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Marketing Mix

Quiz by Arielle Levine

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25 questions
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  • Q1
    A good, service, or idea that is created for the purpose of satisfying a need or want.
    Product
    30s
  • Q2
    Basic requirement for survival
    Need
    30s
  • Q3
    the desire for products or services that are not necessary, but which consumer's wish for
    Want
    30s
  • Q4
    A tangible product used to satisfy human wants
    Good
    30s
  • Q5
    Performing a service for the consumer either because they do not want to do it or cannot do it
    Service
    30s
  • Q6
    An attempt to communicate a brand, product, or concept to the general public by creating a strong message
    Idea
    30s
  • Q7
    What the customer is charged
    Price
    30s
  • Q8
    What the customer gives up in order to get what they want
    Value
    30s
  • Q9
    The cost of manufacturing a product
    Production Cost
    30s
  • Q10
    What the customer pays for the product
    Selling Price
    30s
  • Q11
    The difference between the production cost and the selling price
    Profit
    30s
  • Q12
    the markup amount added to the cost of a product to cover the fixed costs of the retailer or wholesaler and leave an amount for a profit
    Gross Margin
    30s
  • Q13
    A type of business that buys goods in large amounts and resells them to other businesses in smaller lots.
    Wholesaler
    30s
  • Q14
    a business who sells goods directly to consumers
    Retailer
    30s
  • Q15
    The advancement of a product, idea, or point of view through publicity and/or advertising.
    Promotion
    30s

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