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Marketing Business Studies HSC Flashcards | StudBud
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Marketing Business Studies HSC
Marketing Business Studies HSC
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1
What term is part of the extended marketing mix for services that relates to business premises?
Physical evidence
Business premises
Facilities
Business location
2
who is my favourite celebrity?
rachel mcadams
my daughter Elizabeth
channing tatum
george clooney
3
How would you classify good taste in advertising as an influence on marketing?
Psychological
Social
Ethical
Legal
4
What approach believed that the main function of marketing is to promote products?
Selling approach
Production approach
Customer service approach
Marketing approach
5
What pricing strategy sets the price lower than competitors to gain market share?
Competitive Pricing
Penetration Pricing
Loss Leader
Price skimming
6
What type of target marketing is it when the main customer characteristic identified is age?
Demographic
Psychographic
Market segmentation
Geographic
7
What type of distribution saturates the market so that products can be purchased from any channel?
Selective distribution
Channel Choice
Exclusive Distribution
Intensive distribution
8
What term describes the influences on customer buying behaviour that comes from peers?
Peer pressure
Psychological
Socio-cultural
Ethical
9
What element of the promotional mix aims to develop loyal customers?
Public relations
Relationship Marketing
Social Media
Advertising
10
Which marketing strategies are concerned with how a potential customer sees a product?
Promotion
Branding
Product Positioning
Advertising
11
What describes the value of product sales by a business in comparison to the total market?
Commercial
Market Share
Sales Projection
Competitive
12
What do we call conditions on the sale of a product that are protected by consumer law?
Implied conditions
Fit for purpose
Customer guarantee
Quality expectations
13
What financial measurement of a business does marketing have a primary focus on?
Expenses
Market Share
Profit
Revenue
14
What do we call the name and logo of a product?
Brand
Trademark
Patent
Tag
15
What type of marketing strategy uses the same product name & logo worldwide?
Product Positioning
Global positioning
Product branding
Global marketing