STRATEGIC MARKETING 200 Questions |
Answers & Rationales
Exam Blueprint:
Marketing Strategy & Planning (20%) – 40 Qs
Consumer Behavior & Market Research (20%) – 40 Qs
Segmentation, Targeting & Positioning (STP) (15%) – 30 Qs
The Marketing Mix (4Ps) (25%) – 50 Qs
Digital & Social Media Marketing (10%) – 20 Qs
Branding & Marketing Metrics (10%) – 20 Qs
Time limit (simulated): 2.5 hours (0.75 min/question)
Passing threshold: 70% (140/200)
SECTION 1: MARKETING STRATEGY & PLANNING (Questions 1–40)
1. Marketing is defined as:
A) The process of creating, communicating, delivering, and exchanging
offerings that have value for customers, clients, partners, and society at large
B) Only advertising and selling
C) Distribution logistics
,D) Financial planning Answer: A
Rationale: The American Marketing Association's definition emphasizes
value creation and exchange.
2. The marketing concept is a philosophy that:
A) Focuses on selling as many products as possible
B) Holds that achieving organizational goals depends on knowing the needs
and wants of target markets and delivering satisfaction more effectively than
competitors
C) Prioritizes production efficiency over customer needs
D) Ignores competitors Answer: B
Rationale: The marketing concept is customer-centric and competitive.
3. A marketing strategy should Answer which fundamental question?
A) How will we produce the product?
B) Which customers will we serve (target market) and how will we create
value (value proposition)?
C) How will we finance operations?
D) What is the legal structure of the company? Answer: B
Rationale: Marketing strategy is about selecting target markets and
developing a value proposition.
4. The marketing mix (4Ps) consists of:
A) Product, Price, Place, Promotion
,B) People, Process, Physical evidence, Promotion
C) Planning, Pricing, Placement, Publicity
D) Product, Production, Price, Promotion Answer: A
Rationale: The 4Ps are the controllable tactical marketing tools.
5. Which of the following is NOT one of the 4Ps?
A) Packaging
B) Price
C) Place (distribution)
D) Promotion Answer: A
Rationale: Packaging is part of Product, but the 4Ps are Product, Price, Place,
Promotion.
6. Ansoff's Matrix identifies four growth strategies. Which strategy involves
selling existing products to existing markets?
A) Market penetration
B) Market development
C) Product development
D) Diversification Answer: A
Rationale: Market penetration seeks to increase sales of current products to
current markets.
7. Which growth strategy involves selling new products to new markets?
A) Diversification
, B) Market penetration
C) Market development
D) Product development Answer: A
Rationale: Diversification carries the highest risk.
8. A SWOT analysis examines:
A) Strengths, Weaknesses, Opportunities, Threats
B) Strategy, Workflow, Operations, Tactics
C) Sales, Wins, Objectives, Targets
D) Segmentation, Targeting, Positioning, Promotion Answer: A
Rationale: SWOT is an internal (Strengths/Weaknesses) and external
(Opportunities/Threats) analysis.
9. Which of the following is an internal factor in a SWOT analysis?
A) Strength
B) Opportunity
C) Threat
D) Market trends Answer: A
Rationale: Strengths and Weaknesses are internal; Opportunities and
Threats are external.
10. PESTEL analysis examines macro-environmental factors including:
A) Political, Economic, Social, Technological, Environmental, Legal