Digital Marketing Fundamentals Quiz
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Questions and Answers

What is the essence of marketing according to Peter Drucker?

  • Creating a relationship between brand and customers on a long term basis (correct)
  • Expanding the scope of marketing exchanges
  • Influencing the timing of demands
  • Maximizing short-term profits
  • What is the cost comparison between attracting new customers and retaining existing ones?

  • It costs more to attract new customers than to retain existing ones (correct)
  • The cost of attracting new customers is equal to retaining existing ones
  • It costs less to attract new customers than to retain existing ones
  • The cost of attracting new customers is not mentioned in the text
  • What is the scope of marketing, as mentioned in the text?

  • Narrow, with minimal exchanges
  • Large, with a lot of possible exchanges (correct)
  • Limited, with few possible exchanges
  • Not defined in the text
  • What is the primary function of market offerings according to the text?

    <p>To satisfy customer needs and wants competitively and profitably</p> Signup and view all the answers

    What is the essence of the marketing process based on the text?

    <p>Creating value and capturing customer value</p> Signup and view all the answers

    What is the primary objective of marketing, according to the text?

    <p>To attract and retain customers for a long period to create profit</p> Signup and view all the answers

    What is the essence of marketing process, as per the text?

    <p>Create value and capture customer value</p> Signup and view all the answers

    What is the function of market offerings, based on the text?

    <p>Satisfy customers' needs and wants competitively and profitably</p> Signup and view all the answers

    What is the cost comparison between attracting new customers and retaining existing ones, according to the text?

    <p>It costs more to attract new customers than to retain existing customers</p> Signup and view all the answers

    What is the scope of marketing, as mentioned in the text?

    <p>Large, with a lot of exchanges possible</p> Signup and view all the answers

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