CLEP EXAM MKTG 301 PRACTICE TEST 1 QUESTIONS
AND ANSWERS 2025/2026 WITH COMPLETE
SOLUTION.
setting prices as low as possible typically supports which of the follows Answer
-
The production of a new car model includes which of the following activities?
Answer - actually making the car
the term "micro-macro dilemma" means... Answer - what is good for some
producers may not be good for society as a whole
an organized way of continually gathering and analyzing data to provide
marketing managers with the most up-to-date information they need to make
decisions is called.... Answer - marketing info systems (mis)
ogden parts inc has named a new sales manager with responsibilities for
market planning. Ogden's president thinks the sales manager should sell more
parts and outsell the competition it seems that the company is run as if it were
in which era? Answer - sales era
what are the "four p's" of a marketing mix? Answer - product, price, place,
promotion
, what is the role of price in a market-directed economy? Answer - serve as a
rough measure of the value of resources used to produced goods and services
which statement about marketing is false? Answer - marketing does not apply
to nonprofit organizations
family units in Smallisland Country make all the products they consume. What
is this an example of? Answer - a pure subsistence economy
as xyz company produces larger quantities of watches, the cost of producing
each watch goes down. What is this known as? Answer - economies of sale
the Magnuson act of 1975 says that Answer - producers must provide a clearly
written warranty
when marketers focus on comparing their product verses a competitor's
product they........ Answer - should be concerned with total product offering
and look at the relative quality (both b and c)
one would consider an intangible deed performed by one party for another
party at a cost as a ........ Answer - good
what is not true about the three types of convenience products? (staples,
impulse products, and emergency products) Answer - customers shop
extensively when purchasing these items
tariffs are Answer - taxes on imported products
AND ANSWERS 2025/2026 WITH COMPLETE
SOLUTION.
setting prices as low as possible typically supports which of the follows Answer
-
The production of a new car model includes which of the following activities?
Answer - actually making the car
the term "micro-macro dilemma" means... Answer - what is good for some
producers may not be good for society as a whole
an organized way of continually gathering and analyzing data to provide
marketing managers with the most up-to-date information they need to make
decisions is called.... Answer - marketing info systems (mis)
ogden parts inc has named a new sales manager with responsibilities for
market planning. Ogden's president thinks the sales manager should sell more
parts and outsell the competition it seems that the company is run as if it were
in which era? Answer - sales era
what are the "four p's" of a marketing mix? Answer - product, price, place,
promotion
, what is the role of price in a market-directed economy? Answer - serve as a
rough measure of the value of resources used to produced goods and services
which statement about marketing is false? Answer - marketing does not apply
to nonprofit organizations
family units in Smallisland Country make all the products they consume. What
is this an example of? Answer - a pure subsistence economy
as xyz company produces larger quantities of watches, the cost of producing
each watch goes down. What is this known as? Answer - economies of sale
the Magnuson act of 1975 says that Answer - producers must provide a clearly
written warranty
when marketers focus on comparing their product verses a competitor's
product they........ Answer - should be concerned with total product offering
and look at the relative quality (both b and c)
one would consider an intangible deed performed by one party for another
party at a cost as a ........ Answer - good
what is not true about the three types of convenience products? (staples,
impulse products, and emergency products) Answer - customers shop
extensively when purchasing these items
tariffs are Answer - taxes on imported products
