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Foundational Marketing Pre-Assessment

Total questions: 15

Worksheet time: 3570secs

Name
Class
Date
1.

Which of the following is not a way to segment a market?

a)

Psychographics

b)

Geographics

c)

Behavioral

d)

Opinion

2.

People that share similar needs and wants that have the availability to purchase a product is known as a:

a)

Goods

b)

Target Market

c)

Consumer Market

d)

Population

3.

The idea that a business should strive to satisfy customers but also make a profit is:

a)

Marketing Mix

b)

Target Market

c)

Marketing Concept

d)

Possession Utility

4.

What is the difference between a good and a service?

4 lines
5.

What does SWOT stand for in a SWOT Analysis?

a)
Strengths, Weaknesses, Opportunities, and Threats
b)

Specific, Workers, Overcome, and Triumphs

c)

Specialty, Workers, Opportunities, and Treats

d)

Strengths, Warriors, Outcomes, and Triumphs

6.

Target decides to lower their prices to compete with Wal-Mart. Which function does this relate to?

a)

distribution

b)

pricing

c)

promotion

d)

place

7.

What are the four P's of Marketing?

4 lines
8.

Which of the following utilities involves making products?

a)
  1. information utility

b)
  1. form utility

c)
  1. place utility

d)
  1. possession utility

9.

What does a miniature golf business provide to its customers?

a)
  1. a promotion

b)
  1. a good

c)
  1. an exchange

d)
  1. a service

10.

The employees of a home-improvement warehouse are expert craftspeople who enjoy giving their customers advice about do-it-yourself projects. The employees' advice increases the (a)   utility of their goods.

11.

Money left over after paying your bills and basic living necessities is called:

a)

Discretionary Income

b)

Expenses

c)

Savings Account

d)

Disposable Income

12.

Which one is a WEAKNESS for McDonald’s?

a)

Changing customer habits and new customer groups

b)

$2 million advertising budget

c)

Lawsuits against McDonald’s

d)

High employee turnover

13.

Which of the the following is the strength of this company?rbick

a)

Profitable and One of the Fortune Top 100

b)

Poor Diversification

c)

Global Operation Expansion

d)

High Competition

14.

A sports store passes out flyers for their grand opening at a local marathon to attract local runners to their store. This is an example of ________________ segmentation?

a)

Demographic

b)

Geographic

c)

Psychographic

d)

Behavioral

15.

Barbie segments the toy market by identifying girls under the age of 12. This is using which market segmentation?

a)

Demographic

b)

Geographic

c)

Psychographic

d)

Behavioral