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WorksheetsModule 1 Introduction to Marketing
Total questions: 15
Worksheet time: 8mins
Marketing is a process which aims at
Production
Profit-making
The satisfaction of customer needs
Selling products
The term marketing refers to
Advertising, Sales Promotion, Publicity and Public Relational activities
A new product needs ideas, Developments, concepts and improvements
Sales Planning, Strategy and Implementation
A philosophy that stresses customer value and satisfaction.
In the history of marketing, when did the production period end?
In the late 1800s.
In the early 1900s.
In the 1920s.
After the end of the Second World War.
Marketing is the activity, set of ___________ & processes for creating, communicating, delivering & exchanging offerings that have value for customers, clients, partners & society.
A. Institutions
Organizations
Companies
Institutions
Enterprises
The key term in the American Marketing Association’s definition of marketing is
Activity
Sales
Products
Value
Marketing is _______, there is a constant tension between the formulated side of marketing and the management side.
An art
A Science
Both an “art” and a “science”
Selling
Today, marketing must be understood in a new sense that can be characterized as _________
Get there first with the most
Management of youth demand
Satisfying customer needs
Telling and selling
Select an appropriate definition of ‘Want’.
More consumer Needs
Needs backed by buying power
Needs directed to the product
Basic human requirements
_______ is the act of obtaining a desired object from someone by offering something in return.
Marketing Myopia
Selling
Exchange
Delivery
Want for a specific product backed by an ability to pay is called _____
Demand
Need
Want
Customer
Marketers often use the term ________ to cover various groupings of customers.
Buying power
Demographic segment
Market
People
Good marketing is no accident but a result of careful planning and _____.
Promotion
Selling
Policies
Execution
______is the best illustration of a subculture.
Occupation
Income
Religion
Family & Friends
______ are the form of human needs take as shaped by culture & individual personality.
Wants
Demands
Needs
Social Needs
A place where goods are bought and sold against the price consideration between the buyers and the sellers is called ______.
Exchange
Market
E-commerce
Transaction
