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Mid term Test
Mid term Test
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1
Any form of communication a business uses to inform, persuade or remind a customer.
promotion
price
price of distribution
narketing
2
When customers see few differences between products, they are more likely to choose a product based on
price
convience
brand name
quality
3
The combination of the four basic marketing decisions: prouct, place, price, promotion
demographics
marketing mix
marketing concepts
target marketing
4
An example of an impulse good is
a piano
a bicycle
expensive jewelry
candy
5
The locations and methods used to make the product available to customers.
marketing
price
place of distribution
promotion
6
For price-based shopping goods,
all are correct
consumers see important differences in product features
the product is the most important mix element
customers expect to find price differences among brands
7
Specialty goods
are not items a consumer actively shops to purchase
inspire strong brand loyalty
must be unique, high-quality products
are always expensive
8
Products aimed at a large market tend to be very
similar
expensive
inexpensive
unique
9
The market segementation is based on the concept that people who...
psychographic segementation
geographic segmentation
demographic segementation
product benefit segementation
10
Which of the following product could best be marketed using geogra..
head and shoulders
a snow blower machine
modern bride magazine
candy machine
11
Which marketing function establishes the value of products and services?
pricing
selling
marketing-information management
product/service management
12
This is defined as the rivalry among business for customers.
segementation
competition
monopoly
industrialization
13
Successful businesses development an approach to marketing related to ...
promotional concept
industrialzation concept
marketing concept
revenue generating concpts
14
Every channel of distribution begins with ____ and end with...
customers
retailer
producer
intermediary
15
This is the process of planning, pricing, promoting, selling, and distribution...
merchandising
production
marketing
selling
16
Products or services that are purchased as a result of an urgent need are
emergency goods
impluse goods
staple goods
shopping goods
17
Product, place, price, and promotion decisions:
are known as the four Ps of marketing
are known as the elements of marketing
all of the above
comprise the marketing mix
18
In which stage of the product life cycle do profits in the market start to go down?
decline
growth
introduction
maturity
19
Which is the best example of a product that uses a market segementation...
Shell Regular Gasoline
Coca-Cola in 2 liter bottles
Poligrip denture adhesive
Pepis Cola in aluminum cans
20
This type of competition that is based on price and value. We see this..
industrial competition
non-price competition
consumer competition
price competition