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WorksheetsMarketing & Sales- The 5 P's of Marketing
Total questions: 27
Worksheet time: 14mins
Process of presenting your business to your customers that
seeks to draw their attention, attract interest, and persuade to purchase.
Bundling
Sales
Marketing
Business Plan
Process of presenting your business to your customers that
seeks to draw their attention, attract interest, and persuade to purchase.
Bundling
Sales
Marketing
Business Plan
Detailed guide with two primary parts: marketing goals and strategies for reaching those goals.
Marketing Mix
Marketing Plan
Promotion
Selective Distribution
Type of distribution that makes a product available at as many sales outlets as possible.
exclusive distribution
selective distribution
global distribution
intensive distribution
"Recipe" for reaching and keeping customers that combines multiple tactics and the marketing elements called the Five P's.
Marketing Mix
Marketing
Selective distribution
Sales Plan
9. Type of distribution that allows a product to be sold at a moderate number of sales outlets, but not all, in a particular geographical area.
Selective distribution
intensive distribution
exclusive distribution
prime distribution
Combining the price of several different services (and/or physical products) into one price.
Cost-based pricing
Competitive Pricing
Mark-up Price
Bundling
Pricing method that focuses on how much customers are willing to pay for a product.
cost-based pricing
demand-based pricing
competitive pricing
mark-down price
Pricing method that sets a product's price based on what it costs the business to provide it.
cost-based pricing
demand-based pricing
competitive pricing
mark-down price
Type of distribution that gives a specific retailer, or
authorized dealer, the sole right to sell a product in a
particular geographical area.
intensive distribution
exclusive distribution
selective distribution
global distribution
Price created when a retailer adds an additional amount to
the cost of a wholesale product to make a profit.
mark-up price
mark-down price
original price
sales price
Price created when a retailer wants to reduce the price of an overstocked product.
mark-up price
mark-down price
original price
sales price
Which is not one of the 5 P's of Marketing?
People
Promotion
Profit
Product
Place
Marketing that communicates with your prospects and
customers from all directions including a variety of communication channels and marketing efforts.
360 agree marketing
networking
sales promotion
merchandising
Combination of promotional elements that a business chooses.
advertising
promotional mix
sales promotion
telemarketing
Public, promotional message paid for by an identified sponsor or company.
advertising
media
publicity
AIDA
Short-term discount offer or other buying incentive.
Sales promotion
product placement
AIDA
advertising
Popular Interactive digital platform for networking and communicating.
public relations
social media
networking
360 degree marketing
Written statement sent to the news media about a product or business.
press release
publicity stunt
product placement
advertising
Popular marketing communication model used by companies to manage their promotions and track customers from being unaware of product to coming in contact with promotional material, to making a purchase.
AIDA
social media
visual merchandising
360 degree marketing
A good promotional plan includes costs, dates, and goals.
True
False
Which growth strategy below seeks to focuses on cultivating new products or new markets, and sometimes both?
Intensive Growth Strategy
Integrative growth strategy
Diversification Growth Strategy
Market Development Strategy
Which growth strategy below seeks to emphasize blending businesses together through acquisitions, mergers, and new opportunities at different levels of the supply chain.
Intensive Growth Strategy
Integrative growth strategy
Diversification Growth Strategy
Market Development Strategy
A diversification growth strategy in which a business adds new products or services that are related to its existing products or services. For example, a clothing store may expand to sell shoes or other related clothing accessories.
Synergistic diversification
Horizontal diversification
Diversification Growth Strategy
Market Development Strategy
A diversification growth strategy in which a business adds new products or services that are not related to its existing products or services. For example: Sheets, a gas station, may began to offer made-to-order food.
Synergistic diversification
Horizontal diversification
Growth diversification
Market Diversification
A growth strategy in which a business grows by offering products or services that are different from its core business- either products that are similar or different from it's current offering..
Intensive Growth Strategy
Integrative growth strategy
Diversification Growth Strategy
Market Development Strategy
Which is a benefit of a SWOT (Strength, Weaknesses, Opportunities, Threats) analysis?
gives the opportunity to analyze business limitations
all of the above
gives the opportunity to identify and build on strengths
gives the opportunity to prepare for potential problems or obstacles
