Banking Products and Services Quiz

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Questions and Answers

What is the term used for the initiative of banks to create recall for their products?

  • Promotion
  • Branding (correct)
  • Marketing
  • Segmentation

Which type of branding by banks is aimed at creating product recall?

  • Corporate branding
  • Segment branding
  • Service branding
  • Product branding (correct)

What is the primary aim of banks adopting product branding?

  • Develop business strategies
  • Attract new customers
  • Create product recall (correct)
  • Create recall about the banks

Which type of products do banks market to help create recall about the banks themselves?

<p>Core products (A)</p> Signup and view all the answers

For which type of products do banks need a concerted marketing effort for success?

<p>Augmented products (B)</p> Signup and view all the answers

Which type of branding by banks aims to develop definite business through specific strategies?

<p>Product branding (A)</p> Signup and view all the answers

What is the purpose of banks adopting corporate branding?

<p>Create recall about the bank itself (D)</p> Signup and view all the answers

How do different bankers market their products even if they have common features?

<p>By using different names for the same products (D)</p> Signup and view all the answers

What group of products do not require much marketing orientation according to the text?

<p>Core Products (C)</p> Signup and view all the answers

What classification do the types of products marketed by banks fall into according to the text?

<p>Deposit Products and Liability Products (C)</p> Signup and view all the answers

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