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WorksheetsMarketing Review Questions
Total questions: 56
Worksheet time: 28mins
Matching — Choose the marketing term that best fits the statement: The activity, set of instructions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Marketing
Promotion
Public Relations
Distribution
Matching — Choose the marketing term that best fits the statement: Any form of communication used to inform, persuade, or remind.
Advertising
Promotion
Publicity
Personal Selling
Matching — Choose the marketing term that best fits the statement: Amount of money available after all costs and expenses have been paid.
Gross Margin
Profit
Markup
Price Skimming
Matching — Choose the marketing term that best fits the statement: No frills low price.
Premium Pricing
Economy Pricing
Penetration Pricing
Price Skimming
Matching — Choose the marketing term that best fits the statement: A temporary high price charged because there is a substantial competitive advantage for a limited amount of time.
Price Skimming
Premium Pricing
Penetration Pricing
Economy Pricing
Matching — Choose the marketing term that best fits the statement: A set of promotional activities designed to generate sales in the retail setting.
Advertising
Merchandising
Public Relations
Distribution
Matching — Choose the marketing term that best fits the statement: The difference between the selling price and the product costs.
Gross Margin
Profit
Markup
Price Skimming
Matching — Choose the marketing term that best fits the statement: A specific group of consumers who have similar wants and needs.
Brand Name
Target Market
Retailers
Marketing Mix
Matching — Choose the marketing term that best fits the statement: An ongoing program of non-paid and paid communications.
Promotion
Public Relations
Publicity
Advertising
Matching — Choose the marketing term that best fits the statement: Amount added to the cost of a product to set the selling price.
Markup
Gross Margin
Profit
Penetration Pricing
Matching — Choose the marketing term that best fits the statement: Uses a high price where there is a uniqueness about the product or service.
Premium Pricing
Economy Pricing
Price Skimming
Penetration Pricing
Matching — Choose the marketing term that best fits the statement: Communicating directly with potential customers to determine and satisfy their needs.
Selling
Personal Selling
Advertising
Public Relations
Matching — Choose the marketing term that best fits the statement: Unique identification for a company’s products.
Brand Name
Target Market
Marketing Mix
Retailers
Matching — Choose the marketing term that best fits the statement: The blending of four marketing elements – product, distribution, price, and promotion.
Merchandising
Marketing Mix
Public Relations
Distribution
Matching — Choose the marketing term that best fits the statement: Any paid form of communication through mass media directed at identified consumers to provide information and influence their actions.
Publicity
Advertising
Promotion
Personal Selling
Matching — Choose the marketing term that best fits the statement: Non-paid promotional communication presented by the media rather than by the business.
Public Relations
Publicity
Advertising
Merchandising
Matching — Choose the marketing term that best fits the statement: The final business organization in an indirect channel of distribution for consumer products.
Retailers
Distribution
Marketing
Target Market
Matching — Choose the marketing term that best fits the statement: Direct, individualized communication with prospective customers to assess their needs and assist them in satisfying those needs with appropriate products and services.
Selling
Personal Selling
Advertising
Promotion
Matching — Choose the marketing term that best fits the statement: An artificially low price set to gain market share.
Economy Pricing
Penetration Pricing
Price Skimming
Premium Pricing
Matching — Choose the marketing term that best fits the statement: Locations and methods used to make a product or service available to the target market.
Distribution
Merchandising
Marketing Mix
Advertising
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the following target market represents the general personality, behavior, lifestyle, rate of use, repetition of need, benefits sought, and loyalty characteristics of your customers.
Geographics
Demographics
Psychographics
Behaviors
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which stage of the product planning process produces and tests the product in a small part of the market and analyzes/modifies results as needed.
Limited Production & Test Marketing
Idea Development
Full-Scale Production
Idea Screening
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which pricing strategy attempts to increase the amount customers spend once they've started to buy (i.e., airlines charging for luggage).
Psychological pricing
Consumer to Consumer
Optional product pricing
Business to Educators
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: What are the 4 Ps.
Product, price, patron, partner
Product, price, place, promotion
Publicity, public relations, primary, price
Primary, price, place, partner
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the following is NOT one of the 7 marketing functions.
Promotion
Selling
Pricing
Media Buying
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which type of research study collects information by recording the actions of consumers rather than asking them questions.
Surveys
Experiments
Observations
Focus groups
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the 7 marketing functions communicates information about products and services to potential customers.
Selling
Pricing
Financial Analysis
Promotion
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the following target market represents the location, size of the area, density, and climate zone of your customers.
Geographics
Demographics
Psychographics
Behaviors
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the following is NOT a step in the consumer decision making process.
Recognize a need
Gather information
Select and evaluate alternatives
Build or grow the product on your own
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the 7 marketing functions obtains, manages, and uses market information to improve business decision-making and the performance of marketing activities.
Distribution
Marketing-Information Management
Selling
Product & Service Management
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the following is NOT a step in marketing research.
Define the marketing problem
Gather & analyze data
Gross margin
Propose a solution
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the following does NOT affect price.
Weather
Uniqueness
Age
Complexity
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: What provides protection and security for a product before it is used.
Basic Product
Brand Name
Product Features
Packaging
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which of the 7 marketing functions designs, develops, maintains, improves, and acquires products and services that meet consumer needs.
Distribution
Selling
Marketing-Information Management
Product & Service Management
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: A(n) ________ is an example of a Business to Business service.
Telecommunications
Personal Tax Accountant
Hairdresser
Tutor
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which stage of the product planning process studies the target market and develops the full marketing strategy.
Idea Development
Production & Financial Planning
Idea Screening
Limited Production & Test Marketing
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which type of research study presents two carefully controlled alternatives to subjects in order to determine which is preferred or has better results.
Surveys
Experiments
Observations
Focus Groups
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: All of the expenses of running a business that are associated with the product are called.
Operating expenses
Product costs
Selling Price
Profit
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Which type of message gets consumers attention and gives simple information.
After Purchase Messages
Later Messages
Early Messages
End of Life Cycle Messages
Multiple Choice — Identify the letter of the choice that best completes the statement or answers the question: Why do so many new products fail.
Poor positioning
Too little marketing support
Product didn't deliver promised benefits
All of these reasons
True/False — Indicate whether the sentence or statement is true or false: Price is the easiest of the 4 Ps to change.
True
False
True/False — Indicate whether the sentence or statement is true or false: Mass promotion is the most expensive form of communication.
True
False
True/False — Indicate whether the sentence or statement is true or false: Highly complex and technical products typically have higher prices than simple products.
True
False
True/False — Indicate whether the sentence or statement is true or false: Products that are in high demand typically have a lower price.
True
False
True/False — Indicate whether the sentence or statement is true or false: McDonald’s Value Meals are an example of promotional pricing.
True
False
True/False — Indicate whether the sentence or statement is true or false: In retailing, products are called merchandise.
True
False
True/False — Indicate whether the sentence or statement is true or false: Surveys use a small number of consumers to take part in group discussions and talk about their experiences with a product.
True
False
True/False — Indicate whether the sentence or statement is true or false: A markdown is the amount added to the cost of a product to set the selling price.
True
False
True/False — Indicate whether the sentence or statement is true or false: Advertising is the most effective form of promotion.
True
False
True/False — Indicate whether the sentence or statement is true or false: Services are intangible and are consumed at the same time they are produced.
True
False
What is marketing?
The action of promoting and selling services, including market research.
A boy named Mark who is dancing.
The action of promoting products to be sold less than other products, including advertising.
The business of promoting and selling products, including market advertising.
What is the role of 'promotion' in the marketing mix?
To determine the price of a product
To inform, persuade, and remind customers about a product
To design the product
To distribute the product
Which element is NOT part of the traditional marketing mix (4 Ps)?
Product
Price
Promotion
People
_____ is an overall and coordinated approach for connecting an audience with a product or service that will meet the audience's need
marketing
branding
positioning
promotion
