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Marketing Knowledge Test - 1

Description: This covers all the theoritical concepts of the Marketing Knowledge. Keep watching for the next versions of the tests soon
Number of Questions: 30
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Tags: Marketing Knowledge SBI Clerk SBI Clerk Marketing SBI PO Marketing Banking Awareness Letter E Verbal Reasoning Vocabulary Improvement based on Words in a Sentence
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What are the different components of Marketing?

  1. The offer

  2. The market

  3. The system

  4. The forces

  5. All the above


Correct Option: E

Which of the following is best suited to define the term MARKET?

  1. A place of exchange

  2. A place where exchange of goods takes place

  3. It is an arrangement that provides an opportunity of exchanging goods and services for money or money's worth.

  4. a and b

  5. None of these


Correct Option: C

Which of the following is best suited to define the term MARKETING?

  1. An exchanging process

  2. Satisfying the customers by providing best services

  3. Process of exchange involving two distinct aspects namely, mental and physical.

  4. All the above

  5. None of these


Correct Option: C

What are the benefits of Marketing to Society?

  1. It is instrumental in improving the living standards

  2. It generates gainful employment opportunities

  3. It stabilizes the economic conditions.

  4. All the above

  5. None of the above


Correct Option: D

What are the functions of Marketing Management?

  1. Assessing Marketing Opportunities & Planning the marketing activities

  2. Providing effective marketing organization

  3. Actuating by Leadership & Motivating the human-side

  4. Evaluating and adjusting marketing efforts

  5. All the above


Correct Option: E

The way of life in which all the resources of an organization are mobilized to create, stimulate and satisfy the consumer at a profit is called as _______

  1. Market

  2. Market concept

  3. Marketing

  4. Marketing Concept

  5. All the above


Correct Option: D

The crucial and creative task of delivering consumer satisfaction and thereby earning profits through consumer demand is called as ______

  1. Marketing concept

  2. Marketing Strategy

  3. Marketing Management

  4. Marketing Environment

  5. None of these


Correct Option: C

What are the benefits of Marketing to Individual Firms?

  1. It is an outlet to earn the profits

  2. It provides a decision-pad for marketers.

  3. It is a source of new ideas

  4. All the above

  5. None of these


Correct Option: D

What are the four elements of Market Mix?

  1. Product, Price, Promotion, Place

  2. Place, Product, Production, Plan

  3. Promotion, Plan, Production, Product

  4. Product, Place, Plan, Production

  5. None of these


Correct Option: A

In which of the following ways, "Marketing Mix" concept helps the business firms

  1. Provides a valuable guide for resource allocation

  2. Helps to allocate the responsibilities

  3. Provides an opportunity to analyze cost benefit elasticities.

  4. Facilitates communication process

  5. All the above


Correct Option: E

By which of the following forces Marketing Environment is effected?

i) Social ii) Physical iii) Economic iv) Ethical v) Physical vi) Political vii) Technological

  1. Only (i), (iv) and (vi)

  2. Only (ii), (v) and (vii)

  3. Only (i), (ii), (iv) and (vi)

  4. All (i), (ii), (iii), (iv) ,(v) , (vi) and (vii)

  5. None of these


Correct Option: D

A framework for planning and making decisions in the key marketing activities that are essential to marketing success is called as _________

  1. Marketing Mix

  2. Marketing Environment

  3. Marketing Planning

  4. Marketing Organization

  5. None of these


Correct Option: D

Indian Marketing Environment can be subdivided into five major groups, they are

  1. Economic, Social, Legal, Distribution and Cultural

  2. Economic, Ethical, Physical, Production and Cultural

  3. Economic, Legal, Production, Mental and Cultural

  4. Economic, Technological, Ethical, Physical and Cultural

  5. None of these


Correct Option: A

Market is basically segmented on the basis of _____

  1. Similar wants of buyers

  2. Price of the product

  3. Quality of the product

  4. Region

  5. None of these


Correct Option: A

What are the different costs of Market Segmentation?

  1. Product & Production costs

  2. Promotion costs

  3. Inventory costs

  4. Management costs

  5. All the above


Correct Option: E

The process of examining a company's market opportunities, allocating resources to capitalise on those opportunities and predicting market and financial performance that is likely to occur is called as _________

  1. Marketing Strategy

  2. Marketing Environment

  3. Marketing Planning

  4. Marketing Organization

  5. None of these


Correct Option: A

What are the benefits of Segmentation?

  1. A more precise decision of the market

  2. A more effective marketing programme

  3. Better Assessment of the Competition

  4. Better allocation of resources.

  5. All the above


Correct Option: E

The term which indicates how much a company could sell if it had all the necessary resources and desired to use them for this purpose is ________

  1. Sales estimation

  2. Sales method

  3. Sales Potential

  4. None of the above

  5. All the above


Correct Option: C

Which of the following is not a step in the Organization planning?

i) Determine the Objectives ii) Analyse the existing oprganisation iii) Formulate long-range target organization iv) Determine the method of change v) Prepare the phase plans vi) Implement the plan

  1. Only (iii)

  2. Only (v)

  3. Both (iii) and (v)

  4. None of these

  5. All the above


Correct Option: D

Which of the following not a limitation of a Sales Forecasting?

  1. Failure to detect market trends

  2. Attempt to forecast with pin-point accuracy

  3. Failure to use more than one method

  4. Ease in anticipating the plans of competitors

  5. All the above


Correct Option: D

An attempt to determine the volume of sales which can reasonably be expected at some future data on scientific basis is called as ______

  1. Sales Report

  2. Sales Analysis

  3. Sales forecasting

  4. Sales strategy

  5. None of these


Correct Option: C

A symbol, a mark or name that acts as means of communication to bring about an identity of a given product is called as ______

  1. Logo

  2. Brand

  3. Advertisement

  4. a and b

  5. None of these


Correct Option: B

Which of the following is a merit of Branding to consumers?

  1. It Assures quality and value

  2. It evaluates status

  3. It saves time and effort

  4. It gives trade and legal protection

  5. All the above


Correct Option: E

Which of the following is a merit to Marketers with Branding?

  1. It is massive asset

  2. It is a promotional tool

  3. It protects market

  4. It is a means of identification

  5. All the above


Correct Option: E

Which of the following is not a method of Sales Forecasting?

  1. Past sales report

  2. Survey

  3. Quality improvement

  4. Market analysis

  5. None of these


Correct Option: C

The social force designed to protect the interests of consumers by organising the consumers to bring pressure on business community to heed is called as _______

  1. Consumerism

  2. Consumer Behavior

  3. Consumer psychology

  4. All the above

  5. None of these


Correct Option: A

Which of the following is a demerit of Branding to consumers?

  1. It creates confusion

  2. It makes losing sight of better products

  3. It hikes product prices

  4. All the above

  5. None of these


Correct Option: D

Which of the following is a demerit to Marketers with Branding?

  1. It involves commitment

  2. Possibility of brandlessness

  3. Expensive

  4. All the above

  5. None of these


Correct Option: D

Which of the following plays a key role in increasing the sales of a new product?

  1. Product Price

  2. Product Quality

  3. Marketing Strategy

  4. Branding

  5. All the above


Correct Option: D

Branding can be classified as _____

  1. Individual and family

  2. Manufacturer and Distributor

  3. Regional and national

  4. All the above

  5. None of these


Correct Option: D
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