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WorksheetsPRINCIPLES OF MARKETING
Total questions: 50
Worksheet time: 25mins
A set of marketing tool or tactics, used to promote a product or services in the market and sell it.
Promotions
Advertisement
Marketing Mix
Market Returns
The person who introduces the 4 P's of marketing mix is ___________.
Jerome Mcgregor
Bernard Booms
Jerome McCarthy
Mary Jo Bitner
This serves to contain and protect, and, sometimes, identify and promote the product.
Product
Packaging
Packing
Container
________ is a display of information about a product on it’s container, packaging, or on the product itself.
Label
Prints
Logo
Product name
These are a competitive tool for differentiating the company's product from competitors' products.
Product Consistency
Product Level
Product Quality
Product Features
In the narrowest sense, quality can be defined as “___________ _______ __________.”
Freedom from defects
Freedom for defects
Freedom and defects
Freedom with defects
Examples of this business are therapy sessions, haircut, legal advice, surgery.
Services
Wants
Goods
Demand
This item can be physical, virtual or in cyber form.
Service
Product
Goods
Inventory
___________ cost are expenses incurred by the organization that are not related to the manufacture of the product.
Variable
Price
Utility
Fixed
The extent to which customers are familiar with the distinctive qualities or image of a particular brand of goods or services.
Product awareness
Brand awareness
Feature awareness
Promotions
The network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product.
Supply chain
Value chain
Product development
Product evolution
The process of moving products from the producer to the intended users is called ____________.
Product
Place
Promotion
Packaging
The path through which products pass to get from the producer to the consumer.
Media
Shopping sites
Sales agent
Distribution channel
Are companies, organizations, or individuals that assist manufacturers with operations to distribute products to consumers.
Market channels
Market
Market intermediaries
Market sellers
_______ is the sale of goods for resale.
Wholesaling
Retailing
Selling
Bulking
The sale of goods/services to the final customers for his personal consumption.
Wholesaling
Retailing
Selling
Bulking
Defined as any paid and public presentation of products, services, or ideas, by an identified sponsor through a medium.
Promotions
Channel
Advertising
Prints
Are activities or a series of activities, usually short-term, that are intended to boost the sales of a product or service.
Promotions
Advertising
Channel
Prints
___________ promotions are intended for marketing intermediaries such as retailers. This is to encourage the intermediaries to increase purchases.
Consumer
Public relations
Trade
Personal selling
The purpose of _________ promotions is to induce product trial, encourage brand switching, or reward consumer patronage.
Consumer
Public relations
Trade
Personal selling
This occurs when an individual salesperson sells a product, service, or solution to a client.
Consumer
Trade
Public relations
Personal selling
_________ _________ is creating and maintaining goodwill of an organization's various publics through publicity and other non-paid forms of communication.
Consumer
Trade
Public relations
Personal selling
This attempt to provide a product brand as the solution to a current consumption problem experienced by customers (e.g. deodorant advertisement).
Functional
Emotional
Experimental
Symbolic
This advertising message attempt to promote brands using high sensory value (e.g. advertisement of a popular vitamin E product) .
Functional
Emotional
Experimental
Symbolic
This attempt to associate brand ownership with an aspirational group which addresses other abstract needs.
Functional
Emotional
Experimental
Symbolic
An advertising technique used by companies to promote products subtly through appearances on film, television, or other media.
Directory advertising
Product placement
Direct response advertising
Transit advertising
An advertising technique that posts signage on the side or back of a bus, a jeepney spare tire cover, or perched at the top a taxicab can create a good brand recall.
Directory advertising
Product placement
Direct response advertising
Transit advertising
More commonly known as the "Yellow Pages", this medium has been declining rapidly.
Directory advertising
Product placement
Direct response advertising
Transit advertising
The relatively low cost but high exposure to heavy traffic along major thoroughfares have led to the popularity of this advertisement.
Product placement
Billboard
Direct response advertising
Transit advertising
Used extensively on television during specific periods of the day and usually presented in telemarketing programs.
Directory advertising
Prestige pricing
Direct response advertising
Transit advertising
A pricing method premised to the theory that consumer perceives products in a lower price that they actually are. Example: 99.00, 99.95
Promotional pricing
Predatory Pricing
Odd pricing
Marginal pricing
A pricing strategy where the firm prices its product lower than unit variable cost, initially resulting in short-term losses.
Odd pricing
Prestige pricing
Promotional pricing
Predatory Pricing
A pricing strategy that disregards the unit cost of a product or service.
Predatory Pricing
Prestige pricing
Marginal pricing
Odd pricing
A pricing strategy involving a temporary reduction in the selling price of a product/service in order to induce trial or to encourage repeat purchase.
Prestige pricing
Marginal pricing
Odd pricing
Promotional pricing
Business organization prices its product at a range below its unit cost but higher than its unit variable cost.
Odd Pricing
Marginal pricing
Prestige pricing
Predatory Pricing
Key Functions of Market Intermediaries: (a) collection and dissemination
Key Function of Market Intermediaries: (a) storage and collection
Key Function of Market Intermediaries: Operational (a)
Key Function of Market Intermediaries: Product (a)
Key Function of Market Intermediaries: (a) taking
The new product development process: (a) generation
The new product development process: Idea (a)
The new product development process: Concept (a) and testing
The new product development process: Business (a)
The new product development process: (a) development
The new product development process: (a) testing
The new product development process: Product (a)
(a) distribution is limited to a
select number of dealer,
usually one or a few.
(a) distribution is used mostly by fast-moving consumer goods and convenience goods, involves
making a product available in as many retail outlets as possible.
(a) distribution is positioned between exclusive and intensive distribution, this type of product distribution involves the use of more than one but not as many dealers asin intensive distribution.
