Marketing Fundamentals: 4 Ps and Market Research

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary purpose of market research in a cleaning company?

  • To develop a new product line
  • To identify the target audience and their needs (correct)
  • To analyze the company's financial performance
  • To understand the competitor's pricing strategy

Which of the following is an example of a primary market research method?

  • Analyzing industry reports and journals
  • Reviewing competitors' websites
  • Conducting a survey on social media
  • Conducting a focus group with customers (correct)

What is the main difference between open-ended and close-ended questions in a survey?

  • The level of complexity
  • The length of the question
  • The type of response required (correct)
  • The tone of the question

Which of the 4 Ps (Product, Price, Place, and Promotion) is most closely related to market research?

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

What is the primary advantage of using secondary market research in a cleaning company?

<p>It is faster and more cost-effective than primary research (A)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

The Marketing Mix Quiz
5 questions

The Marketing Mix Quiz

FastestGrowingRooster avatar
FastestGrowingRooster
Strategic Marketing Overview
8 questions
Use Quizgecko on...
Browser
Browser