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MM assgn:1: Azim study guide, questions and verified answers

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MM assgn:1: Azim study guide, questions and verified answers

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MM assgn:1: Azim
Multiple Choice Single Answer
Question When the quantity bought remains steady regardless of change in price, it
is called
Correct Answer Price inelastic

Your Answer Price inelastic

Multiple Choice Single Answer
Question Members of this group have attained a position through exceptional
ability in their profession or business
Correct Answer Lower-Upper

Your Answer Upper-Middle

Select The Blank
Question The cost of warehousing, transportation, inventory and handling products
together constitutes concept.
Correct Answer Total cost

Your Answer Total cost

Multiple Choice Single Answer
Question Production creates which type of utility

Correct Answer Form

Your Answer Form

Multiple Choice Single Answer
Question A diet conscious person after playing football is thirsty. He opts for :-

Correct Answer Diet coke

Your Answer Diet coke

True/False
Question Warehouses are needed when supply sources and markets are located
close by.
Correct Answer False

Your Answer False

True/False
Question Communicating with middlemen requires information which is different to
the information required in communicating with the final buyers.
Correct Answer True

Your Answer True

Select The Blank
Question Firm's that lack promotional skills rely on for promotional push.

Correct Answer Middlemen

Your Answer Middlemen

Multiple Choice Multiple Answer
Question Senses in our body are


- 1 - MM assgn:1 : Azim

, Correct Answer Taste , Touch , See

Your Answer Taste , Touch , See

True/False
Question MIS provides marketers with the right amount and type of information in a
timely fashion.
Correct Answer True

Your Answer True

Match The Following
Question Correct Answer Your Answer

Deep Assortment Carrying a product family in Carrying a product family in depth,
depth, drawing on many drawing on many producer's output
producer's output
Exclusive Assortment Carrying the line of only one Carrying the line of only one
manufacturer manufacturer
Open bid Contract awarded to lowest bidder Contract awarded to lowest bidder

Negotiated Contract Direct negotiation with one or Direct negotiation with one or more
more companies covering project companies covering project and
and terms terms
Multiple Choice Multiple Answer
Question Total cost includes :

Correct Answer Variable cost , Fixed cost

Your Answer Fixed cost , Variable cost , Marginal cost

Multiple Choice Multiple Answer
Question Characteristics of mass market strategy are :

Correct Answer One market mix for target market , One distribution and promotion
strategy
Your Answer One market mix for target market , One distribution and promotion
strategy
Multiple Choice Single Answer
Question Who provides time and place utility?

Correct Answer Intermediary

Your Answer Supplier

Select The Blank
Question can price it's product without any regard to competitor.

Correct Answer Pure monopolist

Your Answer Pure monopolist

Multiple Choice Single Answer
Question It is that element of a plan that specifies what is to be accomplished

Correct Answer Objectives




- 2 - MM assgn:1 : Azim

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