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Market Planning Review

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

Defining and organizing the marketing goals of a company and gathering strategies to achieve them is called:

a)

A Marketing Mix

b)

A Marketing Strategy

c)

Market Organizing

d)

Market Planning

2.

A written document that acts as a guidebook of marketing activities for the marketing manager is called a:

a)

Marketing Mix

b)

Marketing Plan

c)

Marketing Strategy

d)

Marketing Tactic

3.

Which of the following is usually included in a marketing plan?

a)

Financial Projections

b)

Mission Statement

c)

Objectives

d)

Situational Analysis

4.

A company's mission statement should include:

a)

Purpose

b)

Values

c)

Core Goals

d)

Employees

5.

The S in SWOT analysis stands for:

(a)  

6.

Openings in the market place, which can be based on market fluctuations and trends, would be categorized under which section of a SWOT analysis?

a)

Outlooks

b)

Opportunities

c)

Sales

d)

Strengths

7.

The internal factors from a SWOT analysis that affect a company include:

a)

Strengths

b)

Weaknessess

c)

Opportunites

d)

Threats

8.

Which of the following is a strategic tool used by businesses to discover, evaluate, and track outside factors that can impact their business now and in the future?

a)

BCG Matrix

b)

Challenges & Opportunities Matrix

c)

PEST Analysis

d)

SWOT Analysis

9.

Which of the following correctly lists the sections of a PEST analysis?

a)

Political, Economic, Socio-cultural, Technological

b)

Political, Environmental, Strengths, Technological

c)

Political, Economic, Strengths, Technological

d)

Political, Environmental, Socio-cultural, Technological

10.

Which word in the term SMART refers to the idea that managers should develop objectives that have a chance of actually being met:

a)

Attainable

b)

Measurable

c)

Relevant

d)

Time-bound