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Marketing Basics Quiz

Total questions: 60

Worksheet time: 30mins

Name
Class
Date
1.

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large is called:

a)

Advertising

b)

Marketing

c)

Promotion

d)

Selling

2.

A unique blend of product, price, place, and promotion strategies designed to produce mutually satisfying exchanges with consumers is often referred to as the:

a)

Marketing Balance

b)

Marketing Mix

c)

Marketing Plan

d)

Marketing Strategies

3.

Which of the following make up the "four P's" of marketing?

a)

Price, Place, Promotion, Public Relations

b)

Product, Personal Selling, Place, Promotion

c)

Price, Place, Promotion, Product

d)

Price, Promotion, Personal Selling, Public Relations

4.

This is what the buyer must give up in order to get a product:

a)

Cost

b)

Revenue

c)

Demand

d)

Price

5.

This is the starting point of any marketing mix:

a)

Price

b)

Place

c)

Product

d)

Promotion

6.

A specific group of consumers that a business wants to reach is called:

a)

Planned group

b)

Target market

c)

Market plan

d)

Concentrated market

7.

The target market of a company can be based on which of the following:

a)

Age

b)

Marital status

c)

Occupation

d)

All of the above

8.

Placing people into smaller categories or groups in order to market to their similar needs and wants is called:

a)

Marketing efficiency

b)

Market segmentation

c)

Niche marketing

d)

Target marketing

9.

What are the four types of market segmentation?

a)

Demographic, niche, geographic, societal

b)

Location-based, psychological, demographic, and niche

c)

Psychological, geological, gender-based, and age-based

d)

Psychographic, geographic, demographic, and behavioral

10.

Demographic segmentation is when a business divides the market for its products based on what types of variables?

a)

Age, gender, education level, occupation, and ethnicity

b)

Location, culture, language, and climate

c)

Brand loyalty, product usage, and price sensitivity

d)

Lifestyle, values, personality, and interests

11.

What a business offers customers to satisfy their needs and wants is called the:

a)

Cost

b)

Distribution

c)

Product

d)

Supply

12.

Something tangible that a consumer can purchase is called a:

a)

Good

b)

Media

c)

Service

d)

Supply

13.

Services differ from goods in that they:

a)

Are tangible and perishable

b)

Are intangible and imperishable

c)

Are similar and perishable

d)

Are dissimilar and intangible

14.

Products that are created and marketed to final consumers to satisfy their individual wants and needs are called:

a)

Business (B2B) products

b)

Company (B2C) products

c)

Consumer (B2C) products

d)

Convenience (B2C) products

15.

Products used by a business to manufacture goods and services, facilitate operations, or to resell to other customers are called:

a)

Business (B2B) products

b)

Company (B2C) products

c)

Consumer (B2C) products

d)

Convenience (B2C) products

16.

What is the difference between a product line and a product mix?

a)

A product line is a specific version of a product, and a product mix is a group of closely related product items that a business sells

b)

A product line is a specific version of a product, and a product mix is all of the items that a business sells

c)

A product line is all of the items that a business sells, and a product mix is a group of closely related product items that a business sells

d)

A product line is a group of closely related product items, and a product mix is all of the items that a business sells

17.

A brand that is owned and created by a manufacturer and is usually sold by numerous competing retailers is called a:

a)

National brand

b)

Popular brand

c)

Private brand

d)

Store brand

18.

A brand that is created and sold exclusively by a retailer or wholesaler is called a:

a)

Name brand

b)

National brand

c)

Popular brand

d)

Private label brand

19.

A visual symbol associated with a product, company, or idea is called a:

a)

Brand character

b)

Brand symbol

c)

Logo

d)

Symbol

20.

If a brand wanted to command attention and convey value and low cost, which color would be best for them to use?

a)

Blue

b)

Green

c)

Orange

d)

Yellow

21.

Which of the following is the meaning of price?

a)

The amount of money a business spends to produce its products

b)

The amount of money a business charges consumers to purchase its products

c)

The amount of money a business adds to the cost of a product before selling it

d)

The cost to a business to sell its products

22.

Any pricing strategy used by a business that creates an impression in the mind of the consumer is called:

a)

Intellectual pricing

b)

Price anchoring

c)

Psychological pricing

d)

Reflective pricing

23.

The number of items that consumers would purchase at a specific price is called the:

a)

Demand

b)

Interest

c)

Supply

d)

Surplus

24.

Any communication from a business to consumers in order to influence their opinion or elicit a response is called:

a)

Advertising

b)

Market communication

c)

Media

d)

Promotion

25.

Any form of impersonal paid communication in which the sponsor or company is identified is called:

a)

Advertising

b)

Market communication

c)

Media

d)

Promotion

26.

The act of creating and maintaining a positive image for a person, business, or organization is called:

a)

Advertising

b)

Personal Selling

c)

Public Relations

d)

Sales Promotion

27.

Coupons, rebates, free samples, and other marketing activities that stimulate consumer buying are examples of:

a)

Advertising

b)

Personal Selling

c)

Public Relations

d)

Sales Promotion

28.

A purchase situation involving a personal, paid-for communication between two people in an attempt to influence each other is called:

a)

Advertising

b)

Personal Selling

c)

Public Relations

d)

Sales Promotion

29.

Which of the following is an example of direct distribution?

a)

A bakery producing cupcakes for local supermarkets to sell

b)

A discount store selling Nike shoes

c)

A coffee shop baking and selling muffins to their customers

d)

StubHub reselling tickets to the Super Bowl

30.

A distribution channel intermediary that purchases and resells products mainly to customers is called:

a)

An agent

b)

A distributor

c)

A retailer

d)

A wholesaler

31.

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large is called:

a)

Marketing

b)

Advertising

c)

Sales

d)

Public Relations

32.

A unique blend of product, price, place, and promotion strategies designed to produce mutually satisfying exchanges with consumers is often referred to as the:

a)

Marketing Mix

b)

Business Plan

c)

Sales Strategy

d)

Advertising Campaign

33.

Which of the following make up the "four P's" of marketing?

a)

Price, Place, Promotion, Product

b)

People, Process, Physical Evidence, Product

c)

Price, People, Process, Promotion

d)

Product, Process, Place, People

34.

This is what the buyer must give up in order to get a product:

a)

Price

b)

Quality

c)

Brand

d)

Warranty

35.

This is the starting point of any marketing mix:

a)

Product

b)

Promotion

c)

Place

d)

Price

36.

A specific group of consumers that a business wants to reach is called:

a)

Target market

b)

General audience

c)

Random sample

d)

Focus group

37.

The target market of a company can be based on which of the following:

a)

All of the above

b)

Age only

c)

Income only

d)

Location only

38.

Placing people into smaller categories or groups in order to market to their similar needs and wants is called:

a)

Market segmentation

b)

Product differentiation

c)

Brand positioning

d)

Customer profiling

39.

What are the four types of market segmentation?

a)

Psychographic, geographic, demographic, and behavioral

b)

Economic, social, cultural, and political

c)

Product, price, place, and promotion

d)

Internal, external, direct, and indirect

40.

Demographic segmentation is when a business divides the market for its products based on what types of variables?

a)

Age, gender, education level, occupation, and ethnicity

b)

Income, lifestyle, interests, and hobbies

c)

Location, climate, region, and population density

d)

Brand loyalty, usage rate, and purchase occasion

41.

What a business offers customers to satisfy their needs and wants is called the:

a)

Product

b)

Service

c)

Promotion

d)

Distribution

42.

Something tangible that a consumer can purchase is called a:

a)

Good

b)

Service

c)

Idea

d)

Experience

43.

Services differ from goods in that they:

a)

Are dissimilar and intangible

b)

Are tangible and similar

c)

Are identical and tangible

d)

Are tangible and dissimilar

44.

Products that are created and marketed to final consumers to satisfy their individual wants and needs are called:

a)

Consumer (B2C) products

b)

Industrial (B2B) products

c)

Wholesale products

d)

Retail products

45.

Products used by a business to manufacture goods and services, facilitate operations, or to resell to other customers are called:

a)

Business (B2B) products

b)

Consumer (B2C) products

c)

Retail products

d)

Wholesale products

46.

What is the difference between a product line and a product mix?

a)

A product line is a group of closely related product items, and a product mix is all of the items that a business sells

b)

A product line is a single product, and a product mix is a group of unrelated products

c)

A product line is a marketing strategy, and a product mix is a sales strategy

d)

A product line is a type of advertisement, and a product mix is a type of promotion

47.

A brand that is owned and created by a manufacturer and is usually sold by numerous competing retailers is called a:

a)

National brand

b)

Private label brand

c)

Generic brand

d)

Store brand

48.

A brand that is created and sold exclusively by a retailer or wholesaler is called a:

a)

Private label brand

b)

National brand

c)

Generic brand

d)

Franchise brand

49.

A visual symbol associated with a product, company, or idea is called a:

a)

Logo

b)

Slogan

c)

Trademark

d)

Brand name

50.

If a brand wanted to command attention and convey value and low cost, which color would be best for them to use?

a)

Blue

b)

Red

c)

Green

d)

Yellow

51.

Which of the following is the meaning of price?

a)

The quality of a product

b)

The amount of money a business charges consumers to purchase its products

c)

The popularity of a brand

d)

The cost of production

52.

Any pricing strategy used by a business that creates an impression in the mind of the consumer is called:

a)

Competitive pricing

b)

Discount pricing

c)

Psychological pricing

d)

Cost-plus pricing

53.

The number of items that consumers would purchase at a specific price is called the:

a)

Supply

b)

Demand

c)

Inventory

d)

Cost

54.

Any communication from a business to consumers in order to influence their opinion or elicit a response is called:

a)

Promotion

b)

Advertising

c)

Public Relations

d)

Sales Promotion

55.

Any form of impersonal paid communication in which the sponsor or company is identified is called:

a)

Advertising

b)

Promotion

c)

Public Relations

d)

Sales Promotion

56.

The act of creating and maintaining a positive image for a person, business, or organization is called:

a)

Public Relations

b)

Advertising

c)

Promotion

d)

Sales Promotion

57.

Coupons, rebates, free samples, and other marketing activities that stimulate consumer buying are examples of:

a)

Sales Promotion

b)

Advertising

c)

Public Relations

d)

Promotion

58.

A purchase situation involving a personal, paid-for communication between two people in an attempt to influence each other is called:

a)

Personal Selling

b)

Advertising

c)

Public Relations

d)

Sales Promotion

59.

Which of the following is an example of direct distribution?

a)

A coffee shop baking and selling muffins to their customers

b)

A supermarket selling products from various brands

c)

A wholesaler distributing goods to retailers

d)

An online marketplace connecting buyers and sellers

60.

A distribution channel intermediary that purchases and resells products mainly to customers is called:

a)

A retailer

b)

A manufacturer

c)

A wholesaler

d)

A distributor