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Ch. 10 Entrepreneurship: The Marketing Plan Flashcards | StudBud
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Ch. 10 Entrepreneurship: The Marketing Plan
Ch. 10 Entrepreneurship: The Marketing Plan
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Questions
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Answers
1
The name, symbol, or design used to identify a product is the
model
brand
package
label
2
A/An ______________ is an assurance of the quality of a product.
warranty
insurance
policy
guarantee
3
___________ is important to your place strategy.
Positioning
Location
Advertising
Transportation
4
____________refers to how consumers see your product compared to the competition's product.
market research
product positioning
product features
product strategy
5
The term used to refer to how consumers see products in relation to each other.
product mix
product positioning
product selection
product features
6
If the demand for your business goes down, you may need ________.
additional staff
a new location
unions
fewer employees
7
A product placed in all suitable sales outlets is using which of the following forms of distribution?
all of the above
intensive distribution
selective distribution
exclusive distribution
8
A ______________ brand is a brand owned and initiated by a wholesaler or retailer.
private
product
package
public
9
The part of the product's package used to present information is the
symbol
product mix.
label
brand
10
One reason to eliminate a product in a line is poor ____________________.
sales
guarantees
transportation
promotion
11
All of the following are parts of the marketing mix except
Price
Packaging
People
Place
12
A __________ is a plan used by a business to guide its marketing process to a desired conclusion.
marketing concept
marketing mix
market expansion
marketing plan
13
______________ is the action plan to carry out the marketing plan.
product positioning
marketing tactics
promotion strategy
marketing mix
14
Which refers to the activities that need to be taken to carry out the marketing plan?
selective distribution
product positioning
market tactics
diversification
15
One way to improve your channel of distribution is _____________
add warehousing
move your location
expand parking
use fewer intermediaries
16
How you plan to deliver your goods and services to customers is called the ________ strategy.
place
shipping
product
positioning
17
This strategy involves how you will deliver your goods and services to your customers.
project strategy
place strategy
price strategy
product strategy
18
Many businesses add ____________________, an assurance of the quality of a product.
guarantees
fun
deals
benefits
19
The path a product takes from product to final user is called a/an ________.
marketing history
positioning
channel of distribution
intermediary
20
A/An __________ is a person or business that moves products between producers and final users.
intermediary
industry
direct channel
manufacturer
21
In order to map out how you are going to accomplish your marketing initiatives, you need to develop your
marketing concept
market segment
marketing mix
corporate image
22
____________________ move products between producers and final users
Marketing Mix
Intermediaries
Promotion
Sales
23
Placing a product in only one outlet per area is called __________ distribution.
competitive
selective
exclusive
intensive
24
A document that explains five strategies – product, place, price, promotion, and people.
sales plan
business plan
product plan
marketing plan
25
Which of the following describes the channel that moves a product from producer to customer with no one in between?
indirect channel
distribution channel
direct channel
market channel
26
What a business wants to accomplish through its marketing efforts is called its
target market
market research
marketing objective
marketing concept
27
Which of the following describes the channel that moves a product from producer to customer through an intermediary?
market channel
distribution channel
indirect channel
direct channel