Marketing Concepts Quiz
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Questions and Answers

Which of the actions listed below corresponds to the company's Product orientation?

  • Launching a new account that reimburses 3% of all electricity, water and telephone bills domiciled in it.
  • Sponsoring an exhibition of Renaissance painters in Madrid.
  • Offering cutlery with the opening of a new account.
  • Buying Blue Bank and restructuring the workforce, which allows Blue Bank to increase productivity per employee. (correct)
  • Which of the following scenarios uses a Nominal scale?

  • When we ask people to rank different shampoos based on their preference, respondents answer 1 "HS", 2 "Elvive", 3 "Pantene".
  • On a scale of 1 to 10 regarding beer taste, a respondent rates "Heineken" 6, "Budweiser" 7 and "Coronita" 2.
  • The University assigns each student an identification number.
  • The market shares of brands A, B and C are 32%, 35% and 33% respectively. (correct)
  • Which of the following scenarios uses an Interval scale?

  • When we ask people to rank different shampoos based on their preference, respondents answer 1 "HS", 2 "Elvive", 3 "Pantene".
  • The market shares of brands A, B and C are 32%, 35% and 33% respectively.
  • The University assigns each student an identification number.
  • On a scale of 1 to 10 regarding beer taste, a respondent rates "Heineken" 6, "Budweiser" 7 and "Coronita" 2. (correct)
  • Which of the following scenarios uses a Ratio scale?

    <p>The University assigns each student an identification number. (C)</p> Signup and view all the answers

    The statement "If the purchase is for personal use, these campaigns are aimed at the hygiene need" is true.

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

    The statement "If the perfume or cologne is for gift-giving, these campaigns are aimed at the need for social acceptance" is true.

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

    The statement "If the purchase is for personal use, these campaigns are aimed at the need for self-esteem among others" is true.

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

    The statement "If the purchase is for personal use, these campaigns are aimed at the need for protection" is true.

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

    Study Notes

    Exam Information

    • Exam duration: 1 hour and 15 minutes
    • 25 multiple-choice questions
    • Correct answers: 0.4 points each
    • Incorrect answers: -0.2 points each
    • Unanswered: 0 points
    • Do not detach pages
    • Hand in the answer sheet with the question paper

    Question 1: Market Orientations

    • Match market orientations (Production, Product, Sales, and Consumer) with Blue Bank actions.
      • Offering a new account package
      • Buying and restructuring a company, improving employee productivity
      • Sponsoring a Renaissance art exhibition.
      • Launching a new account that reimburses 3% of electricity, water and landline phone bills.

    Question 2: Scales of Measurement

    • Match examples with the appropriate scale of measurement. (Nominal, Ordinal, Interval, Ratio)
      • University ID number assignment
      • Shampoo preference ranking (e.g., Elvive, Pantene)
      • Beer taste rating on a scale of 1 to 10.
      • Market share percentages of brands A, B, and C.

    Question 3: Maslow's Hierarchy of Needs

    • Determine if statements about perfume advertising are true or false based on Maslow's hierarchy.
      • Perfume purchase for personal use → hygiene needs
      • Gifting perfume → social acceptance needs
      • Self-purchase of perfume → esteem needs
      • Perfume purchase for personal use → safety/security needs

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    Description

    Test your understanding of key marketing concepts and scales of measurement through this quiz. From market orientations to measurement scales, you'll evaluate various scenarios and match them correctly. Perfect for students who want to reinforce their marketing knowledge.

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