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WorksheetsMarketing Basics Quiz
Total questions: 60
Worksheet time: 30mins
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:
Advertising
Marketing
Promotion
Selling
A unique blend of product, price, place, and promotion strategies designed to produce mutually satisfying exchanges with consumers is often referred to as the:
Marketing Balance
Marketing Mix
Marketing Plan
Marketing Strategies
Which of the following make up the "four P's" of marketing?
Price, Place, Promotion, Public Relations
Product, Personal Selling, Place, Promotion
Price, Place, Promotion, Product
Price, Promotion, Personal Selling, Public Relations
This is what the buyer must give up in order to get a product:
Cost
Revenue
Demand
Price
This is the starting point of any marketing mix:
Price
Place
Product
Promotion
A specific group of consumers that a business wants to reach is called:
Planned group
Target market
Market plan
Concentrated market
The target market of a company can be based on which of the following:
Age
Marital status
Occupation
All of the above
Placing people into smaller categories or groups in order to market to their similar needs and wants is called:
Marketing efficiency
Market segmentation
Niche marketing
Target marketing
What are the four types of market segmentation?
Demographic, niche, geographic, societal
Location-based, psychological, demographic, and niche
Psychological, geological, gender-based, and age-based
Psychographic, geographic, demographic, and behavioral
Demographic segmentation is when a business divides the market for its products based on what types of variables?
Age, gender, education level, occupation, and ethnicity
Location, culture, language, and climate
Brand loyalty, product usage, and price sensitivity
Lifestyle, values, personality, and interests
What a business offers customers to satisfy their needs and wants is called the:
Cost
Distribution
Product
Supply
Something tangible that a consumer can purchase is called a:
Good
Media
Service
Supply
Services differ from goods in that they:
Are tangible and perishable
Are intangible and imperishable
Are similar and perishable
Are dissimilar and intangible
Products that are created and marketed to final consumers to satisfy their individual wants and needs are called:
Business (B2B) products
Company (B2C) products
Consumer (B2C) products
Convenience (B2C) products
Products used by a business to manufacture goods and services, facilitate operations, or to resell to other customers are called:
Business (B2B) products
Company (B2C) products
Consumer (B2C) products
Convenience (B2C) products
What is the difference between a product line and a product mix?
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
A product line is a specific version of a product, and a product mix is all of the items that a business sells
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
A product line is a group of closely related product items, and a product mix is all of the items that a business sells
A brand that is owned and created by a manufacturer and is usually sold by numerous competing retailers is called a:
National brand
Popular brand
Private brand
Store brand
A brand that is created and sold exclusively by a retailer or wholesaler is called a:
Name brand
National brand
Popular brand
Private label brand
A visual symbol associated with a product, company, or idea is called a:
Brand character
Brand symbol
Logo
Symbol
If a brand wanted to command attention and convey value and low cost, which color would be best for them to use?
Blue
Green
Orange
Yellow
Which of the following is the meaning of price?
The amount of money a business spends to produce its products
The amount of money a business charges consumers to purchase its products
The amount of money a business adds to the cost of a product before selling it
The cost to a business to sell its products
Any pricing strategy used by a business that creates an impression in the mind of the consumer is called:
Intellectual pricing
Price anchoring
Psychological pricing
Reflective pricing
The number of items that consumers would purchase at a specific price is called the:
Demand
Interest
Supply
Surplus
Any communication from a business to consumers in order to influence their opinion or elicit a response is called:
Advertising
Market communication
Media
Promotion
Any form of impersonal paid communication in which the sponsor or company is identified is called:
Advertising
Market communication
Media
Promotion
The act of creating and maintaining a positive image for a person, business, or organization is called:
Advertising
Personal Selling
Public Relations
Sales Promotion
Coupons, rebates, free samples, and other marketing activities that stimulate consumer buying are examples of:
Advertising
Personal Selling
Public Relations
Sales Promotion
A purchase situation involving a personal, paid-for communication between two people in an attempt to influence each other is called:
Advertising
Personal Selling
Public Relations
Sales Promotion
Which of the following is an example of direct distribution?
A bakery producing cupcakes for local supermarkets to sell
A discount store selling Nike shoes
A coffee shop baking and selling muffins to their customers
StubHub reselling tickets to the Super Bowl
A distribution channel intermediary that purchases and resells products mainly to customers is called:
An agent
A distributor
A retailer
A wholesaler
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:
Marketing
Advertising
Sales
Public Relations
A unique blend of product, price, place, and promotion strategies designed to produce mutually satisfying exchanges with consumers is often referred to as the:
Marketing Mix
Business Plan
Sales Strategy
Advertising Campaign
Which of the following make up the "four P's" of marketing?
Price, Place, Promotion, Product
People, Process, Physical Evidence, Product
Price, People, Process, Promotion
Product, Process, Place, People
This is what the buyer must give up in order to get a product:
Price
Quality
Brand
Warranty
This is the starting point of any marketing mix:
Product
Promotion
Place
Price
A specific group of consumers that a business wants to reach is called:
Target market
General audience
Random sample
Focus group
The target market of a company can be based on which of the following:
All of the above
Age only
Income only
Location only
Placing people into smaller categories or groups in order to market to their similar needs and wants is called:
Market segmentation
Product differentiation
Brand positioning
Customer profiling
What are the four types of market segmentation?
Psychographic, geographic, demographic, and behavioral
Economic, social, cultural, and political
Product, price, place, and promotion
Internal, external, direct, and indirect
Demographic segmentation is when a business divides the market for its products based on what types of variables?
Age, gender, education level, occupation, and ethnicity
Income, lifestyle, interests, and hobbies
Location, climate, region, and population density
Brand loyalty, usage rate, and purchase occasion
What a business offers customers to satisfy their needs and wants is called the:
Product
Service
Promotion
Distribution
Something tangible that a consumer can purchase is called a:
Good
Service
Idea
Experience
Services differ from goods in that they:
Are dissimilar and intangible
Are tangible and similar
Are identical and tangible
Are tangible and dissimilar
Products that are created and marketed to final consumers to satisfy their individual wants and needs are called:
Consumer (B2C) products
Industrial (B2B) products
Wholesale products
Retail products
Products used by a business to manufacture goods and services, facilitate operations, or to resell to other customers are called:
Business (B2B) products
Consumer (B2C) products
Retail products
Wholesale products
What is the difference between a product line and a product mix?
A product line is a group of closely related product items, and a product mix is all of the items that a business sells
A product line is a single product, and a product mix is a group of unrelated products
A product line is a marketing strategy, and a product mix is a sales strategy
A product line is a type of advertisement, and a product mix is a type of promotion
A brand that is owned and created by a manufacturer and is usually sold by numerous competing retailers is called a:
National brand
Private label brand
Generic brand
Store brand
A brand that is created and sold exclusively by a retailer or wholesaler is called a:
Private label brand
National brand
Generic brand
Franchise brand
A visual symbol associated with a product, company, or idea is called a:
Logo
Slogan
Trademark
Brand name
If a brand wanted to command attention and convey value and low cost, which color would be best for them to use?
Blue
Red
Green
Yellow
Which of the following is the meaning of price?
The quality of a product
The amount of money a business charges consumers to purchase its products
The popularity of a brand
The cost of production
Any pricing strategy used by a business that creates an impression in the mind of the consumer is called:
Competitive pricing
Discount pricing
Psychological pricing
Cost-plus pricing
The number of items that consumers would purchase at a specific price is called the:
Supply
Demand
Inventory
Cost
Any communication from a business to consumers in order to influence their opinion or elicit a response is called:
Promotion
Advertising
Public Relations
Sales Promotion
Any form of impersonal paid communication in which the sponsor or company is identified is called:
Advertising
Promotion
Public Relations
Sales Promotion
The act of creating and maintaining a positive image for a person, business, or organization is called:
Public Relations
Advertising
Promotion
Sales Promotion
Coupons, rebates, free samples, and other marketing activities that stimulate consumer buying are examples of:
Sales Promotion
Advertising
Public Relations
Promotion
A purchase situation involving a personal, paid-for communication between two people in an attempt to influence each other is called:
Personal Selling
Advertising
Public Relations
Sales Promotion
Which of the following is an example of direct distribution?
A coffee shop baking and selling muffins to their customers
A supermarket selling products from various brands
A wholesaler distributing goods to retailers
An online marketplace connecting buyers and sellers
A distribution channel intermediary that purchases and resells products mainly to customers is called:
A retailer
A manufacturer
A wholesaler
A distributor
