Marketing Management B.B.A. Examination Quiz

A market is a place where buyers and sellers come together to exchange goods or services.

The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market.

Consumer behavior is the study of individuals, groups, or organizations and the processes they use to select, secure, use, and dispose of products, services, experiences, or ideas to satisfy their needs and wants.

Digital marketing refers to advertising delivered through digital channels such as search engines, websites, social media, email, and mobile apps.

Marketing positioning is important as it helps a company create a unique and favorable image in the minds of the target market.

The objectives of marketing research include gathering information about markets, customers, and competitors to support decision making and improve marketing strategies.

The product life cycle describes the stages a product goes through from introduction to withdrawal in the market. The stages include introduction, growth, maturity, and decline.

Factors influencing consumer behavior include cultural, social, personal, and psychological factors. Consumer socialization is influenced by family, peers, social media, and cultural norms.

Consumer segmentation is based on factors such as demographics, psychographics, behavior, and geographic location. It helps businesses target specific consumer groups with tailored marketing strategies.