0

Marketing

Description: Marketing
Number of Questions: 20
Created by:
Tags: Marketing CBSE (UGC) NET Marketing Management
Attempted 0/20 Correct 0 Score 0

Surgery is an example of

  1. declining demand

  2. latent demand

  3. negative demand

  4. unwholesome demand


Correct Option: C
Explanation:

The demand for surgery is negative because a customer can opt for alternative eg. medicines and thereby demand for surgery is reduced.

The term Marketing Myopia is related to:

  1. marketing concept

  2. selling concept

  3. production concept

  4. product concept


Correct Option: D
Explanation:

Marketing myopia is related to the product concept in which the organizations do not lay stress on the marketing strategies they should follow and the way they should change them according to the future market requirements. Hence, they tend to stick to the process of improvising their product and believe that a good product sells for itself with or without a marketing strategy.

The services of a spa center relate to

  1. the service concept

  2. the product concept

  3. the experience concept

  4. all of the above


Correct Option: D
Explanation:

The services of a spa center relate to all of the options as they are in itself a service, a product and an experience.

The difference between the prospective customer evaluation of all benefits and all the costs of an offering the percieved alternatives is termed as

  1. total customer value

  2. total customer cost

  3. customer perceived value

  4. none of the above


Correct Option: C
Explanation:

Customer perceived value refers to the difference between the prospective customer evaluation of all benefits and costs of a product  the perceived alternatives. 

Which of the following, defines the Simple retention markets in reference to buying dynamics?

  1. Once a customer always a customer eg. Nursing home

  2. Customers can be lost permanently eg. cable, telecom etc.

  3. Customers can leave and come back eg. airlines, retail etc.

  4. None of the above


Correct Option: B
Explanation:

The definition in option (b) defines simple retention markets. 

It is ______ to attract new customers than to retain existing ones for a company.

  1. more expensive

  2. less expensive

  3. inexpensive

  4. none of these


Correct Option: A
Explanation:

It is more expensive to attract new customers for an organization than to retain the existing customers i.e., more resources are spent for attracting  new customers. Therefore, retaining old customers is as important as attracting new customers.

Which of the following drivers of customer equity relates to objective assessment of the market offering utility, based on perception relative to the costs incurred?

  1. Brand equity

  2. Equity value

  3. Relationship equity

  4. All of the above


Correct Option: B
Explanation:

Equity value refers to objective assessment of the market offering utility based on perception relative to the costs incurred. 

Positioning in the target market can be strengthened by

  1. making it smaller

  2. increasing the homogeneity

  3. both 1 and 2

  4. none of these


Correct Option: C
Explanation:

Both 1 and 2 are the right answers. Positioning in the target market is strengthened by making it smaller as well as homogeneous.

Which of the following definitions does the term basic marketing refers to?

  1. A sales person simply selling a product.

  2. A sales person sells a product and asks the customer to satisfy his questions and queries.

  3. A sales person contacts the customer to provide a feedback.

  4. A sales person contacts the customer from time to time with suggestions for a new product or improved current product.


Correct Option: A
Explanation:

Basic marketing refers to a sales person simply selling a product. 

Which of the following brand personalities relates to CNN channel?

  1. Excitement

  2. Competence

  3. Sincerity

  4. Ruggedness


Correct Option: B
Explanation:

CNN channel refers to competence brand personality. 

Who gave the theory of motivation and defined needs into major categories of physiological needs, social needs, safety needs, esteem needs and self actualisation needs?

  1. Herzberg

  2. Frued

  3. Maslow

  4. None of the above


Correct Option: C
Explanation:

Maslow gave the theory of motivation and defined needs into major categories of physiological needs, social needs, safety needs, esteem needs and self actualisation needs.

Which target of marketing strategy did Starbucks follow?

  1. Multi-segment targeting

  2. Undifferentiated targeting

  3. Concentrated targeting

  4. None of the above


Correct Option: C
Explanation:

Starbucks falls under the category of concentrated targeting as it pursued a single segment of customers who drank gourmet-coffee.

Which of the following does not fall into behavioural segmentation pattern?

  1. Purchase occasion

  2. Brand loyality

  3. Perceptions and beliefs

  4. Personality


Correct Option: D
Explanation:

Personality falls under the psychographic pattern of segmentation. 

In case of industrial market segmentation, which of the following subgroup segmentation is not a part of microsegmentation?

  1. Decision making unit

  2. Choice criteria

  3. Buy class

  4. Organisational size


Correct Option: D
Explanation:

Organisational size falls in the macrosegmentation of the industrial market . Hence, it is a right answer.

A company produces sugar as a product. Which of the following targets of marketing strategy will it follow?

  1. Concentrated targeting

  2. Undifferentiated targeting

  3. Multi-segment targeting

  4. None of the above


Correct Option: B
Explanation:

Undifferentiated targeting is when no segments are formed and the whole market is pursued as one. Sugar is a commodity product which is used by all. Hence, it falls under this category where segmentation is not required.

Out of the following broad groups of segmentation criteria, which of the following subgroups does not fall under psychographic segmentation?

  1. Personality

  2. Purchase behaviour

  3. Lifestyle

  4. None of the above


Correct Option: B
Explanation:

Purchase behaviour falls under the behavioural criteria of segmentation. 

To which of the following microsegmentation categories does modified rebuy belong?

  1. Purchasing organisation

  2. Decision making unit

  3. Buy class

  4. Decision making process


Correct Option: C
Explanation:

Modified rebuy falls under the category of buy class under the microsegmentation criteria of industrial market segmentation. 

To increase market attractiveness which of the following options is true?

  1. High bargaining power of customer

  2. High bargaining power of supplier

  3. Reduced barriers to market segment entry

  4. High barriers to market segment exit


Correct Option: C
Explanation:

Reduced market entry barriers increase market attractiveness. 

Which of the following factors hinders market attractiveness?

  1. Large segment size

  2. Price sensitive segment

  3. Increasing growth rate of segment

  4. Large number of competing suppliers


Correct Option: B
Explanation:

A price sensitive market segment hinders market attractiveness. 

Which the following is not a competitive factor affecting market segment evaluation?

  1. Barrier to market segment entry

  2. Nature of competition

  3. New entrants

  4. Competitive differentiation


Correct Option: A
Explanation:

Barrier to market segment entry is one of the market factors used for evaluation and does not fall under the category of competitive factor of evaluation. Hence, it is the right answer.

- Hide questions