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Basics of Marketing Flashcards | StudBud
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Basics of Marketing
Basics of Marketing
26 terms
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StudBud Administration
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Overview of basic marketing terms and concepts.
Flashcards
26 cards
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Practice quiz
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Questions
26
Answers
1
Promotion is how you hear about the product.
True
False
2
Place is where a product is sold.
False
True
3
Marketing is the creation and maintenance of satisfying exchange ___
Relationships
Needs
Promotion
Communication
4
The income is the amount of money people can spend after paying for necessities
Net
Gross
Disposable
Discretionary
5
The first step in market research is
Discover and define the problem.
Analyze current conditions.
Develop the process for data collection.
Collect the data.
6
What are the for marketing p's?
price, promotion, plants, people
people, places, performance, peanut butter
product, place, price, promotion
produce, place peanut butter, performance
7
Product is how much it costs.
False
True
8
Pricing means deciding how much to ________ for goods and services.
Sell
Leave
Give
Charge
9
___________: targeting all marketing decisions on the group of people you want to reach.
Buyers
Target market
People
Sellers
10
Is this a need or a want?
Want
Need
Neither
11
Products should have a USP which means
Undoubtedly Sold Product
Unique Selling Point
USP seal of approval
Unknown Surprise Point
12
Which is not an advantage of Mass Marketing
Larger Audience
More Competition
Lower Costs
Wider Exposure
13
__________ any form of ________ used to inform, persuade , or remind people about your product.
selling, distribution
promoting, words
buying, giving
promoting, communication
14
Marketers of sports and entertainment marketing must assess all the following except
consumer demand
How many goals are scored
the financial valuation of the goods and services they offer
the competition
15
A need is something that is _________; something that you _______ have.
essential, must
stupid, will
not necessary, don't
wanted, can't
16
Services are ____________.
Intangible
Not kissable
None of these
Not hugable
17
What is a group of consumers within a larger market who share one or more characteristics called
Market Segmentation
Discretionary
Relationships
Target
18
Is this a need or a want?
Want
Need
Neither
19
Place is where you are selling.
False
True
20
Marketing is the process of developing, _____________, and distributing goods and ________.
selling, bunnies
making, things
promoting, services
buying, products
21
____________ involves making decisions about where to sell your product & method of transport.
Distributing
Selling
Buying
Promoting
22
__________ takes place every time something is sold in the marketplace.
Exchange
Purchases
Profit
Decisions
23
Goods are _______.
Hugable
Laughable
Kissable
Tangible
24
Advertisers use logos because
Consumers feel more successful wearing them
They show fan loyalty
The value of the merchandise increases in the eye of the buyer
All of the above
25
____________ means providing customers with goods & services that they want to buy.
Giving
Buying
Selling
Distributing
26
Which one is not considered a typical demographic
Hair Color
Socio-Economic Level
Age
Gender