stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Essentials of Marketing - SBAA1405 - Unit 1 Flashcards | StudBud
Explore
/
Essentials of Marketing - SBAA1405 - Unit 1
Essentials of Marketing - SBAA1405 - Unit 1
30 terms
·
StudBud Administration
·
72 plays
Imported from external platform
Flashcards
30 cards
F
Practice quiz
P
Host live
L
Questions
30
Answers
1
Which one of the following is NOT one of the four philosophies of marketing?
sales orientation
production orientation
societal marketing orientation
promotion orientation
2
Marketing is a process which aims at ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
Profit-making
Production
Satisfaction of customers
Selling Products
3
Which of the following is the most recent stage of marketing evolution?
production era
marketing department era
sales era
marketing company era
4
Adding new features to a product is advocated by which of the approaches?
Product approach
production approach
selling approach
marketing approach
5
Buying and selling of mass consumer goods and services comes under which of the following markets?
Government markets
Consumer markets
Global markets
Business markets
6
Aggressive selling is a characteristics of which of the following concept of marketing?
Production concept
Selling concept
Marketing concept
Product concept
7
Which of the statement is not true for selling?
Involves fragmented approach to sell
Aims at maximizing sales
Focuses on the need of seller
Selling is limited to exchange of goods and services
8
_____ is the father of modern marketing
Henry Fayol
Philip Kotler
Adam Smith
Peter Drucker
9
Which of the following firms emphasizes on products benefits to the customers rather product attributes
sales oriented
market oriented
production oriented
product oriented
10
What is the basic property of a service which makes it different from a product?
very expensive
shape
size
intangibility
11
Which of the following is considered a "key player in the marketing industry?
marketer
suppliers or vendors
all the options given
distributors or retailers
12
______ provides fast and accurate marketing information
Marketing Information System
None of the options given
Maintenance Information System
Management Information System
13
Which one of the following BEST describes the human need?
Burger
Food
French-fries
Pizza
14
In the history of marketing, when did the production period end?
In the 1920s
After the end of the second world war
In the early 1900s
In the late 1800s
15
___concept is based on those companies believe that quality of goods or services standard can easily attract customers.
Product concept
Marketing concept
Production concept
Selling concept
16
Which one of the following phrases reflects the marketing concept
This is what I want, won’t you please make it
The supplier is a king in the market
Marketing should be viewed as hunting not gardening
This is what I make, won’t you please buy it
17
Act of trading a desired product or service to receive the value in return is known as which key concept in marketing?
Exchange
Customer
Production
Product
18
Market-oriented firms focus on
Distributors
Customers
Retailers
Wholesalers
19
Which function gives “time utility”?
Transportation
Risk bearing
Financing
Warehousing
20
Which of the following is the feature of the marketing?
Needs and wants
Customer value
Creating a market offering
all the options given
21
Marketing is ______
Art
None of the options given
Science
Art and Science
22
Marketing is a process which aims at _______.
Producing
Selling products
Satisfying customers
Maximizing profits
23
Which of the following is not included as a basic idea in the definition of marketing concepts?
Profit-making
Total company effort
productivity
customer satisfaction
24
The task of any business is to deliver ______ at a profit
products
customer needs
customer value
products and services
25
“Many people want a BMW but only a few are able to buy”, is an example
Demand
Need
Status
Want
26
The standardised grade name for agricultural product is _________
Agmark
BIS
ISI
Aavin
27
Which function helps in place utility ?
Transportation
Selling
Financing
Risk bearing
28
If the focus is on social and ethical concerns in marketing’ is characteristic of the _________ period.
Production
societal marketing
sales
marketing
29
Marketing refers to the -----------
sale of product
all the options given
goods and services are exchanged
goods distribution
30
______ refers to collecting goods of the same type from various sources of supply
Assembling
Buying
Financing
Selling