Sail E0 Webinar

MCQs

Total Questions : 485 | Page 42 of 49 pages
Question 411. In relationship marketing firms focus on __________ relationships with __________.
  1.    Short-term; customers and suppliers
  2.    Long-term; customers and suppliers
  3.    Short-term; customers
  4.    Long-term; customers
 Discuss Question
Answer: Option B. -> Long-term; customers and suppliers
In relationship marketing firms focus on Long-term relationships with customers. Relationship marketing is about forming long-term relationships with customers.
Question 412. If the aim of the promotion to introduce a new consumer product is to achieve high awareness levels, the firm will most likely make heavy use of _______ in the promotional mix.
  1.    Advertising
  2.    Sales promotion
  3.    Personal selling
  4.    Publicity
 Discuss Question
Answer: Option A. -> Advertising
If the aim of the promotion to introduce a new consumer product is to achieve high awareness levels, the firm will most likely make heavy use of advertising in the promotional mix. The promotional mix is one of the 4 Ps of the marketing mix. It consists of public relations, advertising, sales promotion and personal selling.
Question 413. A marketing philosophy summarized by the phrase 'a stronger focus on social and ethical concerns in marketing' is characteristic of the _________ period.
  1.    Production
  2.    Sales
  3.    Marketing
  4.    Societal marketing
 Discuss Question
Answer: Option D. -> Societal marketing
A marketing philosophy summarized by the phrase 'a stronger focus on social and ethical concerns in marketing' is characteristic of the Societal marketing period. Societal Marketing emphasizes on social responsibilities and suggests that to sustain long-term success, the company should develop a marketing strategy to provide value to the customer's to maintain and improve both the customers and society's well being better than the competitors.
Question 414. A consumer contest is an example of _________.
  1.    Personal selling
  2.    Sales promotion
  3.    Advertising
  4.    Indirect selling
 Discuss Question
Answer: Option B. -> Sales promotion
A consumer contest is an example of Sales promotion. Sales promotion is the process of persuading a potential customer to buy the product.
Question 415. The basic role of promotion is _________.
  1.    Information
  2.    Manipulation
  3.    Communication
  4.    Interpretation
 Discuss Question
Answer: Option C. -> Communication
The basic role of promotion is Communication. Promotion is all about communication because promotion is the way in a business makes its products known to the customers, both current and potential. The main aim of promotion is to ensure that customers are aware of the existence and positioning of products.
Question 416. Need becomes ________ when they are directed towards a specific object.
  1.    Actual need
  2.    Want
  3.    Satisfaction
  4.    Demand
 Discuss Question
Answer: Option B. -> Want
Need becomes want when they are directed towards a specific object. Human wants are desires for specific satisfaction of deeper needs that means the needs become wants when they are directed to specific object that might satisfy the need.
Question 417. Products that are relatively inexpensive and are purchased frequently with minimal effort can be classified as ___________ products.
  1.    Shopping
  2.    Convenience
  3.    Industrial
  4.    Specialty
  5.    Unsought
 Discuss Question
Answer: Option B. -> Convenience
Products that are relatively inexpensive and are purchased frequently with minimal effort can be classified as Convenience products. Convenience products refer to those types of consumer products and services that consumers buy more frequently with minimum buying efforts and comparisons.
Question 418. The skimming, penetration, bargaining and bundling are decided in the ____________ of the Marketing Mix strategy.
  1.    Price Decisions
  2.    Place Decisions
  3.    Product Decisions
  4.    Promotion Decisions
 Discuss Question
Answer: Option A. -> Price Decisions
The skimming, penetration, bargaining and bundling are decided in the price decisions of the Marketing Mix strategy. Pricing decisions are basically decided on the basis of Cost of the product.
Question 419. A(n) _________ product exceeds customer expectations.
  1.    Strategic
  2.    Superior
  3.    Augmented
  4.    Anticipated
 Discuss Question
Answer: Option C. -> Augmented
An augmented product exceeds customer expectations. The AUGMENTED product is the non-physical part of the product. It usually consists of lots of added value, for which you may or may not pay a premium.
Question 420. The _____ identifies the product or brand.
  1.    Container
  2.    Label
  3.    Advertisement
  4.    Warranty
 Discuss Question
Answer: Option B. -> Label
The Label identifies the product or brand. The brand name is the central focus on the label for identifying a product. Nevertheless, such elements as the logos, brand marks, color schemes, designs, and graphics may also serve to identify a specific brand.

Latest Videos

Latest Test Papers