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Marketing & Sales- The 5 P's of Marketing

Total questions: 27

Worksheet time: 14mins

Name
Class
Date
1.

Process of presenting your business to your customers that

seeks to draw their attention, attract interest, and persuade to purchase.

a)

Bundling

b)

Sales

c)

Marketing

d)

Business Plan

2.

Process of presenting your business to your customers that

seeks to draw their attention, attract interest, and persuade to purchase.

a)

Bundling

b)

Sales

c)

Marketing

d)

Business Plan

3.

Detailed guide with two primary parts: marketing goals and strategies for reaching those goals.

a)

Marketing Mix

b)

Marketing Plan

c)

Promotion

d)

Selective Distribution

4.

Type of distribution that makes a product available at as many sales outlets as possible.

a)

exclusive distribution

b)

selective distribution

c)

global distribution

d)

intensive distribution

5.

"Recipe" for reaching and keeping customers that combines multiple tactics and the marketing elements called the Five P's.

a)

Marketing Mix

b)

Marketing

c)

Selective distribution

d)

Sales Plan

6.

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.

a)

Selective distribution

b)

intensive distribution

c)

exclusive distribution

d)

prime distribution

7.

Combining the price of several different services (and/or physical products) into one price.

a)

Cost-based pricing

b)

Competitive Pricing

c)

Mark-up Price

d)

Bundling

8.

Pricing method that focuses on how much customers are willing to pay for a product.

a)

cost-based pricing

b)

demand-based pricing

c)

competitive pricing

d)

mark-down price

9.

Pricing method that sets a product's price based on what it costs the business to provide it.

a)

cost-based pricing

b)

demand-based pricing

c)

competitive pricing

d)

mark-down price

10.

Type of distribution that gives a specific retailer, or

authorized dealer, the sole right to sell a product in a

particular geographical area.

a)

intensive distribution

b)

exclusive distribution

c)

selective distribution

d)

global distribution

11.

Price created when a retailer adds an additional amount to

the cost of a wholesale product to make a profit.

a)

mark-up price

b)

mark-down price

c)

original price

d)

sales price

12.

Price created when a retailer wants to reduce the price of an overstocked product.

a)

mark-up price

b)

mark-down price

c)

original price

d)

sales price

13.

Which is not one of the 5 P's of Marketing?

a)

People

b)

Promotion

c)

Profit

d)

Product

e)

Place

14.

Marketing that communicates with your prospects and

customers from all directions including a variety of communication channels and marketing efforts.

a)

360 agree marketing

b)

networking

c)

sales promotion

d)

merchandising

15.

Combination of promotional elements that a business chooses.

a)

advertising

b)

promotional mix

c)

sales promotion

d)

telemarketing

16.

Public, promotional message paid for by an identified sponsor or company.

a)

advertising

b)

media

c)

publicity

d)

AIDA

17.

Short-term discount offer or other buying incentive.

a)

Sales promotion

b)

product placement

c)

AIDA

d)

advertising

18.

Popular Interactive digital platform for networking and communicating.

a)

public relations

b)

social media

c)

networking

d)

360 degree marketing

19.

Written statement sent to the news media about a product or business.

a)

press release

b)

publicity stunt

c)

product placement

d)

advertising

20.

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.

a)

AIDA

b)

social media

c)

visual merchandising

d)

360 degree marketing

21.

A good promotional plan includes costs, dates, and goals.

a)

True

b)

False

22.

Which growth strategy below seeks to focuses on cultivating new products or new markets, and sometimes both?

a)

Intensive Growth Strategy

b)

Integrative growth strategy

c)

Diversification Growth Strategy

d)

Market Development Strategy

23.

Which growth strategy below seeks to emphasize blending businesses together through acquisitions, mergers, and new opportunities at different levels of the supply chain.

a)

Intensive Growth Strategy

b)

Integrative growth strategy

c)

Diversification Growth Strategy

d)

Market Development Strategy

24.

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.

a)

Synergistic diversification

b)

Horizontal diversification

c)

Diversification Growth Strategy

d)

Market Development Strategy

25.

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.

a)

Synergistic diversification

b)

Horizontal diversification

c)

Growth diversification

d)

Market Diversification

26.

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..

a)

Intensive Growth Strategy

b)

Integrative growth strategy

c)

Diversification Growth Strategy

d)

Market Development Strategy

27.

Which is a benefit of a SWOT (Strength, Weaknesses, Opportunities, Threats) analysis?

a)

gives the opportunity to analyze business limitations

b)

all of the above

c)

gives the opportunity to identify and build on strengths

d)

gives the opportunity to prepare for potential problems or obstacles