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Business Unit 2 Topic 2 Review Flashcards | StudBud
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Business Unit 2 Topic 2 Review
Business Unit 2 Topic 2 Review
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Questions
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Answers
1
Which of the following firms emphasises on product’s benefits to the customers rather product attributes?
Production oriented
Market oriented
Sales oriented
Product oriented
2
Which of the following is NOT a socio-cultural influence on consumer behaviour?
social class
culture
learning
reference groups
3
Contests, samples, and coupons are all examples of
sales promotion
personal selling
novelty items
premiums
4
Which one of the following factor relates to family that influences consumer behaviour?
psychological
socio-cultural
personal
business
5
Choose the correct answer.
stakeholders
shareholders
regulators
owners
6
The controllable variables a company puts together to satisfy a target group is called the . . .
Marketing mix
Marketing strategy
Strategic planning
Marketing concept
7
choose the correct answer
value based pricing
price skimming
penetration pricing
leader pricing
8
Which of the following is an element of an organisation's internal environment?
competitors
retailers
wholesalers
employees
9
Free samples, point-of-sale displays, loyalty reward programs, pricing deals, games and competitions are all examples of
outdoor advertising.
sales promotion.
a promotions mix.
publicity and public relations.
10
The most basic level of a product is called the:
core product
central product
augmented product
fundamental product
11
What is the basic property of a service which makes it different from a product.
intangibility
size
shape
very expensive
12
Which of the following is the most recent stage of marketing evolution?
Marketing department era
Social/mobile era
Production era
Sales era
13
The marketing mix is made up of:
positioning, people, place and promotion.
product, positioning, promotion and price.
product, price, place and promotion
people, product, promotion and price.
14
What is Johnny Depp afraid of?
flying
clowns
dying
dogs
15
Choose the correct answer.
identified its promotional strategies.
a strong slogan to use in its advertising.
a clearly developed unique selling proposition.
a clear marketing plan for growing the business.
16
Choose the correct market segmentation.
Psychographic
Demographic
Geographic
Behavioural
17
Which of the following is NOT generally recognised as an element of the marketing mix?
product
place
promotion
profitability
18
Which factor is NOT included in the 'total product concept'.
intangible attributes
tangible attributes
price
service offerings
19
The average person does what 13 times a day?
laughs
coughs
sneezes
trips over
20
Coprastastaphobia is the fear of what?
cobras
constipation
cops
elephants
21
The current era in the evolution of marketing is?
product orientation
relationship marketing
sales orientation
social/mobile marketing
22
When a business focuses on a select group of customers using concentrated segmentation, this is known as a:
niche market.
consumer market.
target market.
market segment.
23
Which of the following is
least
likely to be associated with a firm's
macro
-environment?
A new staff incentive scheme
Study of the changing birth rate
Analysis of household savings ratios
Cultural convergence
24
Choose the correct answer.
Market skimming
Penetration pricing
Psychological pricing
Competition-based pricing
25
Newsletters, catalogues, and invitations to events are most closely associated with the marketing mix activity of?
price
place
product
promotion
26
Which of the following is NOT one of the four philosophies of marketing?
societal marketing orientation
sales orientation
production orientation
promotion orientation
27
Which of the following is NOT part of an organisation's operating (external) environment?
government legislation
suppliers
customers
competitors
28
Which of the following is NOT a recognised basis for segmenting markets?
demographic
psychographic
socio-economic
competitive position