Business Marketing 1st Quarter (Quarterly)
90 Questions
0 Views

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

Which factor affects the decision of customers in buying a product or service?

  • Price (correct)
  • Marketing strategy
  • Product quality
  • Distribution plan
  • What is the next step a marketer should think of after having the right product and the right price?

  • Promotion
  • Product development
  • Market research
  • Distribution (correct)
  • What are the common tools used by marketers to promote products or services?

  • Product placement
  • Market research
  • Advertising (correct)
  • Product development
  • Which element of the marketing mix refers to finding suitable locations or channels where the product will be available?

    <p>Place</p> Signup and view all the answers

    What should a marketer consider when communicating about the product, price, and place?

    <p>Medium and message</p> Signup and view all the answers

    Which element of the marketing mix refers to the process of finding suitable locations or channels where the product will be available?

    <p>Place</p> Signup and view all the answers

    Which factor plays a significant role in influencing the decision of customers when buying a product or service?

    <p>Price</p> Signup and view all the answers

    What is the primary purpose of advertising in promoting products or services?

    <p>To build brand awareness</p> Signup and view all the answers

    Which marketing tool involves direct communication between the marketer and the potential customer?

    <p>Personal selling</p> Signup and view all the answers

    What should a marketer consider when communicating about the product, price, and place?

    <p>The right medium and message</p> Signup and view all the answers

    Which of the following factors is considered essential in influencing customers' buying decisions?

    <p>Pricing strategy</p> Signup and view all the answers

    What is the primary purpose of personal selling in promoting products or services?

    <p>To communicate with target customers</p> Signup and view all the answers

    Which marketing tool involves non-paid communication through media outlets?

    <p>Publicity</p> Signup and view all the answers

    What is the next step a marketer should consider after having the right product and the right price?

    <p>Distribution plan</p> Signup and view all the answers

    Which marketing mix element refers to the process of finding suitable locations or channels where the product will be available?

    <p>Place</p> Signup and view all the answers

    Which type of customer purchases goods or services for the production of their own products or services?

    <p>Business markets</p> Signup and view all the answers

    What is the key secret in increasing the number of brand champions in a company?

    <p>Providing product knowledge</p> Signup and view all the answers

    Which step is necessary to ensure that customers feel the genuine care and concern of the employees in providing service?

    <p>Training employees</p> Signup and view all the answers

    Which type of customer purchases products or services to satisfy their own needs?

    <p>Consumer markets</p> Signup and view all the answers

    Which type of customer purchases products or services to resell and gain profit from it?

    <p>Reseller markets</p> Signup and view all the answers

    According to the text, which type of customer purchases goods or services to resell and gain profit from it?

    <p>Reseller markets</p> Signup and view all the answers

    What is the primary purpose of personal selling in promoting products or services?

    <p>To establish direct communication between the marketer and the potential customer</p> Signup and view all the answers

    Which marketing mix element refers to the process of finding suitable locations or channels where the product will be available?

    <p>Place</p> Signup and view all the answers

    What is the key secret in increasing the number of brand champions in a company?

    <p>Producing a product briefer that is handy and easy to read</p> Signup and view all the answers

    According to the text, what is the next step a marketer should think of after having the right product and the right price?

    <p>Establish systems that will support excellent customer service</p> Signup and view all the answers

    According to the text, which type of customer purchases goods or services to satisfy their own needs?

    <p>Consumer markets</p> Signup and view all the answers

    According to the text, which type of customer purchases goods or services for the production of their own products or services?

    <p>Business markets</p> Signup and view all the answers

    According to the text, which type of customer purchases goods or services to resell and gain profit from it?

    <p>Reseller markets</p> Signup and view all the answers

    According to the text, which type of customer purchases commodities or services to provide public services?

    <p>Government markets</p> Signup and view all the answers

    According to the text, which type of customer imports commodities for various purposes?

    <p>International markets</p> Signup and view all the answers

    Which of the following is NOT a method of gathering primary data in marketing research?

    <p>Secondary research</p> Signup and view all the answers

    What are the three factors that need to be considered in designing a sample for marketing research?

    <p>Sampling unit, sampling size, sampling procedures</p> Signup and view all the answers

    Which of the following is a type of probability sample?

    <p>Stratified random sample</p> Signup and view all the answers

    Which of the following is NOT a research instrument used in gathering primary data?

    <p>Observation</p> Signup and view all the answers

    What is the purpose of open-end questions in marketing research?

    <p>To understand the consumers better by finding out what they are thinking</p> Signup and view all the answers

    Which of the following is NOT a method of gathering primary data in marketing research?

    <p>Secondary research</p> Signup and view all the answers

    What is the term used to refer to a segment of the population selected for marketing research?

    <p>Sampling unit</p> Signup and view all the answers

    Which type of sample involves selecting subjects based on specific characteristics or attributes?

    <p>Stratified random sample</p> Signup and view all the answers

    Which research instrument is the most common and flexible in gathering primary data?

    <p>Questionnaires</p> Signup and view all the answers

    What is the purpose of open-end questions in marketing research?

    <p>To gather rich information</p> Signup and view all the answers

    Which method of gathering primary data in marketing research allows researchers to observe the non-verbal reactions of the interviewee?

    <p>Personal interviews</p> Signup and view all the answers

    What does the term 'sample' refer to in marketing research?

    <p>The segment of the population selected for research</p> Signup and view all the answers

    Which type of sample involves selecting subjects based on specific characteristics or attributes?

    <p>Quota sample</p> Signup and view all the answers

    What is the most common research instrument used by marketing researchers?

    <p>Questionnaires</p> Signup and view all the answers

    What type of questions provide respondents with possible answers to choose from?

    <p>Close-ended questions</p> Signup and view all the answers

    Which of the following is NOT a personal factor that influences buyer behavior?

    <p>Perception</p> Signup and view all the answers

    Which type of buying behavior occurs when customers are highly involved in buying and perceive remarkable variations among the brands?

    <p>Complex Buying Behavior</p> Signup and view all the answers

    Which of the following is NOT one of the three perceptual processes mentioned in the text?

    <p>Selective comprehension</p> Signup and view all the answers

    Which of the following is NOT a psychological factor that influences buyer behavior?

    <p>Perception</p> Signup and view all the answers

    Which of the following is NOT a type of buying behavior mentioned in the text?

    <p>Impulsive Buying Behavior</p> Signup and view all the answers

    Which of the following factors is NOT considered a personal factor that influences buyer behavior?

    <p>Perception</p> Signup and view all the answers

    Which type of buying behavior occurs when customers are highly involved in buying and perceive remarkable variations among the brands?

    <p>Complex Buying Behavior</p> Signup and view all the answers

    What is the process by which people select, organize, and interpret information to form a meaningful picture?

    <p>Perception</p> Signup and view all the answers

    Which type of buying behavior takes place when customers are greatly involved in expensive, rare, or high-risk buying, but see small variations among brands?

    <p>Dissonance-Reducing Buying Behavior</p> Signup and view all the answers

    What is the term used to refer to a person's consistently favorable or unfavorable evaluations, feelings, and tendencies toward an object or idea?

    <p>Attitude</p> Signup and view all the answers

    Which of the following is NOT a type of buying behavior based on the level of customer involvement and variations among brands?

    <p>Dissonance-Reducing Buying Behavior</p> Signup and view all the answers

    Which of the following is NOT a personal factor that influences buyer behavior?

    <p>Perception</p> Signup and view all the answers

    What is the term used to refer to a person's consistently favorable or unfavorable evaluations, feelings, and tendencies toward an object or idea?

    <p>Attitude</p> Signup and view all the answers

    Which of the following is NOT a psychological factor that influences buyer behavior?

    <p>Occupation</p> Signup and view all the answers

    What is the process by which people select, organize, and interpret information to form a meaningful picture?

    <p>Perception</p> Signup and view all the answers

    Which step is necessary to ensure effective market positioning?

    <p>All of the above</p> Signup and view all the answers

    What is the purpose of product differentiation in positioning strategy?

    <p>To identify competitor's physical product differences</p> Signup and view all the answers

    Which positioning strategy involves providing the most upscale product or service and charging a higher price to cover the higher costs?

    <p>More for more positioning</p> Signup and view all the answers

    What is the recommended number of differences to promote in choosing the right competitive advantage?

    <p>Only one salient benefit</p> Signup and view all the answers

    Why is it important to execute positioning strategy with utmost preciseness?

    <p>To avoid confusion for the consumers</p> Signup and view all the answers

    Which of the following is NOT a step in choosing a positioning strategy?

    <p>Identifying the unexplored market segments</p> Signup and view all the answers

    Which of the following is NOT a way to differentiate product offerings from competitors?

    <p>Price differentiation</p> Signup and view all the answers

    Which positioning strategy involves providing the most upscale product or service and charging a higher price to cover the higher costs?

    <p>More for more positioning</p> Signup and view all the answers

    Which positioning strategy involves meeting consumers' lower performance or quality requirements at a much lower price?

    <p>Less-for-much-less positioning</p> Signup and view all the answers

    What is the term used to refer to the advantage of a company or brand over its competitors by providing customers with great value such as lower prices or unmatched benefits?

    <p>Competitive advantage</p> Signup and view all the answers

    Which of the following is NOT a step in choosing a positioning strategy?

    <p>Identifying the market segments</p> Signup and view all the answers

    Which of the following is NOT a way to differentiate product offerings from competitors?

    <p>Channel differentiation</p> Signup and view all the answers

    Which of the following is NOT a brand positioning strategy mentioned in the text?

    <p>More for the same positioning</p> Signup and view all the answers

    Which of the following is NOT a factor that companies should consider when executing a positioning strategy?

    <p>Market segments</p> Signup and view all the answers

    Which of the following is NOT a purpose of positioning according to the text?

    <p>To assess and evaluate the positioning strategy</p> Signup and view all the answers

    Which of the following is a purpose of informative advertising?

    <p>To introduce a new product or features and establish major demand</p> Signup and view all the answers

    What is the purpose of persuasive advertising?

    <p>To persuade consumers to buy a product</p> Signup and view all the answers

    What is the purpose of comparative advertising?

    <p>To compare a brand to other competing brands</p> Signup and view all the answers

    When is reminder advertising typically used?

    <p>To remind consumers about a product</p> Signup and view all the answers

    Which of the following is a technique used in creating advertisements?

    <p>Spokesperson Technique</p> Signup and view all the answers

    Which of the following is NOT one of the purposes of advertising that can be the basis of advertising objectives?

    <p>To entertain</p> Signup and view all the answers

    Which of the following is NOT one of the key players in the advertising process?

    <p>The sales team</p> Signup and view all the answers

    Which advertising technique involves using a 'presenter' of the product to deliver the advertising message directly to the audience?

    <p>Spokesperson technique</p> Signup and view all the answers

    Which advertising technique presents a dramatic formula of problem + solution = satisfaction?

    <p>Slice of life technique</p> Signup and view all the answers

    Which of the following is NOT one of the basic elements of the marketing mix?

    <p>Promotion</p> Signup and view all the answers

    Which of the following is NOT one of the purposes of advertising that can be the basis of advertising objectives?

    <p>To entertain</p> Signup and view all the answers

    Which of the following is NOT one of the key players in the advertising process?

    <p>The marketing manager</p> Signup and view all the answers

    Which of the following is NOT one of the advertising techniques mentioned in the text?

    <p>Celebrity endorsement technique</p> Signup and view all the answers

    Which of the following is NOT one of the elements of the marketing mix mentioned in the text?

    <p>Place</p> Signup and view all the answers

    Which of the following is NOT one of the basic elements of the marketing mix mentioned in the text?

    <p>Threats</p> Signup and view all the answers

    More Like This

    Business Marketing1st Quarter (periodical)
    40 questions
    Business Marketing Strategies Quiz
    10 questions
    Use Quizgecko on...
    Browser
    Browser