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WorksheetsMarketing Mix: Product
Total questions: 143
Worksheet time: 1hrs 28mins
What are the four elements of the marketing mix?
Price, promotion, production, and public opinion
Product, price, place, and promotion
Product, price, people, and process
Place, promotion, packaging, and public relations
Explain the concept of product in the marketing mix.
The concept of product in the marketing mix refers to the promotional activities used to market a company's goods or services.
The concept of product in the marketing mix refers to the price of the goods or services offered by a company.
The concept of product in the marketing mix refers to the tangible or intangible goods or services that a company offers to its customers.
The concept of product in the marketing mix refers to the distribution channels used to deliver a company's goods or services.
What are the different levels of a product?
Primary product, secondary product, tertiary product
Basic product, advanced product, premium product
Initial product, intermediate product, final product
Core product, actual product, and augmented product
What is the difference between a product line and a product mix?
A product line is the same as a product mix
A product line refers to the total assortment of products that a company offers
A product mix refers to a group of related products offered by a company
A product line refers to a group of related products offered by a company, while a product mix refers to the total assortment of products that a company offers.
Discuss the importance of branding in the marketing mix.
Branding helps to differentiate a product or service from its competitors, creates customer loyalty, and adds value to the product or service.
Branding decreases the value of the product or service
Branding does not differentiate a product from its competitors
Branding has no impact on customer loyalty
Explain the concept of product life cycle.
The product life cycle is the process of setting the price for a product based on its stage in the market.
The product life cycle is the process of marketing a product to different customer segments.
The product life cycle is the process through which a product goes from introduction to withdrawal from the market.
The product life cycle is the process of creating a new product from scratch.
What are the different stages of the product life cycle?
Start, Progress, Peak, End
Introduction, Expansion, Plateau, Decrease
Inception, Rise, Saturation, Downturn
Introduction, Growth, Maturity, Decline
How can a company extend the product life cycle of a product?
By introducing product improvements, finding new uses for the product, targeting new market segments, or rebranding the product.
By discontinuing the product
By reducing the quality of the product
By increasing the price of the product
Discuss the role of packaging in the marketing mix.
Packaging does not contribute to the overall marketing strategy
Packaging has no impact on consumer behavior
Packaging is only important for protecting the product
Packaging serves as a communication tool and influences consumer behavior.
What are the factors to consider when setting the price of a product?
Customer service quality, packaging design, and brand logo
Production costs, competition, target market, and perceived value
Employee salaries, office rent, and utility bills
Weather conditions, political climate, and social media presence
What is the role of packaging in the marketing mix?
Packaging is only important for protecting the product
Packaging has no impact on consumer behavior
Packaging serves as a communication tool and influences consumer behavior.
Packaging does not contribute to the overall marketing strategy
Explain the significance of product life cycle in marketing.
The product life cycle is the process of setting the price for a product based on its stage in the market.
The product life cycle is the process of marketing a product to different customer segments.
The product life cycle is the process through which a product goes from introduction to withdrawal from the market.
The product life cycle is the process of creating a new product from scratch.
Discuss the impact of branding on customer loyalty in the marketing mix.
Branding decreases the value of the product or service
Branding does not differentiate a product from its competitors
Branding has no impact on customer loyalty
Branding helps to differentiate a product or service from its competitors, creates customer loyalty, and adds value to the product or service.
Four marketing decisions needed for the effective marketing of a product is called ....
(answer can me more than 1)
marketing mix
4Ps
Marketing affectiveness
marketing elasticity
Goods and services produced to satisfy customer needs and wants (?)
product
brand
marketing mix
none of these options
An identity or symbol that distinguish a product from competitors' product (?)
brand
brand image
product
product elasticity
Which of the following are the costs of new product development?
no guarantee it would be a success
expensive market research
large capital expenditure might occur
competitive advantage
Which of the following are benefits of new product development?
increase potential sales
it might help the business to survive when the market has changed
more finance would be needed
dis-economies of scale
General impression of a produce held by consumers (?)
brand image
brand
product
customer loyalty
Which of the following are the roles of packaging?
protection to the product
provide information about the product
help consumers recognise the product
to keep the product fresh
Pattern of sales of a product (?)
Product life cycle
Business life cycle
Product elasticity
none of these options
- sales are low
- product might be making a lost
- huge advertising cost
These are characteristics of which stage in the Product Life Cycle?
Growth
Introduction
Maturity
Saturation
- Sales stop growing
- most profitable stage
- threat of declining might occur
This stage is called ..... in the Product Life Cycle.
Introduction
Saturation
Growth
Maturity
- sales are going down
- product has not been generating profit
- product needs to be pulled out from the market
This stage is called .... in the Product Life Cycle.
Decline
Growth
Saturation
Introduction
Which of following is/are in decline stage?
Blackberry
Nokia
Kodak
iPhone
- Product is becoming better known
- Sales are increasing
- Product starts to earn profit
This stage is called ... in the Product Life Cycle
Growth
Introduction
Saturation
Maturity
Which of the following is the correct order of the stages in the Product Life Cycle?
Development, Introduction, Growth, Maturity, Saturation, Decline
Introduction, Development, Growth, Maturity, Saturation, Decline
Development, Introduction, Growth, Saturation, Maturity, Decline
Introduction, Development, Maturity, Growth, Saturation, Decline
The marketing decisions that are made for all products.
Marketing mix
Marketing
Market research
Branding
Giving a product a distinct and recognizable identify.
Marketing mix
Branding
Brand loyalty
Packaging
A factor about a product that competitors’ products do not have.
Brand loyalty
Four Ps
Unique selling position (USP)
Marketing mix
Identifying customer wants and satisfying them profitably.
Market research
Marketing mix
Marketing
Branding
A term which is used to describe all the activities which go into marketing a product or service. These activities are often summarised as the four Ps (4Ps) – Product, Price, Place and Promotion.
Marketing mix
Marketing
Market research
Branding
The right product at the right price with the right promotion in the right place.
Four Ps
Marketing
Market research
Product
A name, image or symbol that distinguishes a product from competitors’ products.
Product
Brand
Brand loyalty
Brand image
The special feature of a product that differentiates it from the products of competitors.
Product
Four Ps
Brand image
Unique selling position (USP)
When consumers keep buying the same brand again and again instead of choosing a competitor’s brand.
Brand loyalty
Brand name
Brand image
Unique selling position (USP)
The goods and services produced to satisfy a customer need or want.
Product
Service
Good
Marketing
The physical container or wrapping for a product. It is also used for promotion and selling appeal.
Product
Brand name
Packaging
Producer good
The process of gathering, analysing and interpreting information about a market.
Marketing
Market research
Marketing mix
An image or identity gives it a personality of its own and distinguishes it from its competitors’ brands.
Brand image
Brand name
Brand image
Unique selling position (USP)
Can you name the companies or products that the logos belong to?
Mister potato
Pringles
Munchy's
Describes the stages a product will pass through from its introduction, through its growth until it is mature, and then finally its decline.
Product life cycle
Extension strategy
Maturity stage
Sales reach saturation point and no long rise.
Saturation stage
Maturity stage
Decline stage
A way of making the maturity stage last longer.
Product life cycle
Maturity stage
Extension strategy
How much would you pay for a pair of these designer shoes?
Less than £10 - they are ugly!
Around £50- I guess they might be better quality than the ones you get at the beach store
Over £100- I'm all about the labels!
Which of the following is not part of the marketing mix?
Price
Packaging
Place
Promotion
A Ferrari is likely to have a high price tag because the design mix is focused on which of the following (pick 2)?
function
aesthetics
economic manufacture
A product that has been designed in a way to keep costs (a) is focusing on economic manufacture
Differentiating your product by creating a strong brand will..
lead to more loyal customers
lead to more competition
lead to lower costs
Differentiating your product can help it to stand out from the crowd. Which of the following are methods of differentiation?
Lower prices
better quality
Unique design
Celebrity endorsements
At the introduction stage of the product life cycle marketing costs will be high and distribution of the product is likely to be smaller. Therefore profits will be (a)
What are the reasons why profits may fall during the decline stage of the product life cycle?
sales are increasing
sales volume is decreasing
prices may have to be cut due to a saturated market
the business will be spending more on marketing
Which of the following is an extension strategy used by Coca Cola to extend the product life cycle of Coca Cola (select all that apply)
Range of can sizes
Limited edition packaging
Change brand image
New flavours
Which of the following product life cycles most resembles that of loom bands?
Explain one way in which Cadbury can extend the product life cycle of Dairy Milk.
Which of the following is not a part of 4Ps of Marketing?
Product
Price
Promotion
Packaging
Into how many categories are products divided into?
2
3
6
4
What type of product is a bottle filling machine?
Consumer goods
Consumer services
Producer services
Producer goods
Which of the following is the 5th step in Product development
Generate Ideas
Develop a prototype
Launch the product in area to test the market
Go to a full launch
What does USP stand for?
Unique selling product
Unique selling point
Unique selling promotion
Unique selling place
Physical container or wrapping for a product is known as
Brand name
Packaging
Brand image
Product life cycle
Identify the correct order of life cycle of a product
Development, Introduction, Growth, Maturity, Saturation, Decline
Maturity, Saturation, Decline, Development, Introduction, Growth
Development, Introduction, Maturity, Saturation, Decline, Growth
None of the above
Unique name of a product that distinguishes it from other brands
Brand image
Brand name
Brand vale
Brand loyalty
When customers keep buying the same brand again and again instead of choosing a competitor brand, we call it as
Brand name
Brand image
Brand loyalty
Branding
An identity given to a product which gives it a personality
Brand name
Brand image
Brand loyalty
USP
Which of the following is the 5th step in Product development
Generate Ideas
Develop a prototype
Launch the product in area to test the market
Go to a full launch
Physical container or wrapping for a product is known as
Brand name
Packaging
Brand image
Product life cycle
Identify the correct order of life cycle of a product
Development, Introduction, Growth, Maturity, Saturation, Decline
Maturity, Saturation, Decline, Development, Introduction, Growth
Development, Introduction, Maturity, Saturation, Decline, Growth
None of the above
Unique name of a product that distinguishes it from other brands
Brand image
Brand name
Brand vale
Brand loyalty
When customers keep buying the same brand again and again instead of choosing a competitor brand, we call it as
Brand name
Brand image
Brand loyalty
Branding
An identity given to a product which gives it a personality
Brand name
Brand image
Brand loyalty
USP
Additional consumer services and benefits such as delivery and credit, instructions, installation, warranty, and service are considered as:
Actual Product
Augmented Product
Core Product
Branded Product
Ideally, good packages should:
Help market the brand
Protect the contents
Provides convenience and ease of use
All the above
What does this image indicates?
Labeling
Packaging
Branding
None of the above
What is a name, term, sign, symbol, design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate the business
Slogan
Logo
Brand
Value
What is indicated if you see Emirates Airlines logo printed on Arsenal uniforms?
Brand Name Selection
Brand Positioning
Brand Development
Brand Sponsorship
Is your group progressing with assessment 2?!
Yes
No
Additional items in a given product category under the same brand name (e.g., new flavors, forms, colors, ingredients, or package sizes) are considered as:
Line Extension
Co-Branding
New Brands
Multi Brands
Apple launched iPad, iPad Mini and iPad Air, what can we call these products?
Brand Development
Line Extension
Sub Brands
Multi Brands
What should be capable of registration and legal protection:
Brand Label
Brand Term
Brand Logo
Brand Name
What does the following statement indicates?
"A brand is thoughts, feelings and phycological bond between a business and a customer"
Brand Agreement
Brand Relationship
Brand Blueprint
Brand Identity
One company will introduce multiple brands in a similar product category that compete with each other. What is strategy called?
Multi Brand
Line Extension
Sub Brands
New Brands
The 4 Ps are referred to as the (a) Mix
The part of the marketing mix we have been learning about is...
Price
Place
Product
Promotion
Product is the good or service the business (a) to its customers.
GAPTAP is the stages of...
Product Development
The Marketing Mix
The Product Life Cycle
The G in GAPTAP stands for...
(a)
The T in GAPTAP stands for...
(a)
A brand is a logo, name or (a) that is given to a product that makes it instantly recognisable.
Select all disadvantages of Branding (there may be more than 1)
If a product within the brand develops a poor reputation, this can damage the whole brand name.
Brands generate 'brand loyalty' and mean greater sales.
Brands are instantly recognisable.
Establishing a brand is a time consuming, lengthy and expensive process.
Guess the brand logo
(a)
What is an own brand?
A brand owned by only one person
When products are sold under the name of a supermarket rather than the name of manufacturing firm.
When products are sold under the name of the manufacturing firm.
When products are sold under a brand that is not well established.
The packaging of a product is very important - it serves an important function for protecting the product but is also linked closely to how it is (a) .
Select all advantages of packaging.
Can protect the product during transportation/delivery
Distinctive packaging could be copied by own brands.
Can inform the customer how to successfully install/use the product.
Can increase the shelf life of the product.
What is the first stage of the product life cycle graph?
Growth
Introduction
Maturity
Decline
At what stage of the product life cycle are sales and profits at their highest?
Growth
Maturity
Decline
At what point in the product life cycle is there strong competition in the market?
Introduction
Growth
Decline
Maturity
How much would you pay for a pair of these designer shoes?
Less than £10 - they are ugly!
Around £50- I guess they might be better quality than the ones you get at the beach store
Over £100- I'm all about the labels!
Which of the following is not part of the marketing mix?
Price
Packaging
Place
Promotion
A Ferrari is likely to have a high price tag because the design mix is focused on which of the following (pick 2)?
function
aesthetics
economic manufacture
A product that has been designed in a way to keep costs (a) is focusing on economic manufacture
Differentiating your product by creating a strong brand will..
lead to more loyal customers
lead to more competition
lead to lower costs
Differentiating your product can help it to stand out from the crowd. Which of the following are methods of differentiation?
Lower prices
better quality
Unique design
Celebrity endorsements
What are the reasons why profits may fall during the decline stage of the product life cycle?
sales are increasing
sales volume is decreasing
prices may have to be cut due to a saturated market
the business will be spending more on marketing
Which of the following is an extension strategy used by Coca Cola to extend the product life cycle of Coca Cola (select all that apply)
Range of can sizes
Limited edition packaging
Change brand image
New flavours
Four marketing decisions needed for the effective marketing of a product is called ....
(answer can me more than 1)
marketing mix
4Ps
Marketing affectiveness
marketing elasticity
An identity or symbol that distinguish a product from competitors' product (?)
brand
brand image
product
product elasticity
- sales are low
- product might be making a lost
- huge advertising cost
These are characteristics of which stage in the Product Life Cycle?
Growth
Introduction
Maturity
Saturation
- Sales stop growing
- most profitable stage
- threat of declining might occur
This stage is called ..... in the Product Life Cycle.
Introduction
Saturation
Growth
Maturity
- sales are going down
- product has not been generating profit
- product needs to be pulled out from the market
This stage is called .... in the Product Life Cycle.
Decline
Growth
Saturation
Introduction
