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Worksheets

Relevel BD Round 2 MCQ Set 5

Total questions: 70

Worksheet time: 35mins

Name
Class
Date
1.

What are farm products such as livestock, vegetables, wheat and cotton?

a)

materials and parts in industrial product

b)

supplies and services

c)

capital items

d)

consumer products

2.

What are cars, food items and computers?

a)

tangible products

b)

exchange of goods

c)

product marketing

d)

ownership of nothing

3.

According to the four Ps of customers, what is communication a part of?

a)

Product

b)

Price

c)

Promotion

d)

Place

4.

The introduction of which of the following is a result of market development?

a)

New product in existing market

b)

Existing product in new market

c)

Existing product in existing market

d)

New products in new markets

5.

Who handles pricing strategies in smaller companies?

a)

divisional manager

b)

top management

c)

sales manager

d)

marketing manager

6.

How can one assess Return on Investment (ROI) in marketing?

a)

Brand awareness

b)

Market share

c)

Increase in sales

d)

All of above

7.

What is the kind of contractual VMS (Vertical Marketing System) in which the franchisor links different stages in the distribution-production process?

a)

franchise organization

b)

member organization

c)

link organization

d)

administered organization

8.

On what basis are industrial products classified?

a)

types of customers

b)

types of usage

c)

types of quantity

d)

types of positioning

9.

Nivea has introduced and continues to market products for men, like body wash and shaving gels. What is this an example of?

a)

geographic segmentation

b)

gender segmentation

c)

psychographic segmentation

d)

behavioral segmentation

10.

What does the marketing strategy start with?

a)

Targeting

b)

Market segmentation

c)

Positioning

d)

Differentiation

11.

What are natural products such as fish, crude petroleum and iron?

a)

convenience consumer products

b)

specialty consumer products

c)

materials and parts in industrial product

d)

capital items

12.

What must a company do to create profit?

a)

Create loyal customers

b)

Increase market share of market

c)

capture lifetime value of customer

d)

All of above

13.

Where is the customer buying behavior such as little planning before buying products included?

a)

convenient specialty products

b)

unsought products

c)

sought products

d)

convenient products

14.

At what price is it marked that profits lesser than this would not be accepted?

a)

cost ceiling

b)

cost floor

c)

price ceiling

d)

price floor

15.

Which products are usually distributed through fewer stores but with increased customer services?

a)

shopping specialty products

b)

less convenient sought products

c)

shopping products

d)

unsought industrial product

16.

What is the specific amount of money demanded by companies from customers for its product or services?

a)

price

b)

tax

c)

discount

d)

value added tax

17.

Which among the following is a classic example of blood donations to the Red Cross?

a)

unsought consumer products

b)

sought services

c)

sought industrial product

d)

unsought augmented product

18.

In the purchase of which of the following products do strong brand preferences and loyalty play a role?

a)

industrial products

b)

unsought consumer products

c)

sought industrial product

d)

specialty products

19.

How many types of consumer products exist?

a)

Two types

b)

Three types

c)

Four types

d)

Five types

20.

What should the entire marketing strategy of a company support?

a)

Point of Differentiation

b)

Positioning strategy

c)

Targeting

d)

Both b and c

21.

What is the logistics network that moves the materials from suppliers to the manufacturing unit classified as?

a)

inbound distribution

b)

outbound distribution

c)

forward distribution

d)

reverse distribution

22.

What is the market which is segmented on the basis of a negative and hostile attitude towards the product considered as?

a)

geographic segmentation

b)

demographic segmentation

c)

psychographic segmentation

d)

behavioral segmentation

23.

What are the convenience products in industrial markets also known as?

a)

industry supplies

b)

industry services

c)

industry capital items

d)

industry material and parts

24.

In marketing intermediaries, what is the way of distribution in which the product is stocked in many possible outlets?

a)

inclusive distribution

b)

exclusive dealing

c)

selective distribution

d)

intensive distribution

25.

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?

a)

$30

b)

$33

c)

$27

d)

$34

26.

What is the selection of one or more segments to enter?

a)

Market segmentation

b)

Targeting

c)

Differentiation

d)

Positioning

27.

What is set/fixed by the cost of products or services?

a)

floor for cost

b)

ceiling for prices

c)

floor for prices

d)

ceiling for cost

28.

What are the goods, services or ideas that are perceived as new by potential customers?

a)

adoption process

b)

new product

c)

existing product

d)

none of above

29.

What does the buyer's black box consist of?

a)

characteristics of buyers

b)

technological factors

c)

the cultural environment

d)

the economic environment

30.

What is the sample selected by the researcher at his/her own ease/comfort?

a)

stratified random sample

b)

cluster sample

c)

simple random sample

d)

convenience sample

31.

What is the classification of the sense and need of belonging according to Maslow’s Hierarchy of Needs?

a)

physiological needs

b)

social needs

c)

safety needs

d)

esteem needs

32.

In which of the following samples does the researcher interview a specific number of people?

a)

stratified random sample

b)

quota sample

c)

simple random sample

d)

convenience sample

33.

What is the brand's superiority based on?

a)

point of differences

b)

points of priority

c)

points of membership category

d)

point of similarities

34.

Classify promotion tools such as sweepstakes, event sponsorships, samples and coupons.

a)

organizational promotion

b)

consumer promotions

c)

inbound promotion

d)

outbound promotion

35.

What is the kind of cost that is directly proportional to the level of production?

a)

total costs

b)

overhead costs

c)

variable costs

d)

fixed costs

36.

Identify the pricing strategy in which the prices of products are set according to the perception of buyers rather than the cost of sellers.

a)

competition based pricing

b)

discount and bonus pricing

c)

customer value based pricing

d)

cost based pricing

37.

How is the collection, analysis and reporting of available data for any given marketing situation classified?

a)

external databases

b)

outsourced databases

c)

marketing research

d)

both a and b

38.

How many types of reassert instruments are available to the market researcher?

a)

Two types

b)

Three types

c)

Four types

d)

Five types

39.

What is the consumer promotion technique according to which product consumers are told to submit their names for drawing?

a)

cash refunds

b)

cash sample

c)

sweepstakes

d)

cents off deals

40.

What does the 'probability sample' include?

a)

judgment sample

b)

simple random sample

c)

quota sample

d)

convenience sample

41.

If customers perceive that the price of a product is less than the value it provides to him/her, what will he/she do?

a)

would buy product

b)

would not buy product

c)

would get free products

d)

would get discount

42.

Classify the information obtained from the company's network data sources.

a)

internal databases

b)

external databases

c)

outsourced databases

d)

both a and b

43.

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?

a)

cash refund

b)

coupon

c)

sample

d)

premium

44.

What do the research approaches in marketing research exclude?

a)

experimental research

b)

observational research

c)

ethnographic research

d)

survey research

45.

According to consumer promotion techniques, what are the cash refunds also classified as?

a)

price packs

b)

sweepstakes

c)

point of purchase promotions

d)

cash rebates

46.

What are the points to consider while measuring the major dimensions of a consumer’s lifestyle?

a)

activates

b)

interests

c)

opinions

d)

all of above

47.

In which sample does each member of the selected sample have an equal chance of selection?

a)

stratified random sample

b)

cluster sample

c)

simple random sample

d)

convenience sample

48.

What is the concept that states information about value, opportunities and rewards of good performance as thought by sales people?

a)

organizational climate

b)

media climate

c)

sales climate

d)

outbound climate

49.

Identify the individual who represents the company by selling, servicing, gathering information and prospecting.

a)

sales person

b)

promoting manager

c)

prospering manager

d)

persuasion manager

50.

From where are the random samples drawn from mutually exclusive groups?

a)

stratified random sample

b)

cluster sample

c)

simple random sample

d)

convenience sample

51.

Identify the pricing strategy in which prices are based on strategies, costs, market offerings and prices of competitors.

a)

learning pricing

b)

marginal pricing

c)

competition based pricing

d)

demand based pricing

52.

Name the series of steps that must be followed by sales people.

a)

marketing process

b)

selling process

c)

intermediation process

d)

nominal process

53.

What is the short-term benefit given to the customers to attract more customers?

a)

sales promotion

b)

inbound promotion

c)

outbound promotion

d)

organizational promotion

54.

In marketing research, what type of an example is asking preferences and questions about buying behavior?

a)

experimental research

b)

ethnographic research

c)

observational research

d)

survey research

55.

What is the first step in the personal selling process?

a)

prospecting and qualifying

b)

pre-approach

c)

approach

d)

presentation and demonstration

56.

What is the kind of information the consumer obtains from mass media and internet searches?

a)

personal sources

b)

commercial sources

c)

public sources

d)

all of above

57.

What can the internal limitations of an organization be classified as?

a)

Strengths

b)

Weaknesses

c)

Opportunities

d)

Threats

58.

Identify the discomfort at the buyers’ end caused by conflict in post-purchase behaviour.

a)

cognitive dissonance

b)

post purchase behavior

c)

both a and b

d)

none of the above

59.

Name the research that is completed to test hypotheses.

a)

casual research

b)

exploratory research

c)

descriptive research

d)

both a and c

60.

What is the kind of channel arrangement in which the retailers, wholesalers and producers act as a single system?

a)

conventional distribution channel

b)

horizontal marketing system

c)

vertical marketing system

d)

static distribution channel

61.

What is the marketing system in which two or more companies join at one level to seek new marketing opportunities?

a)

horizontal marketing system

b)

vertical marketing system

c)

static marketing system

d)

flexible marketing system

62.

The new development process consists of detailed steps. How many steps does it have in total?

a)

Five steps

b)

Six steps

c)

Seven steps

d)

Eight steps

63.

Which delivery network are marketing channels a part of?

a)

wholesaler-customer delivery network

b)

customer-value delivery network

c)

retailer-wholesaler delivery network

d)

customer-retailer delivery network

64.

Name the set of organizations interdependent on each other that help in making market offerings available to customers.

a)

interactive channels

b)

marketing channels

c)

pricing channels

d)

basing point channels

65.

What is the highly automated storage house that receives products from various suppliers, stores the goods and sends orders to customers?

a)

exclusive center

b)

distribution center

c)

inbound center

d)

outbound center

66.

What is the course of sales and profits of a product during its whole life called?

a)

product life cycle

b)

customer lifetime value

c)

product management

d)

marketing management

67.

In the new product development stage, what is the testing undertaken to understand whether the idea has strong appeal?

a)

concept development

b)

concept testing

c)

material testing

d)

market screening

68.

Classify the arrangement of the vertical management system in which non-dependent firms work together for production and distribution through contracts.

a)

full time VMS

b)

contractual VMS

c)

administered VMS

d)

corporate VMS

69.

What is the marketing channel that involves no intermediaries to make their products available to final buyers?

a)

direct channel

b)

indirect channel

c)

flexible channel

d)

static channel

70.

What must the management of a new product development strategy include?

a)

customer centered development

b)

team based development

c)

systematic product development

d)

all of above