Assignment - C

Objective Type Question

Question 1. The Selling Concept is

A. Products
B. Customer needs
C. Markets
D. None of the above
Question 2. Market Means

A. The set of actual and potential sellers of a product

B. The set of actual and potential buyers of a product
C. Both buyers and sellers
D. None of the above
Question 3. BCG stands for

A. Boston consumer goods

B. Boston crdit groups
C. Bosston consultancy groups
D. Both a and b
Question 4. Marketing Mix Elements are

A. Product, price, place, and customers

B. Product, price, place and promotion
C. Product , price, place and physical distribution
D. Both b and c
Question 5. Diversification means

A. A strategy for company growth by starting up or acquiring businesses

outside the company's current products and markets
B. A stage for company growth and starting up or acquiring other companies
and their products
C. A unit which deals in many products and services
D. Both b and c
Question 6. SBU stands for

A. State bank of uttranchal

B. Strategic business unit
C. Semi brand units
D. None of the above
Question 7. Market Segmentation is

A. The process of classifying customer's into groups, each with different

needs, characteristics or behaviours.
B. The process of classifying the markets into groups each with same needs
and characteristics
C. The process of making the dealers and distributors happy about the
products
D. None of the above
Question 8. Strategic Control means

A. A critical review of the company's overall production effectiveness

B. A critical review of the company's overall finanicial effectiveness
C. A critical review of the company's overall marketing effectiveness
D. None of the above
Question 9. Changes in incomies

A. An economic enviorenmental factor

B. A political environment factor
C. A socio cultural environment factor
D. Both b and c
Question 10. Status is

A. The general life style given by the society

B. The general esteem given to a role by society
C. The symbol in the market
D. None of the above
Question 11. The first step in strategic planning is

A. Defining the company's mission

B. Designing the marketing program
C. Designing the business portfolio
D. None of the above
Question 12. The 4c's of the marketing mix tactial tool kit are

A. Customer, cost, convienee and curve

B. Customer, cost, convience and coverage
C. Customer, cost, convienence and communication
D. None of the above

Question 13. Promotion mix elements are

A. Price, advertising , publicity and sales promotion

B. Advertising, sales promotion, publicity and personal selling
C. Personal selling, strategy, advertising and publicity
D. Both a and c
Question 14. Marketing productivity audit includes:

A. Products, price and distribution analysis

B. Profitability analysis and cost effectiveness analysis
C. Advertising and sales force anlaysis
D. Both a and c
Question 15. Demography is

A. The study of human population in terms of size, location, age, gender,

race, occupation and other statistics
B. The study of the marketing plans
C. The study of all the activities in the organization
D. None of the above
Question 16. A sample is a

A. Segment of the area in the market

B. Segment of the population selected to represent the population as a whole
C. Part of the data
D. Both a and c
Question 17. The two types of sales forecasts are:

A. Industry and the market sales forecasts

B. Industry and the price forecasts
C. Industry and the company sales forecasts
D. None of the above
Question 18. PVCM stands for

A. Percentage and value cost margin

B. Percentage-variable contribution margin
C. Percentage value cost margin
D. Both a and c
Question 19. Inventory turnover is

A. Gross margin/price
B. Sales/cost
C. Sales/average value of inventory
D. Both a and b

Question 20. The product is now more widely known and the sales grow rapidly is the
stage of

A. Introduction stage
B. Maturity
C. Growth
D. Decline
Question 21. The 4 stages of the PLC

A. Growth, introduction, maturity and decline

B. Growth introduction maturity and new
C. Introduction, decline, new product, growth
D. Both a and c
Question 22. The new product development process starts with

A. screening
B. idea generation
C. product development
D. none of the above
Question 23. The process of creating and developing product specifications that optimize
the function, value and appearance of the product is

A. Product design
B. Market design
C. Industrial design
D. None of the above
Question 24. Setting a price at or near competitive levels is

A. Penetrating pricing
B. Parity pricing
C. Competition pricing
D. Both a and c
Question 25. In advertising, GRP stands for

A. Grand rating points

B. Growth rating points
C. Gross rating points
D. None of the above
Question 26. Inventory cost is

A. Annual sales/inventory turnover X inventory carrying cost

B. Total sales/inventory carrying costs
C. Total costs/annual cost
D. Both b and c

Question 27. The systematic design, collection analysis, and reporting of data relevant to
a specific marketing situation facing an organization is

A. Market research
B. Marketing research
C. Product research
D. Both a and c
Question 28. In collecting primary data, the two main research instumetns are:

A. Mechanical devices and the telephonic conversation

B. Questionnaire and the mechanical device
C. Questionnaire and the telephonic conversation
D. None of the above
Question 29. VMS stand for

A. Vertical marketing system

B. Vertical management system
C. Value marketing system
D. Vertical measuring system
Question 30. A descriptive thought that a person has about something is called

A. Idea
B. Belief
C. Value
D. Description
Question 31. The collection of businesses and products that make up the company is

A. Product portfolio
B. Business portfolio
C. Market portfolio
D. Both a and c
Question 32. Two or more outlets that are commonly owned and controlled are

A. Business stores
B. Chain store
C. Products
D. None of the above
Question 33. The practice of using the established brand names of two different
companies on the same product

A. Branding
B. Re branding
C. Co branding
D. None of the above

Question 34. The set of basic values, Perceptions, wants and behaviours learned by a
member of society from family and the important institutions is known as

A. Culture
B. Sub culture
C. Attitude
D. None of the above
Question 35. The total combines lifetime values of all the company's customers is called

A. Product equity
B. Customer equity
C. Market equity
D. Both a and c
Question 36. CRM stands for

A. Cost recovery management

B. Customer relationship management
C. Customer role in management
D. None of the above
Question 37. Adding a standard mark up to the cost of the product is

A. Differentiated pricing
B. Cost plus pricing
C. Cost only pricing
D. None of the above
Question 38. Human wants that are backed by buying power are called

A. Products
B. Demands
C. Markets
D. Both a and c
Question 39. Stocking the product in as many outlets as possible is called

A. Extensive distribution
B. Inclusive distribution
C. Intensive distribution
D. None of the above
Question 40. In marketing, MIS stands for

A. Management information system

B. Marketing information system
C. Market idea system
D. Major information system