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Unit 1 Marketing Review Flashcards | StudBud
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Unit 1 Marketing Review
Unit 1 Marketing Review
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Marketing Review #grade11marketing
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
All services are?
Intangible
Wants
Needs
Tagible
2
Shoes are a?
Need
Both
Want
Trick Question
3
Which is NOT tangible?
Computer
Massage
Candy Bar
IPhone 5c
4
A Refrigerator is a product in the ________Stage
Decline
Introduction
Development
Maturity
5
Which type of ownership is the hardest to start up?
Corporation
Partnership
Sole Propretorship
Non-Profit
6
A Brand is considered a?
Type of product
Logo / Design
All of the above
Occupation
7
I will be asked to make a Supply / Demand / Equilibrium graph on the test?
No!
I don't know?!
Possibly?
Yes!
8
A company charity drive is an example of?
Publicity
Public Relations
Personal Selling
Advertizing
9
The most amount of profit is made during this stage of a products life cycle!
Maturity
Development
Decline
Introduction
10
_________ makes a logo more effective
Cursive Font
Contrasting Colors
No color
LOTS OF COLOR!!!
11
Which is considered a Specialty good?
Wood
Toilet Paper
Refrigerator
Antique
12
When Supply decreases Demand will?
Rise
Stay the same
Decrease
Fall
13
When Creating a supply and demand curve how do you label each axis?
X=Price Y= number of sellers
X=Quantity Y= number of buyers
X=Quantity Y=Price
X= number of buyers Y=number of sellers
14
Data you collect about a product through a survey is called?
Tertiary Research
Secondary Research
3rd Party Research
Primary Research
15
Which is not a function of Packaging
Product Identification
Protection
Silent Salesperson
Hide Contents
16
Target Market Refers to?
when you want to sell
Who you want to sell to
what you want to sell
where you want to sell
17
Market Equilibrium is when the demand curve?
Meets the Supply Curve
Is at its highest value
Is at its lowest value
When there is a steady supply
18
An advantage of Sole Proprietorship is?
Partial Liability
Unlimited Liability
Limited Liability
Stocks
19
Is an example of a shopping good
Steel Beams
Wedding Ring
Tablet
Magazine
20
Stock is a type of ownership used by?
Partnerships
Corporations
Non-Profit
Sole Proprietorships