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Repton IGCSE EdExcel Marketing Revision Flashcards | StudBud
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Repton IGCSE EdExcel Marketing Revision
Repton IGCSE EdExcel Marketing Revision
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Quick revision of marketing key terms and concepts
Flashcards
21 cards
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Practice quiz
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Questions
21
Answers
1
Classifying groups on basis of esteem and prestige from economic success
Social class
Niche Markets
Job titles
Market research
2
A business has a 35% share in the market worth $38,000,000. What is the market share?
$1,320,000,000
$38,000,000
$13,300,000
$35,000,000
3
C1 and D are which social classes?
Middle class and Skilled working class
Lower middle class and The poor
Lower Middle class and Working class
Skilled working class and Upper middle
4
To recognise the difference between things:
Differentiate
Skimming
Compare
Contast
5
Very small outlets selling a limited range of goods; found at malls, airports, bus stations
Market Traders
kiosks and street vendors
Online retailers
Supermarkets
6
Products sold below cost to draw customers
penny pinching
cost leaders
loss leader
psychological pricing
7
Markets can be segmented by
Geosocial, Physiographic, location
In alphabetical order
Location(geographical),Demographic, Lifestyle(Psychographic)
East Coast, West Coast, Crips, Bloods
8
What are the stages of the product life cycle
Research, Boom, Static, recession
Stage A, Level 2, Floor 3, Cell block 4
Development, Introduction, Growth, Maturity, Decline
9
Marketing involves all of the following EXCEPT:
identifying the needs and wants of consumers
Calculating cash flow forecasts
telling customers about products
charging the right price
10
Which is an element of the marketing mix
Price
Money
Cash
Profit
11
Collecting data that already exists is an example of:
Quantitative data
Secondary Research
Primary Research
Desk research
12
very large markets in which products with mass appeal are marketed
niche market
market share
mass market
market analysis
13
Which of the following is a method for a rival company to attract your customers?
lowering prices
All of the above
offering extras such as quality service
making their products appear different
14
Which of the following is an example of quantitative data?
the product is packaged well
None of the above
our market share is 14 %
I would buy the product if it was available online
15
The pricing strategy that involves setting a very high price initially (at launch)
Pricey Skimming or Creaming
Cost-plus pricing
Penetration pricing
Promotional pricing
16
Competition, Taxes, Costs, and Consumer perceptions are factors that affect which P?
Product
Place
Price
Promotion
17
act of buying and USING products
Expenditure
Consumption
Jargon
Durability
18
Which of the following is the shortest distribution channel?
Producer-retailer-consumer
Agent-retailer
producer-wholesaler-retailer-consumer
Producer-consumer
19
Person who helps arrange agreements or business deals between other people or organisations
cashier
wholesaler
drug dealer
intermediary
20
All of the following are reasons for changes in customer's needs EXCEPT
Consumers' income change so they choose different products
Consumers become more educated and more sophisticated
Lebron James' haircut
Fashions change over time
21
High market share and low growth is what on the Boston Matrix?
Dog
Cash Cow