681047
Description
Quiz by patrick.meyer, updated more than 1 year ago
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Created by patrick.meyer
over 10 years ago
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Question 1
Question
Markets are a place that allows buyers and sellers to trade goods/services.
Answer
- True
- False
Question 2
Question
What is Market Share?
Answer
-
Section (share) of the total market belonging to a business or product
-
Splitting the market evenly for each business/product
Question 3
Question
Define the process of Marketing
Answer
-
Finding customers needs and satisfying them profitably
-
Finding customers needs
Question 4
Question
Which of the following activities does marketing involve?
Answer
-
Charging the right price
-
Persuading customers to buy products
-
Understanding the threats from competitors
-
Making products available in convenient locations
-
Designing products that meet customer needs
Question 5
Question
Which of the following activities does marketing involve?
Answer
-
Charging the right price
-
Persuading customers to buy products
-
Understanding the threats from competitors
-
Making products available in convenient locations
-
Designing products that meet customer needs
Question 6
Question
Which of the following activities does marketing involve?
Answer
-
Charging the right price
-
Persuading customers to buy products
-
Understanding the threats from competitors
-
Making products available in convenient locations
-
Designing products that meet customer needs
Question 7
Question
What does product oriented mean?
Answer
-
Businesses that avoid providing services.
-
Business that focus on the quality of their products.
Question 8
Question
Market oriented firms focus on customers and do not make products until they know what the people want.
Answer
- True
- False
Question 9
Question
The 4Ps of marketing mix include:
Answer
-
Profit
-
Public/Private
-
Packaging
-
Price
-
Partnerships
-
Promotion
-
Performance
-
Place
-
Production
-
Product
Question 10
Question
The 4Ps of marketing mix include:
Answer
-
Profit
-
Public/Private
-
Packaging
-
Price
-
Partnerships
-
Promotion
-
Performance
-
Place
-
Production
-
Product
Question 11
Question
The 4Ps of marketing mix include:
Answer
-
Profit
-
Public/Private
-
Packaging
-
Price
-
Partnerships
-
Promotion
-
Performance
-
Place
-
Production
-
Product
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