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WorksheetsRitchey MP Final Exam - 2025
Total questions: 35
Worksheet time: 18mins
Noah, James, and Ava are planning to start a lemonade stand. They are in the process of planning, pricing, promoting, selling and distributing their lemonade to create exchanges that satisfy their customers. What is this process called?
The marketing concept
Product positioning
Marketing
Market segmentation
Rohan is starting a new business and his mentor, Olivia, advised him to focus on the 4Ps which include: product, place, price and promotion. These 4Ps are known as:
Product benefits
Marketing mix
Marketing functions
Promotion
Abigail, Isla, and Evelyn are part of the marketing team at NIKE. They are tasked with examining their company's internal strengths and weaknesses, as well as external opportunities and threats. This process is known as
Environmental scan
Marketing strategy analysis
Competitive analysis
SWOT analysis
David's mom has identified the snacks most likely to be enjoyed by her children. For Campbell's Chicken and Stars, the focus is on David and his younger sister Evelyn, while Campbell's 'Yes!' soups are catered to her and her husband. These specific groups of family members are an example of a parent identifying them for specific meal planning. They are known as the...
Consumer
Target market
Market share
Marketing mix
Samuel, Abigail, and Noah decided to start a lemonade stand during the summer. After a few weeks, they found out that Samuel's lemonade stand controls just under 50% of the neighborhood's lemonade market, while Abigail's stand controls approximately 20% and the remaining 30% is controlled by Noah's lemonade stand. The percentage of total sales a company controls in the market is called...
Market segmentation
Target market
Market share
Market position
Abigail has started a new business and is deciding on how to distribute her products and where to sell them. These decisions are examples of which marketing mix strategy?
Product
Price
Place
Promotion
Zoe, Grace, and Anika are planning to start a business selling handmade jewelry. They are trying to identify all the people who share similar needs and wants and who have the ability to purchase their jewelry. What is this group of people called?
Focus group
Sample group
Market
Sellers
Kellogg's is test marketing a new breakfast cereal. They have invited Mason, Benjamin, and Aiden, along with 17 other children ages 3-6, to taste the cereal and give their opinions on the package design. This is an example of a...
Survey
Observation
Focus group
Interview survey
Charlotte, Anika, and Sophia went to Walmart for their monthly shopping. They noticed that Walmart offers a variety of product categories including groceries, pet supplies, clothing, furniture, tools, and cosmetics. These product categories represent which of the following for Walmart?
Product mix
Product depth
Product width
Product reinvention
James, Rohan, and Kai were discussing about advertising in their marketing class. They were talking about Toucan Sam, Tony the Tiger, and Gieko the Gecko. They realized these are examples of..
Slogans
Brand names
Logos or brand marks
Trade characters
Kai, Mia, and Lily were discussing about the Golden Arches of McDonalds, the Texas Hat which represents Arby's and the Apple symbol found on many cell phones and computers. They were trying to figure out what these symbols represent. What do you think they represent?
Label
Trade symbol
Trademark
Brand mark or logo
Rohan, Zoe, and Emma are working on a school project to create a print ad. They are discussing the four main parts that should be included in their ad. They came up with the following options:
Headline, copy, illustration, and signature
Headline, body, illustration and website
Header, copy, picture, and company name
Headline, copy, clipart, and slogan
Ava, Rohan, and Luna are part of the management team at Jersey Mikes in Douglasville, GA. They are planning a grand opening event for their new location. To spread the word, they decide to send a document to the local newspapers and media outlets. This document is known as a
Press release
Promotional announcement
Press announcement
Promotional release
Aria, Avery, and Priya are studying retail management. They are role-playing a scenario where Avery works in the men's clothing department of a large department store. During the role-play, Avery notices Priya pretending to be a customer inspecting an elegant suit. Approaching Priya, Avery said, “Good Morning, Mr. Phelps". What method of initial approach is Avery using in this scenario?
Service approach
Merchandise approach
Greeting approach
Suggestion selling
On the day after Thanksgiving, Benjamin noticed that Target was advertising DVD's for $3.00, a price he knew was below their cost. He realized that Target was using this strategy to lure customers like him and Rohan, hoping they would buy other items once they were in the store. In this scenario, what would the DVDs be considered?
Loss leader
Sale item
Rebate
Premium
Abigail works at Kellogg's cereal manufacturing company. She noticed that each box of Frosted Flakes is produced for $1.59. However, they sell each box to retailers like Rohan's store for $2.10. Aiden, a business student, would call the difference between the cost to make the cereal and the retail selling price as what?
Mark-up
Markdown
Odd/even pricing
Prestige pricing
Olivia is working on a project for her marketing class. She needs to gather information, analyze it, and report her findings related to marketing goods and services. This process is also known as Information Management. Oliver and Elijah are discussing what this function of marketing is called. Can you help them identify it?
Product/service management
Selling
Advertising and promotion
Marketing research
Arjun, Scarlett, and Elijah are working on a school project about marketing strategies. They decide to gather information from people through the use of questionnaires. This approach is an example of which type of marketing research?
Survey method
Experimental research method
Observation method
Point of sale research method
Abigail works for the local AT&T cell phone store. After helping Aria pick a cell phone to purchase, she asks Aria if she would also like to purchase a new phone case or warranty plan. This is an example of..
Handling objections
Approaching the customer
Closing the sale
Suggestion selling
Charlotte and Liam are browsing through a Tesla showroom. Sophia, a sales representative, notices them and approaches. Sophia asks if they would like to test drive a Tesla. Liam responds, "I don't think we should bother, these are too expensive for us, and we are just looking." Liam's remark is an example of...
Suggestion selling
Approaching the customer
An objection
Closing the sale
James, Kai, and Aiden are running a lemonade stand. They decide to boost their sales for a short period of time by offering incentives such as coupons, free samples, and attractive displays at their stand. Which element of the promotional mix are they using?
Advertising
Direct marketing
Selling
Sales promotion
David, Evelyn, and Luna are starting a new company. They are brainstorming on a name, term, design or symbol or combination of these elements that can create a feeling or reputation for their company, product or service. This process is called
Branding
Direct Marketing
Public Relations
Advertising
Maya, Abigail, and Grace are running a startup. They are brainstorming on the combination of strategies they should use to sell their products and services. They are considering options like public relations, direct marketing, advertising, selling, and sales promotions. What is this combination of strategies called?
Marketing mix
Branding mix
Promotional mix
Selling mix
Harper, James, and Oliver are planning a charity 5K run sponsored by the Falcons', a press conference announcing the new coach for their college team, and a company picnic for their startup. These activities are examples of:
Advertising
Selling
Public relations
Direct marketing
Charlotte, Emma, and Harper are starting a new business and they want to divide the market into smaller groups of potential customers based on demographics, geographics, psychographics, and buyer behavior. What is this process called?
Market identification
Customer profiling
Target marketing
Market segmentation
Aria went to a store to buy a toy. The amount she had to pay to get the toy is called
Price tag
Label
Price
Selling amount
William is starting a new retail business and is considering a pricing technique that involves setting prices that all end in either odd or even numbers. He believes that odd numbers suggest value or a bargain. What is this technique called?
Odd/even pricing
Loss leader pricing
Prestige pricing
Promotional pricing
Hannah, Priya, and Isla started a small business. They decided to promote their business by sending Emails, postcards, catalogs or flyers directly to targeted customers. This type of promotion is called...
Customer profiling
Targeted mailing
Direct marketing
Promotional advertising
Isla, Abigail, and Daniel are planning to start a business. They decided to use newspapers, magazines, signs, and billboards for their advertising. What type of advertising are they using?
Broadcast media
Online media
Print media
Transit media
Aria has started a new business and she wants to match her customers' needs and wants with her products. This set of steps she is using is called...
Marketing
Selling process
Advertising product
Marketing research process
Abigail started a small business. She believes that her business should not only aim to make a profit, but also satisfy her customers, which includes Maya and Luna. What concept is Abigail following?
marketing concept
target market
cost plus pricing
selling process
Ethan has started a new business and is in the process of making decisions about the products and services his business will offer. What is Ethan involved in?
product planning
branding
marketing research
channel management
Henry, a local farmer, produces fresh vegetables. He wants to get his produce to Kai and Benjamin, who are consumers. What is the path that Henry's vegetables take from him to Kai and Benjamin called?
channels of distribution
transportation
retail management
product planning
Charlotte owns a boutique and she sets higher than average prices for her products to suggest status and high quality. What pricing strategy is she using?
prestige pricing
loss leader pricing
mark up pricing
special event pricing
Mason, Benjamin, and Michael are running a small business. They are considering implementing a program to build relationships with their customers and offer rewards for shopping at their business. What is this type of program called?
customer loyalty programs
database management
retail management systems
point systems
