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Total Questions : 485 | Page 45 of 49 pages
Question 441. Which of the following is NOT one of the four philosophies of marketing?
  1.    Production orientation
  2.    Societal marketing orientation
  3.    Sales orientation
  4.    Promotion orientation
 Discuss Question
Answer: Option D. -> Promotion orientation
Promotion orientation is NOT one of the four philosophies of marketing. Four competing philosophies strongly influence an organization's marketing activities. These philosophies are commonly referred to as production, sales, marketing, and societal orientations.
Question 442. Which product is MOST likely to be purchased through routine decision making?
  1.    Television set
  2.    Soft drink
  3.    Shirt
  4.    Car
 Discuss Question
Answer: Option B. -> Soft drink
Soft drink product is MOST likely to be purchased through routine decision making. People usually make hundreds of decisions everyday. Rather than thinking a lot for each, people instead rely on routines. These are decisions which need an introduction and identification then it becomes your regular activity.
Question 443. Which of the following firms emphasizes on product’s benefits to the customers rather product attributes?
  1.    Product oriented
  2.    Market oriented
  3.    Sales oriented
  4.    Production oriented
 Discuss Question
Answer: Option B. -> Market oriented
Market oriented firms emphasizes on product’s benefits to the customers rather product attributes. Market orientation often includes improvements in customer service and product support geared to solving concerns raised by consumers. This helps ensure customer satisfaction remains high with the company as a whole and promotes brand loyalty and positive word-of-mouth advertising.
Question 444. Of the four competing philosophies, the Furniture Industry is an example of what kind of orientation:
  1.    Sales Orientation
  2.    Societal Marketing Orientation
  3.    Marketing Orientation
  4.    Production Orientation
 Discuss Question
Answer: Option D. -> Production Orientation
Of the four competing philosophies, the Furniture Industry is an example of Production Orientation. Production Orientation is the general approach of any business that is primarily concerned with manufacturing and production processes. In a product oriented approach, business focuses and develops products based on what it is good at making or doing, rather than what the customer wants.
Question 445. Products that are usually purchased due to adversity and high promotional back up rather than desire are called:
  1.    Sought goods
  2.    Unique goods
  3.    Unsought goods
  4.    Preferred goods
 Discuss Question
Answer: Option C. -> Unsought goods
Products that are usually purchased due to adversity and high promotional back up rather than desire are called Unsought goods. Unsought products typically are products that the consumers are not aware and don't have any knowledge about it. It is difficult to sell because it has no demand.
Question 446. Luxury products, such as Rolex watches, are also known as:
  1.    Shopping product
  2.    Convenience product
  3.    Emergency product
  4.    Specialty product
 Discuss Question
Answer: Option A. -> Shopping product
Luxury products, such as Rolex watches, are also known as Shopping product. Shopping products refer to items that the consumers purchase less frequently and compare with available alternatives in the market. Consumers need time, planning and efforts to take the final decision whether to buy the product or not.
Question 447. Which of the following is NOT included in the marketing management process used by the marketing manager to achieve its objectives?
  1.    Planning marketing activities
  2.    Raising funds to finance the marketing projects
  3.    Controlling marketing plans
  4.    Directing implementation of the marketing plans
 Discuss Question
Answer: Option B. -> Raising funds to finance the marketing projects
Raising funds to finance the marketing projects is NOT included in the marketing management process used by the marketing manager to achieve its objectives. The basic purpose of marketing management is to achieve the objectives of the business. A business aims at earning reasonable profits by satisfying the needs of customers.
Question 448. Which of the following is NOT consistent with a manager having a marketing orientation?
  1.    Inventory levels are set with customer requirements and costs in mind
  2.    Customer relationship focuses on customer satisfaction before and after sale, leading to a profitable long-run relationship
  3.    Focus of advertising is on product features and how products are made
  4.    Packaging is designed for customer convenience and as a selling tool
 Discuss Question
Answer: Option C. -> Focus of advertising is on product features and how products are made
Focus of advertising is on product features and how products are made is NOT consistent with a manager having a marketing orientation. Market orientation is an approach to business that prioritizes identifying the needs and desires of consumers and creating products that satisfy them.
Question 449. Which of the following is NOT included as a basic idea in the definition of marketing concepts?
  1.    Total company effort
  2.    Profit
  3.    Productivity
  4.    Customer satisfaction
 Discuss Question
Answer: Option C. -> Productivity
Productivity is NOT included as a basic idea in the definition of marketing concepts. The marketing concept is the belief that companies must assess the needs of their consumers first and foremost. Based on those needs, companies can make decisions in order to satisfy their consumers' needs, better than their competition.
Question 450. Which of the following is the most recent stage of marketing evolution?
  1.    Marketing department era
  2.    Production era
  3.    Sales era
  4.    Marketing company era
 Discuss Question
Answer: Option D. -> Marketing company era
Marketing company era is the most recent stage of marketing evolution. Marketing has taken the modern shape after going through various stages since last the end of 19th century.

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