantity
types of positioning
Nivea has introduced and continues to market products for men, like body wash and shaving gels. What is this an example of?
geographic segmentation
gender segmentation
psychographic segmentation
behavioral segmentation
What does the marketing strategy start with?
Targeting
Market segmentation
Positioning
Differentiation
What are natural products such as fish, crude petroleum and iron?
convenience consumer products
specialty consumer products
materials and parts in industrial product
capital items
What must a company do to create profit?
Create loyal customers
Increase market share of market
capture lifetime value of customer
All of above
Where is the customer buying behavior such as little planning before buying products included?
convenient specialty products
unsought products
sought products
convenient products
At what price is it marked that profits lesser than this would not be accepted?
cost ceiling
cost floor
price ceiling
price floor
Which products are usually distributed through fewer stores but with increased customer services?
shopping specialty products
less convenient sought products
shopping products
unsought industrial product
What is the specific amount of money demanded by companies from customers for its product or services?
price
tax
discount
value added tax
Which among the following is a classic example of blood donations to the Red Cross?
unsought consumer products
sought services
sought industrial product
unsought augmented product
In the purchase of which of the following products do strong brand preferences and loyalty play a role?
industrial products
unsought consumer products
sought industrial product
specialty products
How many types of consumer products exist?
Two types
Three types
Four types
Five types
What should the entire marketing strategy of a company support?
Point of Differentiation
Positioning strategy
Targeting
Both b and c
What is the logistics network that moves the materials from suppliers to the manufacturing unit classified as?
inbound distribution
outbound distribution
forward distribution
reverse distribution
What is the market which is segmented on the basis of a negative and hostile attitude towards the product considered as?
geographic segmentation
demographic segmentation
psychographic segmentation
behavioral segmentation
What are the convenience products in industrial markets also known as?
industry supplies
industry services
industry capital items
industry material and parts
In marketing intermediaries, what is the way of distribution in which the product is stocked in many possible outlets?
inclusive distribution
exclusive dealing
selective distribution
intensive distribution
If the cost of a product is $30 and the profit margin for each unit is $3, what price must be charged to the customers?
$30
$33
$27
$34
What is the selection of one or more segments to enter?
Market segmentation
Targeting
Differentiation
Positioning
What is set/fixed by the cost of products or services?
floor for cost
ceiling for prices
floor for prices
ceiling for cost
What are the goods, services or ideas that are perceived as new by potential customers?
adoption process
new product
existing product
none of above
What does the buyer's black box consist of?
characteristics of buyers
technological factors
the cultural environment
the economic environment
What is the sample selected by the researcher at his/her own ease/comfort?
stratified random sample
cluster sample
simple random sample
convenience sample
What is the classification of the sense and need of belonging according to Maslow’s Hierarchy of Needs?
physiological needs
social needs
safety needs
esteem needs
In which of the following samples does the researcher interview a specific number of people?
stratified random sample
quota sample
simple random sample
convenience sample
What is the brand's superiority based on?
point of differences
points of priority
points of membership category
point of similarities
Classify promotion tools such as sweepstakes, event sponsorships, samples and coupons.
organizational promotion
consumer promotions
inbound promotion
outbound promotion
What is the kind of cost that is directly proportional to the level of production?
total costs
overhead costs
variable costs
fixed costs
Identify the pricing strategy in which the prices of products are set according to the perception of buyers rather than the cost of sellers.
competition based pricing
discount and bonus pricing
customer value based pricing
cost based pricing
How is the collection, analysis and reporting of available data for any given marketing situation classified?
external databases
outsourced databases
marketing research
both a and b
How many types of reassert instruments are available to the market researcher?
Two types
Three types
Four types
Five types
What is the consumer promotion technique according to which product consumers are told to submit their names for drawing?
cash refunds
cash sample
sweepstakes
cents off deals
What does the 'probability sample' include?
judgment sample
simple random sample
quota sample
convenience sample
If customers perceive that the price of a product is less than the value it provides to him/her, what will he/she do?
would buy product
would not buy product
would get free products
would get discount
Classify the information obtained from the company's network data sources.
internal databases
external databases
outsourced databases
both a and b
What is the consumer promotion technique in which the customer purchase proof is sent to the manufacturer who in turn refunds a part of the price?
cash refund
coupon
sample
premium
What do the research approaches in marketing research exclude?
experimental research
observational research
ethnographic research
survey research
According to consumer promotion techniques, what are the cash refunds also classified as?
price packs
sweepstakes
point of purchase promotions
cash rebates
What are the points to consider while measuring the major dimensions of a consumer’s lifestyle?
activates
interests
opinions
all of above
In which sample does each member of the selected sample have an equal chance of selection?
stratified random sample
cluster sample
simple random sample
convenience sample
What is the concept that states information about value, opportunities and rewards of good performance as thought by sales people?
organizational climate
media climate
sales climate
outbound climate
Identify the individual who represents the company by selling, servicing, gathering information and prospecting.
sales person
promoting manager
prospering manager
persuasion manager
From where are the random samples drawn from mutually exclusive groups?
stratified random sample
cluster sample
simple random sample
convenience sample
Identify the pricing strategy in which prices are based on strategies, costs, market offerings and prices of competitors.
learning pricing
marginal pricing
competition based pricing
demand based pricing
Name the series of steps that must be followed by sales people.
marketing process
selling process
intermediation process
nominal process
What is the short-term benefit given to the customers to attract more customers?
sales promotion
inbound promotion
outbound promotion
organizational promotion
In marketing research, what type of an example is asking preferences and questions about buying behavior?
experimental research
ethnographic research
observational research
survey research
What is the first step in the personal selling process?
prospecting and qualifying
pre-approach
approach
presentation and demonstration
What is the kind of information the consumer obtains from mass media and internet searches?
personal sources
commercial sources
public sources
all of above
What can the internal limitations of an organization be classified as?
Strengths
Weaknesses
Opportunities
Threats
Identify the discomfort at the buyers’ end caused by conflict in post-purchase behaviour.
cognitive dissonance
post purchase behavior
both a and b
none of the above
Name the research that is completed to test hypotheses.
casual research
exploratory research
descriptive research
both a and c
What is the kind of channel arrangement in which the retailers, wholesalers and producers act as a single system?
conventional distribution channel
horizontal marketing system
vertical marketing system
static distribution channel
What is the marketing system in which two or more companies join at one level to seek new marketing opportunities?
horizontal marketing system
vertical marketing system
static marketing system
flexible marketing system
The new development process consists of detailed steps. How many steps does it have in total?
Five steps
Six steps
Seven steps
Eight steps
Which delivery network are marketing channels a part of?
wholesaler-customer delivery network
customer-value delivery network
retailer-wholesaler delivery network
customer-retailer delivery network
Name the set of organizations interdependent on each other that help in making market offerings available to customers.
interactive channels
marketing channels
pricing channels
basing point channels
What is the highly automated storage house that receives products from various suppliers, stores the goods and sends orders to customers?
exclusive center
distribution center
inbound center
outbound center
What is the course of sales and profits of a product during its whole life called?
product life cycle
customer lifetime value
product management
marketing management
In the new product development stage, what is the testing undertaken to understand whether the idea has strong appeal?
concept development
concept testing
material testing
market screening
Classify the arrangement of the vertical management system in which non-dependent firms work together for production and distribution through contracts.
full time VMS
contractual VMS
administered VMS
corporate VMS
What is the marketing channel that involves no intermediaries to make their products available to final buyers?
direct channel
indirect channel
flexible channel
static channel
What must the management of a new product development strategy include?
customer centered development
team based development
systematic product development
all of above
