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Marketing Mix (Price) Quiz

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

____________________ The rivalry among sellers for consumers' dollars.

a)

Competition

b)

Cooperation

c)

Monopoly

d)

Collaboration

2.

____________________ product assortment refers to different products offered to customers.

a)

Product Mix

b)

Product Line

c)

Product Category

d)

Product Type

3.

____________________ is several related products under one brand sold by the same company for the same market.

a)

Product Line

b)

Product Mix

c)

Product Category

d)

Product Range

4.

The number of products bought at a specific time and price.

a)

Demand

b)

Supply

c)

Equilibrium

d)

Surplus

5.

____________________ The elements that represent a company and set them apart from the competition.

a)

Brand Identity

b)

Logo Design

c)

Marketing Strategy

d)

Product Packaging

6.

The number of like products offered for sale at a specific time and price.

a)

Supply

b)

Demand

c)

Inventory

d)

Cost

7.

____________________ The incentive and reward for producing goods and services.

a)

Profit

b)

Loss

c)

Revenue

d)

Cost

8.

____________________ the main factors in marketing a product.

a)

Marketing Mix

b)

Product Placement

c)

Sales Strategy

d)

Customer Feedback

9.

What should the company charge for the product?

a)

Price

b)

Cost

c)

Value

d)

Expense

10.

The group to whom you want to sell your product and where your product can best capture their attention.

a)

Target Audience

b)

Marketing Strategy

c)

Sales Team

d)

Product Features

11.

____________________ The process of promoting and selling a product or service.

a)

Marketing

b)

Production

c)

Distribution

d)

Manufacturing

12.

____________________ The process of determining the best way to deliver a product or service to consumers.

a)

Distribution

b)

Marketing

c)

Production

d)

Manufacturing

13.

This P reflects what customers are willing to pay.

a)

Place

b)

Price

c)

Promotion

d)

Product

14.

Which of the following is NOT one of the 4 P's of marketing?

a)

Product

b)

Price

c)

Place

d)

Publish

15.
Who determines Price?
a)
Business
b)
Customer
c)
Goverment
d)
Students
16.

This P determines payment plans and credit options

a)

Place

b)

Price

c)

Promotion

d)

Product

17.

Applies to products for higher profit

a)

PRODUCT

b)

PRICE

c)

PLACE

d)

PROMOTION

18.

What represents the actual cost to pay for a service or good?

a)

Price

b)

Product

c)

Promotion

d)

Place

19.

Do internal and external factors affect product pricing for retailers?

a)

True

b)

False

20.

Price and cost are the same.

a)

True

b)

False