Marketing Fundamentals Quiz
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Questions and Answers

What is the focus of 'Place' in the marketing mix?

  • The good or service that the company is selling to the customer
  • The amount customers pay for a product
  • Marketing communications used to encourage potential buyers
  • How and where the product is made available to customers (correct)
  • What is the key component of the marketing mix that involves marketing communications?

  • Product
  • Promotion (correct)
  • Price
  • Place
  • What is the primary focus of Step 1 in the marketing research process?

  • Specify the research objectives and pinpoint what you need to learn about your market, consumer or product (correct)
  • Design the sample
  • Choose a method for data collection
  • Determine whether to use primary or secondary data
  • What does 'validity' refer to in the context of data collection methods?

    <p>Whether the data measures what you want it to measure and is accurate</p> Signup and view all the answers

    What is the purpose of a focus group in marketing research?

    <p>To gather opinions or thoughts about a product or service from a small group of individuals</p> Signup and view all the answers

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