Saylor - Principles of Marketing Exam Questios with
100% Correct Answers
Which of the following is a banner on a website an example of?
a.
Publicity
b.
Advertising
c.
Promotions
d.
Marketing - ANSWER -Advertising
When companies set their promotion budgets, which method uses the previous year's
percent of sales?
a.
Simplest method
b.Affordable method
c.
Promotional method
d.
Competitive parity method - ANSWER -Affordable method
Which element of a marketing strategy enables a company to make the most of their
strengths and match them to the needs of their customers?
a.
Execution
b.
Promotion
c.
Segmentation
d.
Targeting - ANSWER -Targeting
Which of the following statements about the marketing mix is true?
a.
The marketing mix elements each play a different role
b.
The marketing mix is developed prior to developing objectives
c.
The marketing mix is not dependent on other strategic activities
d.
The marketing mix must include the customer - ANSWER -The marketing mix elements
each play a different role
, Strategic planning best supports the marketing planning process through which of the
following?
a.
Promotion and selling
b.
Logistics and distribution
c.
Product planning and forecasting
d.
Demand plan and sales forecast - ANSWER -Promotion and selling
When performing a SWOT analysis, which are the most important issues to consider?
a.
Strategy and withholdings
b.
Financial reports and media markets
c.
Optimization and territory management
d.
Potential markets and competitor offerings - ANSWER -Potential markets and
competitor offerings
Which of the following aspects of a family's life cycle might concern marketers?
a.The geographical location of the family
b.
What the family purchases in any given year
c.
The comparative purchasing patterns of a single family member
d.
The stages of buying behavior the family goes through over many years - ANSWER -
The stages of buying behavior the family goes through over many years
What is the role of positioning in a marketing campaign?
a.It incorporates a competitor's message
b.
It diverts attention from a product's flaws
c.
It gives customers a reason to buy a product
d.
It can override a customer's determined mindset - ANSWER -It gives customers a
reason to buy a product
Which of the following conditions may indicate that a potential competitor is entering
your marketplace?
a.
, Entering the market is costly
b.
The market is growing at a slow rate
c.
The industry sees high profit margins
d.
There are several competitors in your marketplace - ANSWER -The industry sees high
profit margins
Which of the following statements about conducting a competitive analysis is correct?
a.
Current competitors should be the sole element of an analysis
b.
Potential competitors should be the sole element of an analysis
c.
Analyses should be done on a regular basis for a small business
d.
Analyses only need to be conducted when there is a new entry in the marketplace -
ANSWER -Analyses should be done on a regular basis for a small business
During what stage of the B2B buying process do buyers look online to find vendors,
attend industry trade shows, and/or e-mail suppliers with whom they have relationships?
a.
Recognizing a need
b.
Evaluating proposals
c.
Establishing an order routine
d.
Searching for potential suppliers - ANSWER -Searching for potential suppliers
Consumers have an effect on business-to-business (B2B) marketing strategies. What
is it called when the consumer demand for one product leads to increased demand for
another product?
a.
Spring demand
b.
Joint demand
c.
Fluctuating demand
d.
Determined Demand - ANSWER -Joint demand
Business-to-consumer marketers appeal to consumers as they work through the
decision-making process. In which stage of this process does the consumer determine
problem definition?
100% Correct Answers
Which of the following is a banner on a website an example of?
a.
Publicity
b.
Advertising
c.
Promotions
d.
Marketing - ANSWER -Advertising
When companies set their promotion budgets, which method uses the previous year's
percent of sales?
a.
Simplest method
b.Affordable method
c.
Promotional method
d.
Competitive parity method - ANSWER -Affordable method
Which element of a marketing strategy enables a company to make the most of their
strengths and match them to the needs of their customers?
a.
Execution
b.
Promotion
c.
Segmentation
d.
Targeting - ANSWER -Targeting
Which of the following statements about the marketing mix is true?
a.
The marketing mix elements each play a different role
b.
The marketing mix is developed prior to developing objectives
c.
The marketing mix is not dependent on other strategic activities
d.
The marketing mix must include the customer - ANSWER -The marketing mix elements
each play a different role
, Strategic planning best supports the marketing planning process through which of the
following?
a.
Promotion and selling
b.
Logistics and distribution
c.
Product planning and forecasting
d.
Demand plan and sales forecast - ANSWER -Promotion and selling
When performing a SWOT analysis, which are the most important issues to consider?
a.
Strategy and withholdings
b.
Financial reports and media markets
c.
Optimization and territory management
d.
Potential markets and competitor offerings - ANSWER -Potential markets and
competitor offerings
Which of the following aspects of a family's life cycle might concern marketers?
a.The geographical location of the family
b.
What the family purchases in any given year
c.
The comparative purchasing patterns of a single family member
d.
The stages of buying behavior the family goes through over many years - ANSWER -
The stages of buying behavior the family goes through over many years
What is the role of positioning in a marketing campaign?
a.It incorporates a competitor's message
b.
It diverts attention from a product's flaws
c.
It gives customers a reason to buy a product
d.
It can override a customer's determined mindset - ANSWER -It gives customers a
reason to buy a product
Which of the following conditions may indicate that a potential competitor is entering
your marketplace?
a.
, Entering the market is costly
b.
The market is growing at a slow rate
c.
The industry sees high profit margins
d.
There are several competitors in your marketplace - ANSWER -The industry sees high
profit margins
Which of the following statements about conducting a competitive analysis is correct?
a.
Current competitors should be the sole element of an analysis
b.
Potential competitors should be the sole element of an analysis
c.
Analyses should be done on a regular basis for a small business
d.
Analyses only need to be conducted when there is a new entry in the marketplace -
ANSWER -Analyses should be done on a regular basis for a small business
During what stage of the B2B buying process do buyers look online to find vendors,
attend industry trade shows, and/or e-mail suppliers with whom they have relationships?
a.
Recognizing a need
b.
Evaluating proposals
c.
Establishing an order routine
d.
Searching for potential suppliers - ANSWER -Searching for potential suppliers
Consumers have an effect on business-to-business (B2B) marketing strategies. What
is it called when the consumer demand for one product leads to increased demand for
another product?
a.
Spring demand
b.
Joint demand
c.
Fluctuating demand
d.
Determined Demand - ANSWER -Joint demand
Business-to-consumer marketers appeal to consumers as they work through the
decision-making process. In which stage of this process does the consumer determine
problem definition?
