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Basic Marketing Concepts Review 1 Flashcards | StudBud
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Basic Marketing Concepts Review 1
Basic Marketing Concepts Review 1
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Questions
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Answers
1
All marketing decisions are affected by other activities of business but not affected by marketing activities.
True
False
2
Which is NOT a purpose of marketing?
Recognize the need to develop new products or services
Manage the finances of the business
Increase brand awareness
Increase sales of products or services
3
Which of the marketing mix relates to shipping a product?
Promotion
Product
Price
Place
4
Promotion is considered to be one of the Four Ps in an expanded ____ .
None
Marketing Strategy
Marketing Mix
Marketing Plan
5
Which would be considered part of the “product” element of the marketing mix?
Offering a coupon
Improving an exisiting product
Asking for customer feedback
Deciding to offer a product for $25
6
the process of managing the identity and perception of a product or service.
Selling
Product
Service
Branding
7
Which is NOT a marketing function?
Promotion
Ordering
Selling
Marketing information mangement
8
What type of business does the traditional marketing mix often limit?
Service-based
Corporation
Franchise
Nonprofit
9
Research done first-hand is called____
Primary Research
Qualitative Research
Secondary Research
Quantitative Research
10
The activity of promoting and selling a product or service to satisfy a customer’s needs or wants
Selling
Distributing
Marketing
Financing
11
What is most expensive marketing research for a business to engage in
Quantitative
Primary
Surveys
Secondary
12
Mass selling can be part of __________ and involves communication with large numbers of consumers at one time.
Promotion
Product
Price
People
13
What is qualitative research method?
Online survey
Experiments
One-on-One interview
Mass mailing of questionnaires
14
Focus marketing efforts on people who work in large metropolitan areas
Demographics
Geography
Psychographics
Consumer behavior
15
Four tools of the marketing mix used to sell a product or service to meet consumer wants or needs?
Product, price, place, promotion
None
Product, process, price, place
Product, place, promotion, process
16
Published research on the internet to make marketing decisions for a new product business that will be launched.
Surveys
Qualitative
Primary
Secondary
17
Focus marketing efforts on people who love playing baseball, which method of segmentation did they use?
Geography
Psychographics
Consumer behavior
Demographics
18
Process of setting marketing goals, devising a strategy to reach goals to maximize the profits of a product or service.
Market Planning
Promotion
Market Mix
Market Strategy
19
Which is an advantage of mass marketing?
Provides products for spec. age group
Determines best channels of distribution
Creates brand awareness
Drives spending habits
20
Which best describes the product and service management function?
Designing, developing and maintaining products or services
Communicating value of products or services
Gathering data to understand the market
Storing and positioning products or services
21
Past research which has already been performed and often published
Secondary Research
Primary Research
Qualitative Research
Quantitative Research