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1: Marketing Foundations

Total questions: 25

Worksheet time: 25mins

Name
Class
Date
1.

Someone who watches several hours of Netflix every week would be considered what type of user?

a)

light

b)

medium

c)

heavy

d)

occasional

2.

What function of marketing refers to the process of matching customer needs and wants with the features and benefits of a product?

a)

distribution

b)

pricing

c)

selling

d)

promotion

3.

What function of marketing includes advertising and publicity to inform consumers about the company and/or the goods and services?

a)

selling

b)

pricing

c)

product/service management

d)

promotion

4.

Obtaining, developing, maintaining, and improving a good or service is an example of which of the following terms?

a)

product/service management

b)

Henry Ford concept

c)

marketing concept

d)

marketing information management

5.

What term refers to the process of conducting research and analyzing what is taking place among buyers and sellers locally, nationally, or globally?

a)

product/service management

b)

Henry Ford concept

c)

marketing concept

d)

marketing information management

6.

What is another term for intangible products?

a)

goods

b)

needs

c)

services

d)

wants

7.

What are things necessary for survival called?

a)

wants

b)

needs

c)

services

d)

products

8.

What term, when defined, includes distribution, promotion, product/service management, and selling as examples?

a)

distribution

b)

marketing mix

c)

marketing foundations

d)

functions of marketing

9.

What term refers to the process of researching and selecting a group of people with similar characteristics that has the means and the desire to purchase certain goods or services?

a)

consumer market

b)

market

c)

target market

d)

industrial market

10.

What is considered the smallest segmentation of target marketing?

a)

consumers

b)

target market

c)

mass market

d)

niche market

11.

What type of study describes a market in terms of lifestyles, attitudes, personality and values of people?

a)

behavioral

b)

demographics

c)

psychographics

d)

niche marketing

12.

What type of study describes a market in terms of population characteristics (e.g., racial, class, age, gender, marital status)?

a)

behavioral

b)

demographics

c)

psychographics

d)

geographics

13.

If I am selling snow boards in Colorado, which market segmentation applies?

a)

behavioral

b)

demographics

c)

psychographics

d)

geographic

14.

A company who makes baseball caps and targets teenage males is considering which type of market segmentation?

a)

behavioral

b)

demographics

c)

psychographics

d)

geographics

15.

Handing out surveys in order to determine the age of customers would be part of the ______________________ function.

a)

Financing

b)

Distribution

c)

Promotion

d)

Marketing-info-management

16.

A company transporting their products by truck would be considered which marketing function?

a)

Financing

b)

Distribution

c)

Promotion

d)

Marketing-info-management

17.

A restaurant taking out a loan in order to open a new location would be which marketing function?

a)

Financing

b)

Distribution

c)

Promotion

d)

Marketing-info-management

18.

A candle shop packaging online orders for delivery would be part of which marketing function?

a)

Financing

b)

Distribution

c)

Promotion

d)

Marketing-info-management

19.

A newly opened pizza place is offering coupons to get people in the door, this is an example of which marketing function?

a)

Financing

b)

Distribution

c)

Promotion

d)

Marketing-info-management

20.

People who only use Heinz ketchup fall into which type of market segmentation?

a)

behavioral/product benefits

b)

demographics

c)

psychographics

d)

geographics

21.

Food, water and shelter are examples of ______________.

a)

wants

b)

needs

c)

services

d)

products

22.

The haircut I get at my local barber shop is best described as a  ________________.

a)

want

b)

need

c)

service

d)

good

23.

Light, medium and heavy users are part of which market segmentation?

a)

behavioral/product benefits

b)

demographics

c)

psychographics

d)

geographic

24.

Determining your target market based on people who have an income of $50,000 per year would be which form of market segmentation?

a)

behavioral/product benefits

b)

demographics

c)

psychographics

d)

geographic

25.

Purchasing expensive, name brand shoes would be best described as an example of a ___________.

a)

good

b)

need

c)

service

d)

want