by
using the wholesale cost of an item as the basis for the priced charged
by
what competitors are charging for the same good
by
how much the consumer is willing to pay for a product or service
5. Multiple Choice
30 seconds
1 pt
Personal contact with the customers is a form of
telemarketing
personal selling
6. Multiple Choice
30 seconds
1 pt
Air freight is most likely to be used for importing which of the following products?
steel pipes
cars
wood pulp
fresh flowers
7. Multiple Choice
30 seconds
1 pt
Offering an incentive to customers in order to increase sales--contests, free samples, coupons etc...
promotional mix
telemarketing
personal selling
sales promotion
8. Multiple Choice
30 seconds
1 pt
All of the following are low cost advertising methods EXCEPT
word of mouth
business cards
flyers
tv commercials
9. Multiple Choice
30 seconds
1 pt
How the consumer gets the product
Place
Price
Promotion
Sales strategy
10. Multiple Choice
30 seconds
1 pt
What are certificates that entitle customers to cash discounts on goods or services?
take-aways
traffic builders
premiums
coupon
11. Multiple Choice
30 seconds
1 pt
When you see an advertisement for a store and decide to shop there, which element of the marketing mix has succeeded?
presentation
product
place
promotion
12. Multiple Choice
2 minutes
1 pt
What does target market mean?
the market that your product is in
the consumers you want to buy your product
those consumers who haven't bought your product
the markets overseas
13. Multiple Choice
2 minutes
1 pt
Which part of the four P's of marketing effects the location and transportation of the product
Place
Planning
Pricing
Promotion
14. Multiple Choice
30 seconds
1 pt
Delta Motorworks markets its cars based on the age, gender, and income of its customers. Which of the following types of market segmentation is evident here?
Geographic segmentation
Benefit segmentation
Occasion segmentation
Demographic segmentation
15. Multiple Choice
30 seconds
1 pt
"Many companies today are localizing their products, advertising, promotion, and sales efforts to fit the needs of individual regions, cities, and neighborhoods." This is an example of ________.
Geographic segmentation
Product diversification
Branding
Psychographic segmentation
16. Multiple Choice
30 seconds
1 pt
________ involves dividing a market into smaller segments of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes.
Mass customization
Market targeting
Market segmentation
Differentiation
17. Multiple Choice
30 seconds
1 pt
Which word best describes PLACE in the marketing mix?
shelf height
shopping mall
distribution channel
Auckland city
18. Multiple Choice
30 seconds
1 pt
Why is customer satisfaction important to a business?
customers will become repeat buyers
customers will be happy
customers are stakeholders
customers are never satisfied
19. Multiple Choice
30 seconds
1 pt
Product, price, place, and promotion make up the _____________________.
Marketing Concept
Marketing Mix
Marketing Oriented
Marketing Behavior
20. Multiple Choice
1 minute
1 pt
Which of the following best describes a target market?
Close competitors of a business
The people who buy a business's products
Groups that do not buy a business's products
The individuals at whom a business's marketing strategies are aimed