Principles of Marketing Quiz

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Questions and Answers

What is the main rule to follow in marketing according to the text?

  • No risk, no profit (correct)
  • High risk, high profit
  • No risk, no loss
  • Low risk, low profit

What is the role of confidence in starting a business?

  • Confidence is not necessary for starting a business
  • Confidence is needed only for marketing
  • Confidence is only needed in small businesses
  • Confidence is important for starting a business (correct)

What does the text suggest about the uniqueness of the market?

  • The market should have only one product available
  • The market should have more demand and less supply (correct)
  • The market should have numerous providers for the same product
  • The market should not have any competition

How should the quality of the product be maintained?

<p>Quality should be maintained properly (C)</p> Signup and view all the answers

What is the significance of maintaining security and privacy for a product being sold virtually, as per the text?

<p>It increases customer satisfaction and repeat purchases (D)</p> Signup and view all the answers

What is the relationship between demand and provider according to the text?

<p>Demand should exceed the number of providers for a successful market (C)</p> Signup and view all the answers

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