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Edexcel marketing a level business Flashcards | StudBud
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Edexcel marketing a level business
Edexcel marketing a level business
27 terms
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1
market size = 600, sales of Bob's tiles = 30
Bob's market share is 5 %
Bob's market share is 20 %
Bob's market share is 10 %
Bob's market share is 30 %
2
What is B2B marketing ?
business to Belgium
business to consumer
business to business
business to brexit
3
A low price strategy to gain a foothold in the market
cost-plus
skimming
penetration
predator
4
If PED = -0.2 then demand is
price elastic
price inelastic
5
On the product life cycle the launch stage follows
decline
scientific research and development
maturity
growth
6
feature of B2B marketing
customer wants technical info on product
purchase decision on brand image alone
7
Films, or music streamed, more online sales
social trends affecting promotion
social trends affecting price
social trends affecting product
social trends affecting place (distribution)
8
What is e-commerce ?
phone sales
shop sales
selling online
postal sales
9
Distribution refers to
price
place
promotion
product
10
price elasticity results are
always a %
always negative
can be either positive or negative
always positive
11
a marketing tactic is
short term
long term
12
large scale survey (closed questions) would be used in
qualitative market research
quantitative market research
13
What does USP stand for ?
unique starting position
unique stand point
unique selling point
underwater scuba pipe
14
% change in price is 10%, % change in quantity is -20% so PED =
-10
-20
- 2
- 0.5
15
cold calling, direct mail, trade shows
inbound marketing strategies
outbound marketing strategies
16
the product is your starting point
market-orientated
product-orientated
17
A strong brand makes demand
more price elastic
less price elastic
18
A question mark in the Boston Matrix can be called a
dog
star
cash cow
problem child
19
Eco-friendly, recyclable, ethical sourcing
social trends affecting product
social trends affecting price
20
consumer durables are
only used once
used more than once
21
Extension strategies are launched to extend
maturity stage
growth stage
launch stage
decline stage
22
A product with low market growth and high market share
problem child
star
dog
cash cow
23
product design mix : aesthetics, function and
cost of manufacture
price
place
promotion
24
Which intermediary 'breaks bulk'
small retailer
wholesaler
25
a dairy farm could add value by
selling milk
selling ice cream
26
factors affecting supply
production costs, new technology
incomes, substitutes
27
promotions using the mass media
above-the-line
below-the-line