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Entrepreneurship / Management: Marketing Mix Flashcards | StudBud
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Entrepreneurship / Management: Marketing Mix
Entrepreneurship / Management: Marketing Mix
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Introduction to Marketing Mix
Flashcards
12 cards
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Practice quiz
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Host live
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Questions
12
Answers
1
What factors should be considered when deciding how to price your product?
Competition, Cost, Distribution
Competition, Cost, Demand
Demand, Cost, Inflation
Competition, Cost, Inflation
2
Dunkin’ Donuts has a kiosk inside Kroger, offering its full line of branded products.
Product
Promotion
Price
Place
3
The activity of selling a product or service specifically designed through seven unique steps.
Promotion
Advertising
Distribution
Selling
4
The advancement of a product, idea, or point of view through publicity and/or advertising.
Promotion
Product
Place
Price
5
Which of the 4-Ps includes the distribution function?
Place
Price
Promotion
Product
6
Competitive advantage using advertising to endorse a specific company, brand, or product.
Financing
Selling
Promotion
Product Service Management
7
Which of the following pricing strategies focuses on the sales price of a product?
Competitive Pricing
Odd Cents Pricing
Non-Competitive Pricing
Bundling
8
An ideal product mix provides the following assortment of products EXCEPT:
Width
Length
Circumference
Depth
9
A written guarantee promising product repair/replacement within a specified period of time.
Breech
Guarantee
Oral Agreement
Warranty
10
Advertising technique used to subtly promote products through non-verbal appearances on screen
Marketing Mix
Product Mix
Promotional Mix
Product Placement
11
Assurance that certain conditions will be fulfilled when referring to the QUALITY of a product?
Guarantee
Breach
Oral Agreement
Warranty
12
Which pricing strategy focuses on the quality or brand loyalty of a product?
Odd Cents Pricing
Non-Competitive Pricing
Competitive Pricing
Bundling