Marketing Quiz - 1 with Answers

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1. For effective marketing the salesmen should have which of these qualities‐ (1) Creativity (2) Team spirit (3) Motivation (4) Effective communication skill (5) All of these

Ans: 5

2. Market Research is needed for‐ (1) Deciding the market area (2) Deciding the right‐product to be sold. (3) Making proper marketing decisions (4) Deciding right time to sell (5) All of these

Ans: 5

3. Which of the following statement is true‐ (1) Marketing makes the company to go into loss due to higher expense (2) Marketing is not required in profitmaking companies (3) Marketing sharpens the mind of the employees (4) Marketing is wastage of time. (5) All of these

 Ans: 3

4. Marketing plan helps in‐ (1) Better lead generation (2) Better systems (3) Better results (4) Better customer service (5) All of the above

Ans: 5

5. Motivation means‐ (1) Inspiring employees to perform better (2) Better communication skills (3) Sales coaching (4) Market research (5) None of these

 Ans: 1

6. In a Marketing process in today's world‐ (1) Only standard products are sold (2) The seller needs to have product knowledge (3) The seller should ensure customer satisfaction (4) Only quantum of sales matters. (5) All of these

Ans: 3
7. Sale forecasting involves‐ (1) Sales planning (2) sales pricing (3) Distribution channel (4) Consumer Tastes (5) All of these

 Ans: 5

8. In addition to product, price, promotion, the augmented marketing mix for services include all of the following EXCEPT; (1) People (2) Packaging (3) Process (4) Physical evidence (5) Both 1 and 2 Ans: 2

9. The following does not represent a market situation‐ (1) A bank run dispensary located in its, staff quarters. (2) A fund raising charity show for the members of an NGO (3) A meditation camp of a religious organization concluded for its members. (4) A stall distributing Kada Prasad in a Gurudwara (5) All of these

Ans: 4

10. The following offering is not a service‐ (1) Fixed deposit receipt (2) Postage stamp (3) Insurance policy (4) Gift coupon of the chain store. (5) All of these

Ans: 4

11. The act of obtaining a desired object from someone by offering some in return is called as a‐ (1)  Transaction (2) Exchange (3) Relationship (4) Value (5) None of these
 Ans: 2

12. Goods that are typically bought by consumer based on a comparison of suitability, quality price and style are called‐‐‐‐‐‐‐‐‐‐‐‐ goods‐ (1) Industrial (2) Specialty (3) Shopping (4) Convenience (5) None of these

Ans: 3

13. Out of the following ‐‐‐‐‐‐ is not an objective of pricing‐ (1) Profit (2) Stabilizing demand an sales of the product (3) Improvement in product quality (4) Expansion of business. (5) All of these

Ans: 4

14. Out the following ‐‐‐‐‐‐‐ is not the three level of the product‐ (1) Core (2) Symbolic (3) Augmented (4) fragmented (5) None of these

Ans: 4

15. Of the following pricing methods‐‐‐‐‐ is not for new product‐ (1) Market skimming (2) Penetration (3) Discriminatory pricing (4) None of these (5) All of the above

 Ans: 1

16. In market skimming pricing strategy‐‐‐ (1) Initially price is lower than it is reduced (2) Initially price is higher than it is reduced (3) Initial price is high and is maintained high (4) None of these (5) All of these

Ans: 2

17. Bank of Mathura is offering higher interest‐ratio on fixed deposit to senior citizens of 60 years and above‐ It is practicing‐ (1) Promotional pricing (2) Psychological pricing (3) Segmental pricing (4) Product mix pricing (5) All of these

Ans: 3

18. With‐‐‐‐ pricing, the products are priced below list price (or even cost) for a temporary period to create buying urgency‐ (1) Reference (2) By‐product (3) Promotional (4) Market penetration (5) All of these

 Ans: 3

19. The last stage in selling process‐ (1) approach (2) handling objections (3) closing (4) follow up (5) All of these

Ans: 4

20. The Major advantage of survey research is its‐ (1) Simplicity (2) Structure (3) Organization (4) flexibility (5) All of these

 Ans: 4

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