MARKETING MANAGEMENT UNIT 1 Question:Identify the statement that signifies a feature describing a market Any place where sellers exist Any place where buyers exist Actual place or a meeting point There must be face to face interactions Question: When each party has something that could be of value to other party, it results into Exchange process Marketing activity Market place Money exchange Question: The type of market where single seller dominates the entire market is referred to as Perfect Imperfect Local Global Question: Which among the following is an example for a non-profit organsiation? Hotel Hospital Charitbale University Question: What relationship exists between Marketing and Selling? Marketing is included in selling Selling is included in Marketing Both are same There is no relation Question: MARKETING MANAGEMENT Which of the following is the major task of Marketing management? Analysing market opportunities Implementing organisational plans Estimating the company budget Managing different management processes Question: Identify the Marketing Functions - A.Advertising products B.Physical distribution of goods C.Manufacturing products to be sold D.Selling goods and services A, B, C B, C, D C, D, A D, A, B Question: Which among these is the correct relationship between Consumers needs and wants? Consumers needs are more than wants Consumers needs and wants are same Marketers influence needs and then wants Marketers influence consumers wants not needs Question: Identify the correct statements - A.In Product concept, focus is on innovating and improving products B.In Selling concept, consumers are persuaded to buy products C.In Production concept, quality of product is considered as essential D.In Societal concept, overall well being of society is considered to be important A, B, C B, C, D C, D, A D, A, B Question: MARKETING MANAGEMENT Increased customer value indicates increase in one of the following Quality Cost Price Dissatisfaction Question: Identify the ODD statement: Pricing is a part of marketing function because of these benefits It takes in to consideration competition and competitive prices It helps in eliminating losses due to product failure It brings in revenue It helps in determining the buying capacity of consumers Question: Identify the correct sequence that leads to potential demand a. b. c. d. UNIT 2 Question: Advertising is a part of ____________________activity Distribution Selling Promotion Pricing Question: The 4 P's of Marketing represent one of the following Four phases Four personalities Four components MARKETING MANAGEMENT Four philosophies Question: A Product design is considered to be one of the following Attribute Intangible Package Brand Question: Preparing Marketing Budget involves one of these activities Measuring marketing performances Estimating marketing funds and expenses Arriving at profit figures Taking corrective actions Question: Expand SWOT Strengths, Weakness, Obstacles, Threats Strengths, Weakness, Opportunities, Tactics Strengths, Weakness, Opportunities, Threats Strategies, Weakness, Opportunities, Threats Question: The additional P's of marketing are People, Physical evidence, Package People, Physical evidence, Process People, Process, Packaging Physical evidence, Process, Packaging -================================================================================ Question: MARKETING MANAGEMENT Identify the correct set of characteristics of Marketing audit Comprehensive, dynamic, independent Comprehensive, interdependent, periodic Comprehensive, independent, static Not the Independent, systematic, periodic Question: The comprehensive, systematic, independent and periodic examination of the company's environment in a order to improve company's marketing performance is called Marketing philosophy Marketing strategy Marketing audit Marketing budget Question: Identify the true and false statements - A.Place includes the distribution channel and logistics B.Place includes factories and manufacturing units A-true, B-false A-true, B-true A-false, B-false A-false, B-true Question: Product can be any of these EXCEPT A Good A Value A service An Idea Question: Identify the correct statements which indicates Price of a product - A.Its a Monetary value B.Its an intangible value C.Its determined by seller D.Its negotiable by consumers MARKETING MANAGEMENT A, B, C are correct A, C, D are correct A, B, D are correct B, C, D are correct Question: Arrange the correct sequence of the tasks related with Marketing control - A.Evaluate marketing performance B.Set marketing objectives C.Take corrective actions D.Measure marketing performance D, A, C, B A, C, B, D B, D, A, C C, B, D, A UNIT 3 Question: The study of population characteristics is called as ____________________ Demotrics Democracy Demology Demography Question: The term Micro environment will include this group Environmentalists Legal authorities Economists Employees Question: Minimum Wages act is an example for Monetary policy MARKETING MANAGEMENT Economic policy Legislation Consumer protection Question: Which is the ODD one in the following Customer markets? Consumer Government Competitor Reseller Question: Change in living patterns due to Urbanisation is included in one of these environment Economic Political Socio-cultural Demographic Question: The nature of Macro environment is usually ___________________ Reliable Controllable Uncontrollable Predictable Question: What are the basis for differentiating Micro and Macro environment? size, complexity and consistency MARKETING MANAGEMENT size, uncertainty and complexity size, complexity and threats size, authority and complexity Question: Identify the true and false statement Assertion: A.Higher the inflation rate lesser will be the consumer's purchasing power Reason: B.Decreasing prices lead to inflation A-true, B-true A-true, B-false A-false, B-true A-false, B-false Question: Identify the ODD one among these Demographic indicators Migration and geographical distribution Age and Marital status Income and working women's earnings Education and occupation Question: Identify the true and false statements - A.Environmental scanning helps the company to identify threats B.The study of micro environment is called environmental scanning A-true, B-false A-true, B-true A-false, B-true A-false, B-false Question: Following is a Macro environmental force EXCEPT - MARKETING MANAGEMENT Monetary policies Company Inflation Demographics Question: PEST Analysis indicates environmental scanning of these areas Political, economic, social and technical Political, economic, science and technological People, economic, social and technological Political, economic, social and technological UNIT 4 Question: One of the marketing research objective is to Evaluate Suppliers Effectiveness of marketing actions Competitor's marketing strategies Demand Question: The basic difference between A.Behavioural research B.Experimental research is B is more memory based than A A is more scientific method than B B is more reliable method than A A is accurate data than B Question: Select the true and false statements - A.Computer systems form the nerve centre of MIS B.MIS forms the nerve centre of company's marketing function A-true, B-false MARKETING MANAGEMENT A-true, B-true A-false, B-true A-false, B-false Question: From the characteristics of questionnaires given below, find the ODD one It has primary data It has logical sequence It is specific It is flexible Question: Identify the true and false statements A.Data analysis can include graphs and statistical tables B.Data analysis should have findings and suggestions C.Data analysis must interpret the analysed data A-true, B-true, C-true A-true, B-false, C-true A-false, B-true, C-false A-false, B-false, C-true Question: Find the correct order in which Marketing research performs these tasks of managing information A.Analysing data B.Collecting data C.Recording data D.Reporting data D, B, C, A C, A, D, B MARKETING MANAGEMENT B, C, A, D A, D, B, C Question: Collecting, analysing and evaluating accurate/appropriate marketing related information is the task of Marketing information system Management information system Materials information system Market information system Question: A marketing information system should essentially contain this Practices Philosophy Policies Procedures Question: Internal records system is a ___________________ of MIS Class Category Component Course Question: Recurrent information means Repeated data Concrete information Periodic information Numerical data Question: MARKETING MANAGEMENT Marketing research cannot be called as an exact science because It uses scientific methods It deals with behavioural studies It is based on hypothesis It uses data and figures Question:One of the marketing research feature is It is multi-tasking It is multi-purpose It is multi-disciplinary It is multi-natured UNIT 5 Question: Acquiring, interpreting, selecting and organising sensory information is called as Retention Perception Self-actualisation Adoption Question: The accurate meaning for a Consumer is one who Buys products Buys and uses products Consumes products Decides to buy products Question: The most appropriate reason for Consumers to behave differently is one among the given reasons They don't have same needs and preferences They have their own pattern of selecting and buying a product MARKETING MANAGEMENT They have different incomes and lifestyles They are influenced by many internal and external factors Question: Example for a personal factor that influences consumer behaviour is Religion Occupation Sub-culture Reference group Question: Nicosia model states that human beings are analysed as ___________ Stimuli System Sexual Social Question: Product convenience becomes the _________________ product buying motive Patronage Emotional Rational Habitual Question: Identify the true and false statements A.A buyer maybe a consumer but a consumer need not always be a buyer B.Consumers are the ultimate users of the products A-false, B-false A-true, B-true A-false, B-true MARKETING MANAGEMENT A-true, B-false Question: The first and second stage in the Adoption process are Awareness and Trial Awareness and Interest Interest and Trial Trial and Adoption Question: From the following cultural factors that lead to differences in consumer behaviour, find the ODD one Habits and preferences Traditions and values Festivals and rituals Religion and nationalities Question: The evaluative parameters while buying a product is required to determine _______________ Product durability Product alternatives Product availability Product features Question: Adil is a college going student. He seeks to buy a brand new motor-bike as a means of transport instead of using public vehicles. But, his conservative middle class parents are unwilling to buy him a bike because of his sister's marriage expenses. Identify the personal factors in the above with regard to Adil's need and his parent's behaviour. Age, income, family Income, esteem, occupation Age, income, occupation Income, occupation, Religion MARKETING MANAGEMENT Question: Find the correct sequence in the Consumer decision process which involves following stages A.Need recognition B.Purchase decision C.Information search D.Post purchase decision C, B, D, A B, D, A, C D, A, C, B A, C, B, D UNIT 6 Question: One of the characteristics of business market is Few buyers Small buyers Many buyers Daily buyers Question: B2B means Buyers to business Buyer to buyer Business to buyers Business to business Question: Select the true statement regarding the nature of the business markets from the following Its personal and widespread Its large and direct MARKETING MANAGEMENT Its easy and advertised Its professional and complex Question: Modified re-buy situation involves Selecting the suppliers Costs of the suppliers Negotiations with suppliers Evaluating suppliers Question: Supplier selection is based on Innovation Attraction Motivation Communication Question: When major supplies are received for the first time from a new supplier it is called as Straight buy Straight re-buy New task Modified re-buy Question:A Contract that establishes a long-term relationship where the supplier promises to re-supply the buyer as needed on agreed price terms over a specified period of time is called as a Blanket Modified Re-purchase MARKETING MANAGEMENT Terminal Question: Identify the ODD pair in the different organisational buying roles given below Influencers, Gatekeepers Agents, Suppliers Users, Buyers Buyers, Deciders Question: Whether to continue with the existing supplier or search for a new vendor is determined in this particular stage of Organisational Buying process Problem recognition Proposal solicitation Performance review Supplier search Question: Business markets can include these buyers EXCEPT Vendor Organisational Government Institutional Question: PJ Group is a well-known company dealing with auto spare parts. But, they are having problems when taking decisions regarding supplier selection. Actual users of the materials are not happy with existing material quality. Deciders have decided to carry on with the existing suppliers because of shortage of materials. Gatekeepers are interested to give chance to new vendors in the next major buying decision. Identify the factors influencing the members in their business buying roles. Deciders - demand conditions , Gatekeepers - competitive factor Deciders - interpersonal factor, Gatekeepers - individual decisions Deciders - economic factor, Gatekeepers - demand conditions Deciders - Competitive factor, Gatekeepers - economic factor MARKETING MANAGEMENT UNIT 7 Question:Identify the true and false statements A.Positioning means making the product to occupy a distinctive place in consumer's mind B.Targeting is a type of positioning strategy A-false, B-true A-true, B-true A-true, B-false A-false, B-false Question: Identify the Economic indicator among the following Migration and geographical distribution Education and occupation Age and Marital status Working women and their income Question: Undifferentiated marketing has which of these market features? A.One product for all B.Common needs exist C.Only one marketing mix D.One target market A, B A, B, C, D A, B, C Only B MARKETING MANAGEMENT Question: Among the following requisites of effective segmentation, find the ODD one Accessible Actionable Measurable Objectionable Question: Identify the true and false statements A.Positioning means making the product to occupy a distinctive place in consumer's mind B.Targeting is a type of positioning strategy A-false, B-true A-true, B-true A-true, B-false A-false, B-false Question: Undifferentiated marketing has which of these market features? A.One product for all B.Common needs exist C.Only one marketing mix D.One target market A, B A, B, C, D A, B, C Only B Question: Identify the Economic indicator among the following Migration and geographical distribution Education and occupation Age and Marital status Working women and their income MARKETING MANAGEMENT Question: Among the following requisites of effective segmentation, find the ODD one Accessible Actionable Measurable Objectionable Question: Ganesh's family uses the same brand of toothpaste for many years. Ganesh is bored with the brand. So Ganesh buys a smaller pack of another brand of toothpaste as a trial. However, after trying some more brands in the market, he returns back to the earlier toothpaste brand. On what basis, do you think Ganesh switched back to the old brand? Family pressure Brand image Loyalty status Brand benefits UNIT 8 Question: Example for an augmented product Quality standards Repairs or Maintenance Guarantee period Exchange offers Question: In the product mix strategy, the number of versions offered for a product in a particular product line is called as Product mix consistency Product line depth Product mix width Product line length Question: The objective of Test marketing is to Test the market with the consumers Introduce the product in open market Predict the product's performance and its future Test the consumers with the product MARKETING MANAGEMENT Question: Which among the following signifies a new product? Core products Recycled products Innovative products Manufactured products Question: Fad indicates fashion's Late entry and late exit Quick entry and late exit Late entry and quick exit Quick entry and quick exit Question: Identify the correct term for a company's number of product lines and product items Product design Product mix Product line strategy Product life cycle Question: Arrange sequentially the following stages in a new product development process A.Concept development B.Product development C.Business analysis D.Marketing strategy development B, A, D, C Wrong sequence (Refer Unit 8.8, new product development) C, B, A, D Wrong sequence (Refer Unit 8.8, new product development) D, C, B, A Wrong sequence (Refer Unit 8.8, new product development) A, D, C, B Right choice: these are the correct stages in order Question: Samurai manufacturers already have three products in the market let us say X1, X2 and X3. X3 is a popular product with high turnover and generates reasonable returns. The sales of X1 are lower due to high competition and increasing costs. X2 is incurring high costs as well but this product has very high scope in the future. Identify the PLC stages of X1, X2 and X3. X1-growth, X2-decline, X3-maturity Not the right choice: X1 cannot be in growth stage because its sales are decreasing and X2 has future scope so it cant be in decline stage X1-maturity, X2-decline, X3-introduction Not the right choice: X1, X2 and X3 do not show any of the features of the MARKETING MANAGEMENT given stage here X1-decline, X2-maturity, X3-introduction Not the right choice: X2 has not yet X1-decline, X2-introduction, X3-maturity Right choice: the given facts about the products indicate these stages in PLC UNIT 9 Question: One of the disadvantages of branding is It is risky It is costly It is competitive It is negative Question: TATA DOCOMO is an example for Manufacturer branding Multi-branding Co-branding Private branding Question: When companies are bored with their brands it is called as Brand amnesia Brand fatigue Brand suicide Brand paranoia Question: Brand loyalty for a product is an outcome of Popularity of product Company's popularity Consumer's demand Frequent purchase Question: A brand which bears the name of the seller or store where its sold is called as - MARKETING MANAGEMENT Manufacturer brand Private brand Multi brand Co-brand Question: Identify the correct statement from the following that signifies a brand Brand is tangible Brand is only a name Brand is market position Brand is a trademark Question: Identify true and false statement A.Incorrectly positioned product helps the brand B.Brands last for a longer period in market A-true, B-true A-false, B-false A-false, B-true A-true, B-false Question: Identify the criteria to select a brand name among the following Easy recognition Easy handling Exchangeable Evaluative Question: Brands can be developed in these ways EXCEPT Multi branding Line extension Company expansion Brand extension Question: One of the disadvantage of Licensing a brand is Lack of authenticity MARKETING MANAGEMENT Lack of Manufacturing control Failure of brand Failure of positioning Question: Match the following Match young person Disinfecting wage period Inspecting officers Correct Answer below 18 years of age hygienic place payment calculation public servants Question: Identify the true and false statements A.Perceived quality is only a consumer's perception of a brand B.Brand awareness makes consumers aware of the brand C.Brand equity is brand awareness combined with perceived quality D.Brand equity adds value to the products and company A and B is false; C and D is true A and D is true; B and C is false A and B is true; C and D is false A and D is false; B and C is true Question: Brand positioning of a product should consider all these EXCEPT Attributes Benefits Values Equity UNIT 10 Question: Pricing is one of the essential component of Product mix STP strategy MARKETING MANAGEMENT Promotion mix Marketing mix Question: The objective of Destroyer pricing is to eliminate competition by Increasing prices Increasing costs Decreasing prices Decreasing costs Question: Example for a Psychological pricing Rs. 555.55 Rs. 999 Rs. 5001 Rs. 100.00 Question: In the product mix pricing strategies, when the price is set for accessories along with the actual product, its called as _________________ pricing Optional product Captive product Product bundle By-product Question: Which among the following is a common consumer perception about price? Reduced price indicates reduced quality Higher prices bring more satisfaction Reduced price shows more demand Higher prices represents high value Question:Profits at Break even price is calculated using this method Total revenue --- Total cost Total cost --- Total revenue Total revenue + Total cost Total cost --- Fixed cost Question: Identify the true and false statement A.The intention of Promotional pricing is to initiate immediate sales MARKETING MANAGEMENT B.Stock clearance sales is an example for promotional pricing C.Promotional pricing involves lowering the prices as pricing strategy A and B is true A is true A, B and C is true A and C is true Question:Match the following pricing strategies with its features Match Product bundle Cost plus Going rate Price bidding Correct Answer Many products for reduced price Cost is determined Imitate competitor's prices Quotation prices selected Question: Match the types of discount offered by companies with appropriate examples - Match Correct Answer Cash 3 weeks credit Seasonal 20% monsoon rebate Quantity Two for price of one Functional Free trial offer Question: Identify the true and false statements A.Price indicates the monetary value of the product B.Price and cost of the product is same A-true, B-false A-false, B-true A-false, B-false A-true, b-true Question: Price increase for a product is initiated by the company when Demand exceeds supply Demand is consistent MARKETING MANAGEMENT Supply is consistent Supply exceeds demand Question: Identify true and false statements A.Location pricing is similar to geographical pricing B.Geographical pricing is similar to international pricing A-true, B-true A-false, B-false A-false, B-true A-true, B-false Question:Example for Captive product pricing when the product offered is Adidas sports shoes Discount of Rs.500 for exchange of old shoes Socks for Rs. 200 Coupon for Rs. 300 for next purchase Trekking shoes for Rs. 600 UNIT 11 Question: All activities involved in selling goods or services to those buying for resale or business use is termed as Wholesaling Retailing Agency Direct sale Question: Distribution includes one of the following Segmentation Personal selling Logistics Manufacturing MARKETING MANAGEMENT Question:Customers purchase small quantities frequently from Retailer Manufacturer Wholesaler Agent Question: Air transport is more suitable when the nature of products is _________ Durable Perishable Explosive Fragile Question: SCM stands for Supply Channel Management Supply Chain Management Supplier Chain Management Seller Chain Management Question: When the company has its goods sold in as many retail outlets as possible, the distribution is called Selective Exclusive Open Intensive Question: Identify the true and false statements - A.Marketing channels provide information and communicate it. B.Marketing channels are involved in manufacturing products. A and B is true A and B is false A is false and B is true A is true and B is false Question: New Vision Cinema has entered into a business contract with a media channel namely 'TV Shot'. The agreement states that whatever movies are produced under this banner, it has to be extensively distributed by TV Shot. In this way, New Vision Cinema reduces cost on distribution and gets more publicity or exposure on the movies produced. In this above case of distributing movies, the MARKETING MANAGEMENT media channel 'TV Shot' will be considered as ____________ and New Vision Cinema's engagement with the distributor can be called as ________________________ Distributor, Distribution Management Marketer, Marketing Management Channel Partner, Partner Relationship Management Supplier, Supplier Chain Management Question:Following are the different types of retail stores EXCEPTDepartmental Convenience Speciality Agency Question:Identify the correct statement from the following Wholesalers can directly resell products to manufacturers Manufacturers can directly sell products to consumers Agents must sell to wholesalers Retailers must sell to wholesalers Question:Match the functions of logistics with its activity Match Warehousing Distributing Inventory Transportation Correct Answer Storing Right place at right time Stock-keeping Different Modes Question: Alva's firm manufactures car batteries. Mr. Saurabh purchases 100 batteries from Mr. Alva every month. Mr. Shukla purchases the batteries from Mr. Saurabh as and when required in his garage. Mr. Bose gets commission from Mr. Alva for the number of batteries he delivers to garages in other cities. Identify the roles of these people in the distribution channel. Alva - manufacturer, Saurabh - retailer , Shukla - retailer, Bose - retailer Alva - wholesaler, Saurabh - retailer, Shukla - retailer, Bose - agent Alva - manufacturer, Saurabh - wholesaler, Shukla - retailer, Bose - agent Alva - wholesaler, Saurabh - retailer, Shukla - retailer, Bose - wholesaler Question: Match the following retail units with its features - MARKETING MANAGEMENT Match Speciality store Convenience store Hypermarket Discount store Correct Answer Exclusive outlet High turnover Large capacities Low price margin UNIT 12 Question: Marketing communication mix is also called as Promotion mix Non-personal mix Personal communciation mix Marketing mix Question: Which promotional tool is the most popular in non-personal channel? Sales promotion Adverstising Personal Selling Direct Marketing Question:Expand AIDA Attention, Interest, Demand, Action Attention, Impulse, Desire, Action Attention, Interest, Desire, Action Attention, Interest, Desire, Attitude Question:Which of the following is an example for negative emotion? Happiness Pride Guilt Humour Question: In Marketing terminology, IMC when expanded is Internal Marketing Channel Integrated Marketing Channel Integrated Marketing Communication MARKETING MANAGEMENT Internal Marketing Chain Question:Direct Marketing is a __________________ channel Non-personal Personal Supply Distribution Question: In which of the following will you find Base line, Headline & sub-headline? TV ad Print ad Online ad Radio ad Question: The marketing technique that uses social networking sites on the internet for promotion or advertising is called as ________ Networking Viral Marketing Online marketing Internet advertising Question: Identify the Ad Budgeting method from the following Achiveable method Affordable method Allowance method Actionable method Question: Buzz marketing makes use of ____________ to spread the information about the products to other people. Retailers Suplliers Opinion leaders Ad agencies Question: Identify the true and false statements - MARKETING MANAGEMENT A.Pioneer ads are created when product is in decline stage of the PLC. B.Institutional ads enhances the company's image. C.Competitive ads and Comparitive ads are the same. A and B is true A is only true A and C is true B is only true Question:Match the following media with its benefits Match Outdoor Television Radio Newspapaers Correct Answer Simple format Visual effect Reach local audience Classified ads Question: Swagath Hospitality was facing serious problem regarding the quality of food at its restaruants. They had hired new cooks but food was not appreciated by the customers. However, the room service, cleanliness and facilities for the boarders was excellent and customers had no problem regarding this aspect. But, soon local newspapers carried out a small article stating that Swagath Hospitality was closing down its business becasue of no customers. What according to you is the immediate problem faced by Swagath due to this newspaper report? Bad advertising Negative publicity Media conflict No Public rel UNIT 13 Question: Personal selling involves the use of ______________ for promotion and selling the products Suppliers Sales team Sales manager Shop-keepers Question:Which of the following indicates a sales territory? A particular retail outlet A particular geographical location A specific market segment A specific sales journey MARKETING MANAGEMENT Question: Among the following external sources of Recruiting sales people, find the ODD one Educational Institution Non-competing business enterprise Existing employees Employment exchange Question:The target set for a fixed period for any sales executive is called as Sales territory Actiivty quota Sales margin Sales quota Question:When medical representatives provide information about new prouducts or medicines to the doctors or hospitals, this type of sales person is called as Inside order taker Field executives Missionary sales person Sales executive Question:When a prospect has been identified, it is called as _________ and is the 1st stage in personal selling process Lead evaluation Buyer analysis Lead generation Order generation Question:The most traditional form of direct marketing is __________________ Catalogue marketing Direct mail Online marketing Viral marketing Question:Which among the following meanings refers to Direct Marketing? Using of different media to promote and sell products MARKETING MANAGEMENT Non-usgae of any media channel to sell products Using marketing intermediaries to sell products Involving sales force to sell products Question:What is the meaning of C2C? Customer selling products to business Directly selling products to consumers Encouraging customer to sell product to another customer Businesses selling products to other business Question: Find the ODD data contained in an Application Blank Name & Age of the candidate Qualification & Experience of the candidate Name & Age of candidate's previous employer Reference & Address of the candidate Question:Identify true and false statements A.The objective of any training programme is to increase sales person's efficiency. B.A Training programme will help a salesperson to approach consumers in a better way. C.The effectiveness of a Training programme is measured by the sales volume generated by the sales team. A is false B & C is false A & C is false A, B, C is true Question: Mr. Alex is a new recruit in Jhanvi Jewellery showroom. He is not clear about showroom's jewellery products. Which information do you think is irrelevant to him among the following? Pricing of jewellery & discount options Quality & features of jewellery design Selling aspects & USP of the jewellery History about jewellery Question: Ms. Jaya Kumari is a sales person in a textile shop. She also sells some of the garments in her neighbourhood and nearby localities. Her expense raito is 3%. Last month, she has achieved sales amounting to Rs.45,000. Calculate the amount she can spend on her expenses? MARKETING MANAGEMENT Rs.3150 Rs.1350 Rs.4500 Rs.3000 UNIT 14 Question: Expand CRM Customer Retailer Management Customer Relationship Management Client Relationship Management Customer Relations Management Question: Virtual shopping refers to shopping using ___________ medium Vehicle Internet Credit card Telephone Question: The main priority of CRM is to Constantly create new customers Maintain old customers Establish long term customer relationships Manage customers till the sales incur Question: The process of acquirng new customers is called as _________ Customer profiling Customer prospecting Customer catching Customer relations Question:An advocate can be converted to a ___________. Partner MARKETING MANAGEMENT Client Member Prospect Question: Software technology also helps CRM by way of __________ Avoiding manual contacts Automating business processes Minimising records Maximising computers Question:From the following factors that make rural marketing different, find the ODD one Literacy levels Geographical distance Consumer segment Mobility of people Question:People who buy only relevant products from specific product categories of the company are called as ____________ Advocates Partners Clients Prospects Question:The essence of rural marketing is Developing marketing techniques for rural people Suiting the urban marketing strategies to rural markets Making local products available to rural markets Meeting the needs & demands of rural people Question:A traditional organisational chart is followed by mangers who believe _____________ are the key to profitability Top management Customers Front line staff Mid-level management MARKETING MANAGEMENT Question: The main challenge in Online Marketing is to create a browsing experience that makes the Customer forego the experience of _____________ Window shopping Impulsive shopping Planned shopping Physical shopping Question: Identify true and false statements: A.Service Marketing is a specialised branch of study. B.Rural Marketing is different from urban or city markets. C.Online marketing and online shopping means the same. Response: A is true B is true C is false A & C is false Question: Match the following buyer-seller exchanges with its positive and negative actions Match Use candour in language Use "we" while problem solving Accept responsibility Make recommendations Correct Answer Use accommodative language Use "You Owe Us" while talking Do the blame game Give justifications UNIT 15 Question:In Global marketing orientation, product needs across the countries are __________ Irregular Ever changing Universal Seasonal Question:The accurate terms describing "International Marketing" is Marketing goods in more than one Nation MARKETING MANAGEMENT Marketing international goods only Advertising global products in domestic market Marketing by global companies Question: Global promotion techniques should be carefully based on the colours because different countris will have different ____________ for colours. Styles Meaning Passion Names Question:Dual adaptation refers to ______________________. Product and pricing Product and communication Product and innovation Product and costs Question:When companies have identified growth potential in foreign markets for their products, then the positive step would be to Frame international marketing strategies to enter foreign markets Exit domestic markets Stop production for domestic markets Adjust products for international markets Question:A marketing strategy that does not involve any change in the product or its promotion is called as Product adaptation Product invention Product extension Communication ad Question:From the following, identify the benefit of brand standardisation Minimises losses Minimises control Minimises costs Maximises profits Question:From the following, identify the reason for companies to enter international markets - MARKETING MANAGEMENT Bored of domestic markets Domestic markets don't excite International markets is more profitable Domestic markets have matured Question:Identify the true and false statements A.Domestic market control is easier than International markets. B.A company cannot be regarded as International if it operates only in one foreign market. A is true, B is false A is false, B is true A and B is true A and B is false Question: When an international company invests equal amounts as the domestic company, then it is called as ___________ Contract manufacturing Direct investment Joint Ownership Management contracting Question: Match the following terms with examples Match Country of origin Domestic Market extension Ambiguous country of origin label Top International brand Correct Answer Made in France The World's local Bank Made for India Coca-Cola Question:Identify true and false statements A.Government efficiency will influence international market entry strategies. B.Exporting is a common method of entering international markets. C.Licensing is required only for technological products. A is only true B is only true C is only true A and B is true Question: Country evaluation before entering international markets is done by identifying which of the following characteristics? MARKETING MANAGEMENT Country's geographical structure Country's historical background Country's consumption patterns Country's climate