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Question 1
A company conducts research to understand customer preferences before
launching a new product. What type of research is this?
A. Secondary research
B. Exploratory research
C. Primary research
D. Observational research
Answer: C
Primary research involves collecting original data directly from sources to address
a specific problem.
Question 2
Which element of the marketing mix focuses on how a product reaches the
customer?
A. Product
B. Price
,C. Place
D. Promotion
Answer: C
Place refers to distribution channels and how products are delivered to
consumers.
Question 3
A business lowers prices temporarily to increase sales volume. This is an
example of:
A. Price skimming
B. Penetration pricing
C. Promotional pricing
D. Psychological pricing
Answer: C
Promotional pricing uses temporary price reductions to stimulate demand.
Question 4
Which stage of the product life cycle is characterized by rapid market acceptance
and increasing profits?
A. Introduction
B. Growth
C. Maturity
D. Decline
Answer: B
The growth stage features increasing sales and profits as the product gains
acceptance.
Question 5
A SWOT analysis evaluates:
,A. Sales and revenue trends
B. Strengths, weaknesses, opportunities, and threats
C. Market share and competition
D. Organizational structure
Answer: B
SWOT identifies internal (strengths/weaknesses) and external
(opportunities/threats) factors.
Question 6
Market segmentation divides a market based on:
A. Pricing strategies
B. Customer characteristics
C. Advertising channels
D. Product features
Answer: B
Segmentation groups consumers by demographics, psychographics, or behavior.
Question 7
Which pricing strategy sets a high initial price to maximize profits from early
adopters?
A. Penetration pricing
B. Competitive pricing
C. Price skimming
D. Cost-plus pricing
Answer: C
Price skimming targets early adopters willing to pay more.
Question 8
A retailer places essential goods at the back of the store to encourage additional
, purchases. This is an example of:
A. Visual merchandising
B. Store layout strategy
C. Product bundling
D. Inventory control
Answer: B
Store layout influences consumer movement and buying behavior.
Question 9
Which communication channel is considered non-personal?
A. Face-to-face sales
B. Phone calls
C. Television advertising
D. Personal email
Answer: C
Television advertising is a mass communication channel.
Question 10
What is the primary goal of branding?
A. Reduce production costs
B. Differentiate products
C. Increase distribution
D. Lower prices
Answer: B
Branding creates unique identity and differentiation in the market.
Question 11
A company collects data from government publications. This is:
A. Primary data