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Marketing Concepts Review Flashcards | StudBud
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Marketing Concepts Review
Marketing Concepts Review
42 terms
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StudBud Administration
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Introductory marketing #marketing #businesseducation
Flashcards
42 cards
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Questions
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Answers
1
This tasty snack is most often purchased by
teens
grandparents
moms and dads
healthy yogis
2
The seven core functions of marketing define _____ aspects of marketing.
NONE
ALL
PART
SOME
3
Deciding how to get goods directly into the customers hands
channel management
market planning
selling
marketing information
4
Choosing what to make or sell is this part of the marketing mix
promotion
price
place
product
5
A zipper may be more useful if added to fabric and make into a jacket this represents
function utility
information utility
product utility
form utility
6
M&M's melt in your mouth
not in your car
not in your pocket
not in your cereal
not in your hand
7
Classifying customers by characteristics is called
market sizing
market profile
market sectioning
market segmentation
8
The average income of a person who owns this home may be
$20,000
$150,000-$200,000
$40,000-$90,000
$300,000+
9
Due to the colors and design of this toy, who might it be PURCHASED for?
baby boys
baby girls
grandpas
teenagers
10
The means of getting a product into a consumers hands is this part of the marketing mix
price
place
product
promotion
11
A website with data or research about safety recalls would be an example of
insurance utility
form utility
product placement
information utility
12
What type of person may order this cake
loving, grandma who wants to spoil her grandchild
all three
single dad
soccer mom
13
Having a product or service available ONLY at Christmas would be an example of this type of
promotion utility
shopping utility
product utility
time utility
14
All businesses that buy products for use in their operations are part of the
consumer market
organizational market
optional market
customer market
15
All seven of the core marketing functions focus on
the business
the homefront
the consumer
the public
16
M&M's are the brand favorite for this generic product
chocolate drops
chocolate coated candy pieces
chocolate morsels
chocolate kisses
17
Age, gender, income level, and behavior are just a few components of a
customer promotional ad
customer profile
customer promise
customer price scale
18
This fluffy white topping commonly known as whipped topping is most widely known
Cool Whip
Cool Topping
Pie Topping
Cool stuff
19
The attitude of the person who may own this car may be
afraid, timid, shy
daring, out-going, risky
sly, loud, quiet
reserved, kind, caring
20
The five forms of utility are:
form, place, time, possession, and information.
promotion, value, prosperity, goods, and services.
form, place, time, value, and information.
form, produce, place, price, and promotion.
21
A target market is a group that is
similar
only used to promote a product to
a group of people that have nothing in common
identified for a specific marketing program
22
Ziploc and Glad are brand names of this generic product
plastic shopping bags
zip lock bags
tape
twisty-ties
23
The idea that a business should strive to satisfy consumers is the
marketing goal
marketing concept
marketing target
marketing mix
24
TV ads, newspapers, internet ads, and coupons are all examples of
purpose.
promotion.
profit.
product placement.
25
The impact of marketing impacts the economy and
people who live in it.
people with jobs.
families at home and abroad.
standard of living in countries around the world.
26
An intangible item that has monetary value and satisfies your needs and wants is a
self-help book.
service.
good.
want.
27
This refers to activities related to advertising, personal selling, sales promotion & publicity
promotion
pricing
place
products
28
A percentage of total sales volume generated by all companies that compete in a given market is
market showing
market share
market concepts
market demand
29
Possession utility is simply the exchange of a
good for service
product for produce
product for product
product for money
30
What are goods?
something that as moral value
something that has personal value
tangible items that have monetary value
an item that you buy, such as bread
31
This is what is exchanged for the product
promotion
product
place
price
32
Skittles
"beast mode"
"taste the rain"
"taste the rainbow"
"eat the rainbow"
33
The market that consists of those who purchase goods and services for personal use is known as
a consumer market
an organizational market
an optional market
a known market
34
Marketing is an activity and process involving many parts that provide
value for customers, clients, partners & society at large
reasons to make people purchase items
selling and motivation for consumers
goods and services to help businesses only
35
To inform, persuade, or remind current and potential customers about a product or service
selling
channel management
pricing
promotion
36
Two benefits of marketing are
improved products and competitive prices
boring products with price issues
improved products and no fees
improved products and new designs
37
Product, place, price and promotion make up the
marketing game
marketing mix
marketing target
marketing media
38
Provides customers with goods and services they want
channel management
promotion
selling
market planning
39
What is the purpose of a customer profile?
To describe everything about a person w/in a target market.
To find out what people want for dinner
To find out what type of soap a Mom would buy.
To answer essential questions.
40
Attributes of goods and services that make them capable of satisfying wants and needs are known
as a feature
as utility
as cool functions
as goods
41
The income level of the person who may own this home may be
$30,000
$40,000-$60,000
$200,000-$250,000
less than $20,000
42
Kleenex and Puffs are brand names for this generic product
toilet paper
tissues
sandwich baggies
paper plates