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Q 1/65
Score 0
Which of the following is most likely to raise the price a business charges for its products:
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The business reduces the level of inventory.
Several workers are laid off.
A new law increases minimum wage.
Efficiency is increased at the business.
Q 2/65
Score 0
One situation in which it might be considered unethical for businesses to use advertising characters that appeal to children is if the businesses are advertising
30
adult products.
expensive toys.
luxury services.
low-quality goods.
65 questions
Q.
Which of the following is most likely to raise the price a business charges for its products:
1
30 sec
Q.
One situation in which it might be considered unethical for businesses to use advertising characters that appeal to children is if the businesses are advertising
2
30 sec
Q.
One advantage of using certain software programs in the process of determining price is that these programs allow businesses to find out what effect different prices will have on the
3
30 sec
Q.
In which of the following businesses would a separate department most likely be responsible for establishing prices:
4
30 sec
Q.
Which of the following is a consideration in the place element of marketing:
5
30 sec
Q.
A characteristic of effective prices is that they must be
6
30 sec
Q.
Which of the following is a type of software program that businesses often use to plan, modify, or customize products:
7
30 sec
Q.
Channels of distribution are necessary for the sale of goods and services to ultimate
8
30 sec
Q.
Which of the following Internet-based marketing-research methods is most likely to raise an ethical issue regarding the users' right to privacy:
9
30 sec
Q.
To improve a business's effectiveness in providing customer satisfaction, the business's marketing activities and its other business functions should be
10
30 sec
Q.
To improve a business's effectiveness in providing customer satisfaction, the business's marketing activities and its other business functions should be
11
30 sec
Q.
Producers who eliminate all middlemen in the channel are said to be using __________ distribution.
12
30 sec
Q.
Which of the following is an external factor that affects selling price:
13
30 sec
Q.
Customers in cold climates who need warm clothes are an example of which of the following market segments:
14
30 sec
Q.
In order for a market to exist, consumers must have an unfulfilled desire for a product and
15
30 sec
Q.
When companies increase the quality of materials used in the production of their products, their prices will tend to be
16
30 sec
Q.
Marketers determine distribution intensity so they can achieve
17
30 sec
Q.
Businesses often use promotional campaigns to create or improve their
18
30 sec
Q.
Businesses often use promotional campaigns to create or improve their
19
30 sec
Q.
The Radnor Company outlined the specific activities and timelines it plans to use to accomplish its marketing goals. In which section of the marketing plan is this information placed?
20
30 sec
Q.
Implementing an electronic data interchange (EDI) system benefits businesses because it
21
30 sec
Q.
ABC Inc. sells very expensive products that the average consumer cannot afford. Which form of demographic segmentation would be the most appropriate to use when directing promotional efforts to the target market?
22
30 sec
Q.
Indirect channels of distribution are the only channels that involve
23
30 sec
Q.
A marketer who changes the product element in the marketing mix should re-evaluate the other marketing elements because the elements are
24
30 sec
Q.
An advantage of profit-oriented pricing is that the business
25
30 sec
Q.
What product factor should a business consider when selecting a good or service to offer its customers?
26
30 sec
Q.
By offering mail-order services, telephone-order services, and delivery services, marketers are
27
30 sec
Q.
By offering mail-order services, telephone-order services, and delivery services, marketers are
28
30 sec
Q.
Because of customer requests, a business decides to reorder a product that it had stopped selling. The business is using the
29
30 sec
Q.
Because of customer requests, a business decides to reorder a product that it had stopped selling. The business is using the
30
30 sec
Q.
Which of the following statements is true about marketing functions:
31
30 sec
Q.
Which of the following statements is true about marketing functions:
32
30 sec
Q.
What marketing function helps marketers decide to whom to sell?
33
30 sec
Q.
What marketing function helps marketers decide to whom to sell?
34
30 sec
Q.
One of the main reasons for developing a marketing plan is to identify the strategies necessary to achieve the marketing
35
30 sec
Q.
A home-improvement supply company targets its advertising to plumbers, carpenters, mechanics, and electricians. This business has segmented the market based on
36
30 sec
Q.
Which of the following is the most efficient, cost-effective way for a business to promote goods and services to customers who want to receive product information:
37
30 sec
Q.
Which of the following elements of the marketing mix are businesses considering when they answer the question of how much of a product to order:
38
30 sec
Q.
A computer manufacturer offers customers who pay for their computers over a period of time, the opportunity to upgrade to a new machine at the end of the contract. This is an example of an ethical solution to the problem of
39
30 sec
Q.
Which function of marketing determines how much gross profit a business will make on a good or service?
40
30 sec
Q.
Which function of marketing determines how much gross profit a business will make on a good or service?
41
30 sec
Q.
What type of information do businesses include in their marketing plans?
42
30 sec
Q.
Which of the following is an example of a business using the illegal tactic of bait-and-switch advertising:
43
30 sec
Q.
A business that sends discount coupons to potential customers is using the __________ function of marketing.
44
30 sec
Q.
A business that sends discount coupons to potential customers is using the __________ function of marketing.
45
30 sec
Q.
A wholesaler breaks down a large shipment of a product and sells portions of it to several retailers. The wholesaler is reducing a discrepancy of
46
30 sec
Q.
Tying agreements may violate laws in some countries because these types of arrangements tend to
47
30 sec
Q.
Wal-Mart, Domino's Pizza, and Avis Rent-a-Car are examples of
48
30 sec
Q.
Without marketing, people would need to be
49
30 sec
Q.
Without marketing, people would need to be
50
30 sec
Q.
The costs of promoting products are often
51
30 sec
Q.
Which component of the marketing plan summarizes the environmental conditions that can affect a business's marketing activities:
52
30 sec
Q.
Scuba diving gear is an example of a product that would be marketed to a(n) __________ market.
53
30 sec
Q.
One of the ways in which marketing benefits people is by improving their
54
30 sec
Q.
One of the ways in which marketing benefits people is by improving their
55
30 sec
Q.
Business goals are accomplished by means of marketing
56
30 sec
Q.
The strawberry crop was severely damaged by a late frost this year. The selling price of a quart of strawberries has been set 50¢ higher this year than last. Which of the following factors affected the price of strawberries:
57
30 sec
Q.
Why do businesses develop marketing plans?
58
30 sec
Q.
Why do some new companies set their selling prices as low as they can?
59
30 sec
Q.
Which of the following costs do businesses usually include in the price of their products:
60
30 sec
Q.
A producer feels that a retailer is not marketing its product to final consumers aggressively enough. This is an example of
61
30 sec
Q.
A short channel of distribution will probably be used by a producer that
62
30 sec
Q.
Caroline is unable to travel to a client's office but needs to demonstrate product features and be able to answer questions as they arise. What technology tool would be helpful to her in making a sale?