Q. If the company’s sales are slow down, and profits level off or decline. At which stage the company has reached? Introduction Decline Growth Maturity Answer: Decline
Q. According to the Marketing and Sales Standards Setting Body (MSSSB), which of the following is not a marketing function? Promote marketing intelligence. Develop sales tactics. Develop the customer proposition. Work with other business functions and third parties. Answer: Develop sales tactics.
Q. ______ are products bought by individuals and organizations for further processing or for use in conducting a business. Consumer products Speciality products Industrial products Personal Products Answer: Industrial products
Q. When customer expectations regarding product quality, service quality, and value-based price are met or exceeded, _____ is created. customer satisfaction planning excellence a quality rift a value line Answer: customer satisfaction
Q. The ____ concept holds that consumers will favour products that offer the most in quality, performance and innovative features. Marketing Production Product Selling Answer: Product
Q. ______is a cluster of complementary products and services that are closely related in the minds of consumers but spread across a diverse set of industries. Marketspace Marketplace Metamarket Marketpace Answer: Metamarket
Q. Transporting and storing goods is part of which of the following marketing channel functions? Inventory Channel Direct Marketing Channel Physical Distribution Channel Warehousing Channel Answer: Physical Distribution Channel
Q. If the focus is on social and ethical concerns in marketing’ is characteristic of the _________ period. Production Sales Marketing Societal marketing Answer: Societal marketing
Q. Which one of the following is a key to build lasting relationships with consumers? Price of the product Need recognition Customer satisfaction Quality of product Answer: Customer satisfaction
Which one of the following is a key to build lasting relationships with consumers? Read More »
Q. The key customer markets consist of ____________ Government Markets Business Markets Consumer Markets All of the above Answer: All of the above
