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MIDTERM EXAMINATION Spring 2010 MKT501- Marketing Management Q1 ( Marks: 1 ) - Please choose one The skimming, penetration, bargaining and discounts are included in which of the following marketing mix strategy? (a) Product decisions (b) Price decisions (c) Place decisions (d) Promotion decisions Q2 ( Marks: 1 ) - Please choose one The marketing plan is one of the most important outputs of:
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(c) Convenience
(d) Shopping Q8 ( Marks: 1 ) - Please choose one Which of the following goods are purchased without any planning or search effort? (a) Emergency (b) Specialty
(c) Impulse
(d) Shopping Q9 ( Marks: 1 ) - Please choose one Highest percentage of ideas for new products originates with/from which of the following sources?
(b)Management analysis
(c) Cost analysis (d) Sales forecast Q11 ( Marks: 1 ) - Please choose one ABC Company is engaged in new product development process. After idea generation, screening, concept development and going through the business analysis. Identify the next step of the company. (a) Home-placement testing (b) Consumer testing
(b)Focus groups
(c) Target customers (d) Employees Q13 ( Marks: 1 ) - Please choose one Which of the following is NOT one of the stages that customers go through in the process of adopting a new product?
(a) Desire
(b) Awareness (c) Evaluation (d) Interest Q14 ( Marks: 1 ) - Please choose one
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Which product is MOST likely to be purchased through routine decision making? (a) Television set
(b)Soft drink
(c) Shirt (d) Car Q15 ( Marks: 1 ) - Please choose one Which of the following is less likely to damage reputations of a brand if a new product fails? (a) Individual branding (b) Overall family branding (c) Line family branding
(b)77
(c) 55 (d) 25 Q18 ( Marks: 1 ) - Please choose one Which of the following is an indicator of high quality of the product? (a) Psychological price (b) Penetration price
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(c) The buyer must pay within 10 days of receipt of goods but will receive 3% discount if paid in 40 days
(d)The buyer must pay within 40 days of receipt of goods but will receive 3% discount if paid in 10 days
Q21 ( Marks: 1 ) - Please choose one Which of the following pricing is used to maximize the company's market share? (a) Cost-orientated pricing (b) Psychological pricing
(b)Convenience
(c) Unsought (d) Pharmaceuticals Q23 ( Marks: 1 ) - Please choose one Which of the following discourages the entry of competitors as well as low prices act as a barrier to entry? (a) Cost-orientated pricing (b) Psychological pricing
(d)Loss leader
Q26 ( Marks: 1 ) - Please choose one A company wants to maximize market share, assuming that market is price sensitive. What pricing strategy you would suggest for the company to achieve this objective? (a) Cost- oriented pricing (b) Skimming pricing (c) Premium pricing
(d)Penetration pricing
Q27 ( Marks: 1 ) - Please choose one Many companies try to set a price that will maximize current profit. This strategy assumes that company has knowledge of its: (a) Cost and production function
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Q28 ( Marks: 1 ) - Please choose one Which of the following markets require developing a superior product and packaging along with continuous advertising?
(b)Export market
(c) Government market (d) Consumer market Q31 ( Marks: 1 ) - Please choose one Which of the following are value maximizers?
(a) Customers
(b) Sellers (c) Marketers (d) Manufacturers Q32 ( Marks: 1 ) - Please choose one Identify which one is an ancillary service.
(a) Delivery
(b) Promotion (c) Labeling (d) Packaging Q33 ( Marks: 1 ) - Please choose one Which of the following concepts is used when a company wants to expand the market?
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(d)Market analysis
Q37 ( Marks: 1 ) - Please choose one If a bakery business bought a wheat farm in order to reduce the risk associated with the dependency on flour. Identify the type of integration.
(b)Market nicher
(c) Market leader (d) Market follower Q40 ( Marks: 1 ) - Please choose one An elaborated version of the idea expressed in the meaningful consumer terms, describes which of the following? (a) Product screening (b) Product test
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