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WorksheetsMarketing Concepts Practice Test
Total questions: 50
Worksheet time: 25mins
Which of the following is a direct channel of distribution for consumer goods and services:
Producer to industrial user
Producer to retailer to consumer
Producer to distributor to user
Producer to ultimate consumer
To build positive customer relations, a business must be
small.
aggressive.
proactive.
profitable.
A customer called to complain that a promised shipment had not arrived and to find out what happened. You say you will check and call back. How can you show a customer service mindset?
By following up to see if the customer is satisfied with your company's service
By talking about the problem with coworkers
By helping organize the warehouse
By calling back as soon as possible with an answer
What should you do to determine whether a customer's complaint is justified?
Restate the complaint
Take immediate action
Ask a supervisor
Investigate the problem
A farmer recently purchased 1,400 acres of farmland and six new pieces of farm machinery. What categories of resources did the farmer acquire?
Natural and capital
Natural and land
Labor and human
Capital and labor
What type of market likely exists when a local car dealer has many vehicles for sale at low prices but demand is low?
Inelastic
Buyer's
Elastic
Seller's
In order to have exclusive rights to their literary and artistic works, authors and artists can apply for a
tariff.
trademark.
patent.
copyright.
Which of the following is an example of the limits to economic freedom:
Francesca wants to start her own company, so she becomes an entrepreneur.
A company wants to purchase an office building, but another company purchases it.
Patrick decides to sell his car to his younger sibling for $10,000.
Shawn competes with several other applicants for the job position he wants.
Many businesses reinvest the profits that they make to
improve their credit rating.
increase employees' bonuses.
expand their operations.
increase their emergency funds.
One characteristic of trade-industry businesses is that they sell
a narrow assortment of products.
products to others.
only limited product lines.
only full product lines.
A willingness to learn, to change, and to take occasional risks all refer to a leader with
credibility.
business knowledge.
a passion for work and people.
flexibility.
Employees who value differences in the workplace are more satisfied and increase the company's
assets.
workforce.
productivity.
benefits.
When DeShawn’s teacher compliments his work on the group project, DeShawn gives credit to the other group members who helped. DeShawn is demonstrating
transparency.
rule of law.
viability.
trust.
Siobhan always treats others the way that she'd like to be treated. She is building trust by
communicating often and openly.
keeping her promises.
taking responsibility for her mistakes.
being fair.
Business accounting information often is summarized in which of the following types of financial statements:
Trade report
Sales forecast
Balance sheet
Fiscal policy
Which of the following is an example of an experimental study:
Analyzing computer cookies
Conducting a focus group
Test marketing a product
Reviewing customer diaries
A large corporation wants to gather information on its biggest competitor's product development plans. Should the corporation advertise and hold interviews for nonexistent jobs to get information from the competitor's employees?
Yes, employees would share information if they thought they would be hired.
No, this strategy for gathering information is unethical.
Yes, any method of gathering information is fair.
No, the competitor's employees probably have no useful information.
Mara, a marketing researcher, watches customers as they shop for products and writes down her impressions of the customers' behaviors. Mara is gathering ________ data by ________.
primary, interviewing
secondary, relating
primary, observing
secondary, surveying
Which of the following is a disadvantage of the focus group method for data collection:
Strong personalities can "take over" the group.
Focus groups are difficult to design for marketing purposes.
It raises concerns about privacy.
It fails to reveal attitudes or motives.
At an exhibit, an employee helps customers make selections of new items that appeal to them. Which function of marketing is the salesperson performing?
Selling
Promotion
Distribution
Pricing
Television advertisements, interactions with salespeople, and bills or invoices are all examples of
corporate responsibility.
touchpoints.
market share.
emotional motives.
Which element of the marketing mix communicates information to the customer?
Profit
Product
Promotion
Place
The customer characteristic that reflects where customers fit in the day-to-day buying routine is known as
origin or heritage.
life stage.
personal belief.
socioeconomic status.
The section of the marketing plan that addresses advertising, publicity, and personal selling is called the ________ section.
price
product
place
promotion
"Helsinki is the capital of Finland" is an example of what type of information?
Opinion
Unproven
Factual
Criticism
Information that has been printed for publication is often more reliable than many internet sources because
the information is typically carefully checked for accuracy.
publishers do not support special interest groups.
authors have affiliations with professional organizations.
published information is current and up to date.
So the company can make wise business decisions, it is important for the company to effectively manage its
information.
demand.
markets.
ratings.
Are the outputs of production limited to tangible items?
No, outputs can be tangible or intangible.
Yes, outputs are tangible goods and services.
Yes, outputs are limited to tangible items.
No, outputs are limited to intangible items.
Shia manages the day-to-day activities needed to produce and distribute smartphones for a worldwide company. Shia's job title is most likely
quality inspector
marketing manager
operations manager
sales manager
Which of the following is a corrective action you could take if your project has derailed:
Stakeholder management
Risk tracking
Refocusing scope
Project failure
What type of skills do marketers need to help them resolve customers' complaints?
Self-serving
Product planning
Decision-making
Goal setting
Which of the following is an ethical standard that marketers should follow:
Use strong sales tactics
Strive to tell the truth
Offer the cheapest products
Share information with competitors
Which of the following statements regarding protocols is true:
Employees don't need to know about their company's protocol.
A protocol is a type of guideline that prohibits a certain activity.
Protocols are broader in nature than other types of company guidelines.
Company protocols are generally not as important as company policies.
The price a business sets on a particular product often has an effect on the business's choice of a(n) ________ to promote that item.
agency
visual
medium
slogan
Which of the following expenses is considered a fixed cost:
Cost of goods sold
Insurance
Sales commissions
Shipping charges
Supermarkets package various cuts of meats with gummed labels showing the store's name, type of meat, unit price, weight, and total price of the item. Which of the following federal laws is being carried out:
Consumer Product Safety Act
Food, Drug, and Cosmetic Act
Magnuson-Moss Warranty Act
Fair Packaging and Labeling Act
The nature of a good or service is a factor that might cause a salesperson to modify the __________ process.
closing
selling
buying
probing
A toothpaste manufacturer packages a toothbrush and dental floss along with its toothpaste. This is known as
product positioning.
price fixing.
promotional blending.
product bundling.
A company that makes ink pens claims that no other pen on the market uses a type of ink that changes color when exposed to light. The company is positioning its product according to what strategy?
Relation to other products in a line
Price and quality
Features and benefits
Unique characteristics
In the past several years, Jenny noticed that many younger people have moved from her town to larger cities and that a large segment of the town's citizens are reaching retirement age. Jenny realized that there is a growing need for a variety of home health care services for the town's senior citizens. What factor presented Jenny with this product opportunity?
Geographic limitations
Demographic changes
Personal attitudes
Economic resources
A health food company believes in customer satisfaction and cares about providing customers with healthy, high-quality food. These beliefs are known as
brand personality.
brand identity.
brand values.
private brands.
You buy some batteries that have information about their money-back guarantee printed on their packaging. This information is intended to __________ you.
inform
persuade
protect
remind
One of the most effective ways of promoting a product to a mass audience is through
telephoning.
advertising.
personal selling.
target marketing.
Which of the following is an example of direct mail:
Reading a manufacturer's information
Mailing a brochure to a consumer's home
Broadcasting a TV commercial
Developing a sales presentation
Which of the following are communication channels that businesses often use when engaging in the push promotion strategy:
Trade advertising and pricing
Trade advertising and trade shows
Mass advertising and trade shows
Mass advertising and coupons
One of the ways in which a business can revive a product that is in the decline stage of the product life cycle is to __________ the product.
repackage
discontinue
position
remove
Salespeople often are able to acquire useful product knowledge by
attending industry training classes.
talking with competitors.
watching others sell the product.
examining the product itself.
Which of the following is one way that salespeople can go a step further in providing quality customer service:
Use advertising
Keep in touch
Be aggressive
Provide feedback
Terms-of-sale selling policies cover such conditions of the sale as
credit, delivery, and discounts.
installation and maintenance.
entertaining the customer and prospecting.
discounts, guarantees, and returns.
What are the primary functions of management?
Controlling, marketing, planning, and wholesaling
Controlling, leading, planning, and retailing
Controlling, leading, organizing, and planning
Controlling, purchasing, leading, and selling
