Social Class and Social Factors Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

What is the most flexible element of the marketing mix?

  • Price (correct)
  • Product
  • Place
  • Promotion

What has made prices more visible, flexible and competitive?

  • Increased regulation
  • Technological advances
  • Globalization
  • The internet (correct)

What is another term for 'Promotion'?

  • Product Placement
  • Sales and Advertising
  • Marketing Communications (correct)
  • Public Relations

What does 'Promotion' refer to in the marketing mix?

<p>Raising awareness and attracting customers (B)</p> Signup and view all the answers

What is the key purpose of Marketing Communications?

<p>To communicate a message to the marketplace (C)</p> Signup and view all the answers

How does the text describe the flexibility of pricing?

<p>Pricing is the most volatile and dynamic element of the marketing mix (C)</p> Signup and view all the answers

What does the text say must be monitored in relation to the final price?

<p>All the factors discussed previously (C)</p> Signup and view all the answers

What does the text say about the relationship between the internet and pricing?

<p>The internet has made prices more visible, more flexible and more competitive (B)</p> Signup and view all the answers

What is the key focus of Promotion in the marketing mix?

<p>Making customers, partners and society aware of and attracted to the business's offerings (C)</p> Signup and view all the answers

What is the relationship between 'Promotion' and 'Marketing Communications' according to the text?

<p>Promotion and Marketing Communications are synonymous terms (C)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Social Class & Mobility Exam #2 Flashcards
74 questions
Social Class Inequality Flashcards
20 questions
Social Class in America Flashcards
29 questions
Use Quizgecko on...
Browser
Browser