Thursday, January 7, 2010

MGT301 Quiz

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Question # 1 of 25 ( Start time: 10:13:44 PM )
Total Marks: 1
Anything that can be offered to a market for attention, acquisition, use, or consumption and that might satisfy a want or need refers to which one of the following concepts?
Select correct option:


Product

Price

Place

Promotion
Question # 2 of 25 ( Start time: 10:15:12 PM )
Total Marks: 1
Which one of the following is an example of a convenience consumer product?
Select correct option:


Petrol

A motorcycle

A bicycle

Athletic shoes
Question # 3 of 25 ( Start time: 10:16:38 PM )
Total Marks: 1
What is our business? Who’s our customer? What do our customers value? What should our business be? All these simple-sounding questions define which of the following concepts?
Select correct option:


Objectives and goals

Mission statement

Business portfolio

Operational strategies
Question # 4 of 25 ( Start time: 10:18:03 PM )
Total Marks: 1
The fact that organizational customers purchase products to be used directly or indirectly in the production of goods and services to satisfy customers' needs. This situation shows which of the following demands?
Select correct option:


Joint

Derived

Inelastic

More fluctuating
Question # 5 of 25 ( Start time: 10:19:31 PM )
Total Marks: 1
If ABC Company observes all compact disc customers as pretty much alike and thus offered only one marketing mix, it would be using which of the following approach?
Select correct option:


Heterogeneous

Undifferentiated

Differentiated

Concentrated
Question # 6 of 25 ( Start time: 10:21:01 PM )
Total Marks: 1
Which one of the following factors such as the buyer’s age, life-cycle stage, occupation, economic situation, lifestyle, personality and self-concept influences buyer’s decisions?
Select correct option:


Personal characteristics

Psychological Factors

Habitual buying behavior

Variety-seeking buying behavior
Question # 7 of 25 ( Start time: 10:22:00 PM )
Total Marks: 1
Connecting with employees in the company refers to which of the following options?
Select correct option:


Extranet

Internet

Intranet

World wide web
Question # 8 of 25 ( Start time: 10:23:24 PM )
Total Marks: 1
A marketing manager of a large consumer foods company is studying distribution, promotion, and price of the company's product. Marketing manager is studying which one of the following concepts?
Select correct option:


Marketing strategy

Marketing mix

Market offering

Marketing plan
Question # 9 of 25 ( Start time: 10:24:50 PM )
Total Marks: 1
By _____ the market and having several detergent brands, Procter & Gamble has an attractive offering for consumers in all important preference groups.
Select correct option:


Dividing

Researching

Segmenting

Reaching
Question # 10 of 25 ( Start time: 10:26:07 PM )
Total Marks: 1
The total market approach to finding a target market will probably be UNSUCCESSFUL when:
Select correct option:


Product differentiation is used

The firm defines the total market as its target market

People within the market have heterogeneous needs

People within the market have homogeneous needs
Question # 11 of 25 ( Start time: 10:27:37 PM )
Total Marks: 1
According to Philip Kotler how many marketing management philosophies are there?
Select correct option:


Three

Four

Five

Six
Question # 12 of 25 ( Start time: 10:29:02 PM )
Total Marks: 1
Drawing conclusion from research after analysis of collected data called:
Select correct option:


Gathering

Collection

Interpretation

Survey
Question # 13 of 25 ( Start time: 10:30:27 PM )
Total Marks: 1
British Steel provides steel to various manufacturers in Britain. British Steel would most likely segment markets based on which one of the following variables:
Select correct option:


Demographic

Psychographic

Type of organization

Market density
Question # 14 of 25 ( Start time: 10:31:54 PM )
Total Marks: 1
Which one of the following research instruments is used to collect information quickly?
Select correct option:


Mail questionnaires

Telephone interviewing

Personal interviewing

Computer interviewing
Question # 15 of 25 ( Start time: 10:33:09 PM )
Total Marks: 1
Which part of BCG matrix shows low-share business units in high-growth markets and requires a lot of cash to hold their share.
Select correct option:


Stars

Dogs

Question marks

Cash cows
Question # 16 of 25 ( Start time: 10:34:06 PM )
Total Marks: 1
Record system that provides current data on sales, costs, inventories, cash flows, accounts receivable and payable refers to which of the following data?
Select correct option:


Internal data

External data

Secondary data

Primary data
Question # 17 of 25 ( Start time: 10:34:58 PM )
Total Marks: 1
Estimates of new product failure rates range from __________, depending on the industry.
Select correct option:


33% to 90%

7% to 12%

5% to 33%

10% to 65%
Question # 18 of 25 ( Start time: 10:36:25 PM )
Total Marks: 1
Maslow has a list of human needs from the most pressing to the least pressing. They include all of the following EXCEPT:
Select correct option:


Physiological need

Safety need

Need recognition

Self-actualization
Question # 19 of 25 ( Start time: 10:37:57 PM )
Total Marks: 1
Which of the following sets refers to the sequence of marketing management functions?
Select correct option:


Control – implementation – market planning

Market planning – control – implementation

Implementation – control – market planning

Marketing planning – implementation - control
Question # 20 of 25 ( Start time: 10:38:57 PM )
Total Marks: 1
Which product life cycle stage features an emphasis on informative promotion, development of distribution channels and low sales?
Select correct option:


Market establishment

Market introduction

Market growth

Market maturity
Question # 21 of 25 ( Start time: 10:40:08 PM )
Total Marks: 1
Open-ended questions are especially useful in which of the following research when the researcher is trying to find out what people think but not measuring how many people think in a certain way?
Select correct option:


Causal research

Observational research

Experimental research

Exploratory research
Question # 22 of 25 ( Start time: 10:41:12 PM )
Total Marks: 1
Following are the factors that influence consumer behavior EXCEPT:
Select correct option:


Cultural

Political

Personal

Psychological
Question # 23 of 25 ( Start time: 10:42:32 PM )
Total Marks: 1
Developing a product or service involves defining the benefits that it will offer. The benefits such as quality, features and design, style that are communicated and delivered comes under which of the following categories?
Select correct option:


Private brands

Product attributes

Consumer products

Product mixes
Question # 24 of 25 ( Start time: 10:43:36 PM )
Total Marks: 1
To ensure the effectiveness of segmentation, the segments should be measurable, substantial, accessible and which one of the followings?
Select correct option:


Precise

Stable

Economic

Reachable
Question # 25 of 25 ( Start time: 10:45:05 PM )
Total Marks: 1
The greater the comparative advantage of a new product over those already in the market, the more quickly the product will move through the early stages of the product life cycle.
Select correct option:


True

False

 

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