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Marketing Concepts Review Flashcards | StudBud
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Marketing Concepts Review
Marketing Concepts Review
41 terms
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StudBud Administration
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Introductory marketing
Flashcards
41 cards
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Practice quiz
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Questions
41
Answers
1
All businesses that buy products for use in their operations are part of the
customer market
optional market
organizational market
consumer market
2
Marketing is an activity and process involving many parts that provide
selling and motivation for consumers
reasons to make people purchase items
value for customers, clients, partners & society at large
goods and services to help businesses only
3
This refers to activities related to advertising, personal selling, sales promotion & publicity
products
pricing
place
promotion
4
Kleenex and Puffs are brand names for this generic product
paper plates
toilet paper
tissues
sandwich baggies
5
M&M's melt in your mouth
not in your hand
not in your pocket
not in your car
not in your cereal
6
Attributes of goods and services that make them capable of satisfying wants and needs are known
as a feature
as cool functions
as utility
as goods
7
Product, place, price and promotion make up the
marketing target
marketing media
marketing game
marketing mix
8
What type of person may order this cake
soccer mom
loving, grandma who wants to spoil her grandchild
all three
single dad
9
Deciding how to get goods directly into the customers hands
selling
channel management
market planning
marketing information
10
The attitude of the person who may own this car may be
reserved, kind, caring
afraid, timid, shy
sly, loud, quiet
daring, out-going, risky
11
The idea that a business should strive to satisfy consumers is the
marketing target.
marketing goal.
marketing concept.
marketing mix.
12
TV ads, newspapers, internet ads, and coupons are all examples of
product placement.
purpose.
profit.
promotion.
13
Classifying customers by characteristics is called
market segmentation
market sizing
market sectioning
market profile
14
This tasty snack is most often purchased by
grandparents
teens
healthy yogis
moms and dads
15
The market that consists of those who purchase goods and services for personal use is known as
an organizational market
a consumer market
an optional market
a known market
16
The means of getting a product into a consumers hands is this part of the marketing mix
place
price
product
promotion
17
Choosing what to make or sell is this part of the marketing mix
place
promotion
price
product
18
A website with data or research about safety recalls would be an example of
insurance utility
product placement
information utility
form utility
19
An intangible item that has monetary value and satisfies your needs and wants is a
good.
want.
service.
self-help book.
20
All seven of the core marketing functions focus on
the consumer
the business
the public
the homefront
21
Age, gender, income level, and behavior are just a few components of a
customer promotional ad
customer profile
customer price scale
customer promise
22
Due to the colors and design of this toy, who might it be PURCHASED for?
baby boys
grandpas
baby girls
teenagers
23
Possession utility is simply the exchange of a
good for service
product for produce
product for product
product for money
24
What is the purpose of a customer profile?
To find out what people want for dinner.
To answer essential questions.
To describe everything about a person w/in a target market.
To find out what type of soap a Mom would buy.
25
The income level of the person who many own this home may be
less than $20,000
$40,000-$60,000
$200,000-$250,000
$30,000
26
Ziploc and Glad are brand names of this generic product
zip top bags
tape
twisty-ties
plastic shopping bags
27
What are goods?
something that as moral value
tangible items that have monetary value
an item that you buy, such as bread
something that has personal value
28
Having a product or service available ONLY at Christmas would be an example of this type of
shopping utility
time utility
product utility
promotion utility
29
Skittles
"eat the rainbow"
"taste the rainbow"
"taste the rain"
"beast mode"
30
The five forms of utility are:
form, place, time, possession, and information.
promotion, value, prosperity, goods, and services.
form, produce, place, price, and promotion.
form, place, time, value, and information.
31
This is what is exchanged for the product
product
promotion
price
place
32
A zipper may be more useful if added to fabric and make into a jacket this represents
information utility
product utility
function utility
form utility
33
Two benefits of marketing are
boring products with price issues
improved products and new designs
improved products and competitive prices
improved products and no fees
34
M&M's are the brand favorite for this generic product
chocolate coated candy pieces
chocolate kisses
chocolate morsels
chocolate drops
35
Provides customers with goods and services they want
channel management
market planning
selling
promotion
36
To inform, persuade, or remind current and potential customers about a product or service
promotion
pricing
selling
channel management
37
The average income of a person who owns this home may be
$20,000
$40,000-$90,000
$300,000+
$150,000-$200,000
38
A percentage of total sales volume generated by all companies that compete in a given market is
market share.
market concepts.
market showing.
market demand.
39
This fluffy white topping commonly known as whipped topping is most widely known
Cool Topping
Pie Topping
Cool stuff
Cool Whip
40
The seven core functions of marketing define _____ aspects of marketing.
SOME
NONE
ALL
PART
41
A target market is a group that is
similar
identified for a specific marketing program
only used to promote a product to
a group of people that have nothing in common