Monday, April 18, 2011

MARKETING APTITUDE PRACTICE QUESTIONS

1. Regulations that arise to ensure that firms take responsibility for the social costs of their products or production processes stem from which reason for government legislation of business?
(a) To protect companies from each other
(b) To protect consumers from unfair business practices
(c) To protect the interests of society
(d) To protect businesses from unfair consumer demands
Ans : C

2. A “three-day cooling off period” in which buyers can cancel a contract after re-thinking it is to protect the consumer from:
(a) creative selling
(b) high pressure selling
(c) detail selling
(d) hard core selling
Ans : B

3. One of the most promising developments in multivariable segmentation is called _____ where a host of demographic and socioeconomic factors are used
(a) terragraphic segmentation
(b) fermagraphic segmentation
(c) geothermy segmentation
(d) geodemographic segmentation
Ans : D

4. One of the most common problems with using internal database information is that :
(a) since it was probably collected for some other purpose, it may be incomplete or wrong.
(b) it is usually expensive to retrieve.
(c) top executives are usually unwilling to relinquish data, therefore, the data has limits.
(d) the data is almost always unsecured and therefore, suspect as to reliability
Ans : A

5. The last stage in the selling process is the _____ stage.
(a) approach
(b) handling objections
(c) closing
(d) follow-up
Ans : D

6. When Coca-Cola and Nestle formed a joint venture to market a ready-to-drink coffee and tea worldwide, the type of marketing system that was formed would best be described as being a(n):
(a) vertical marketing system
(b) parallel marketing system
(c) diversified marketing system
(d) horizontal marketing system
Ans : D

7. The major advantage of survey research is its :
(a) simplicity
(b) structure
(c) organization
(d) flexibility
Ans : D

8. The _____ holds that consumers will favor products that are available and highly affordable (therefore, work on improving production and distribution efficiency)
(a) product concept
(b) production concept
(c) production cost expansion concept
(d) marketing concept
Ans : B

9. A ____ is any activity or benefit offered for sale that is essentially intangible and does not result in the ownership of anything
(a) demand
(b) basic staple
(c) product
(d) service
Ans : D

10. _____ is a person’s distinguishing psychological characteristics that lead to relatively consistent and lasting responses to his or her own environment
(a) Psychographics
(b) Personality
(c) Demographics
(d) Lifestyle
Ans : B

11. The place in the business buying behavior model where interpersonal and individual influence might interact is called the
(a) environment
(b) response
(c) stimuli
(d) buying center
Ans : D

12. The course of a product’s sales and profits over its lifetime is called
(a) the sales chart
(b) the dynamic growth curve
(c) the adoption cycle
(d) the product life cycle
Ans : D

13. When companies make marketing decisions by considering consumer’s wants and the long-run interests of the company, consumer, and the general population, they are practicing which of the following principles?
(a) Innovative marketing
(b) Consumer-oriented marketing
(c) Value marketing
(d) Societal marketing
Ans : D

14. All of the following are thought to be sources if new product ideas EXCEPT.
(a) internal sources
(b) customers
(c) competitors
(d) the local library
Ans : D

15. If Honda uses its company name to cover such different products as its automobiles, lawn mowers, and motorcycles, it is practicing which of the following strategies?
(a) new brand strategy
(b) line extension strategy
(c) multibrand strategy
(d) brand extension strategy
Ans : D

16. If a company (considering its options on the product/market expansion grid) chooses to move into different unrelated fields (from what it has ever done before) with new products as a means to stimulate growth, the company would be following which of the following general strategies?
(a) market penetration
(b) market development
(c) product development
(d) diversification
Ans : D

17. When a marketing research organization chooses a segment of the population that represents the population as a whole, they have chosen a _____
(a) group
(b) bi-variant population
(c) sample
(d) market target
Ans : C

18. Joining with foreign companies to produce or market products and services is called
(a) direct exporting
(b) indirect exporting
(c) licensing
(d) joint venturing
Ans : D

19. If advertising constantly sends out messages about materialism, sex, power, and status, which of the following categories of social criticism most closely matches this problem?
(a) Too much advertising
(b) Too few social goods
(c) Cultural pollution
(d) Too much political power
Ans : C

20. A(n) ____ is a name, term, sign, symbol, or design, or a combination of these that identifies the marker or seller of a product or service.
(a) product feature
(b) sponsorship
(c) brand
(d) logo
Ans : C

21. If an advertiser wants flexibility, timeliness, good local market coverage, broad acceptability and high believability, the advertiser will probably choose which of the following mass media types?
(a) Newspapers
(b) Television
(c) Direct Mail
(d) Radio
Ans : A

22. When producers, wholesalers, and retailers as a unified system, they comprise a
(a) conventional marketing system
(b) power-based marketing system
(c) horizontal marketing system
(d) vertical marketing system
Ans : D

23. The type of trade-promotion discount in which manufacturers agree to reduce the price to the retailer in exchange for the retailer’s agreement to feature the manufacture’s products in some way is called
(a) discount
(b) allowance
(c) premium
(d) rebate
Ans : B

24. The study of human populations in terms of size, density, location, age, gender, race, occupation, and other statistics is called :
(a) Geothermy
(b) Demography
(c) Ethnography
(d) Hemos-popography
Ans : B

25. Today, advertising captures about ___ percent of total promotion spending
(a) 15
(b) 23
(c) 29
(d) 33
Ans : B

26. The process that turns marketing strategies and plans into marketing actions in order to accomplish strategic marketing objectives is called :
(a) Marketing strategy
(b) Marketing control
(c) Marketing analysis
(d) Marketing implementation
Ans : D

27. The goal of the marketing logistics system should be to provide :
(a) a targeted level of promotional support.
(b) a targeted level of customer service at the least cost.
(c) a targeted level of transportation expense ratio.
(d) a targeted level of field support.
Ans : B

28. The practice of going after a large share of a smaller market or subsets of a few markets is called :
(a) undifferentiated marketing
(b) differentiated marketing
(c) concentrated marketing
(d) turbo marketing
Ans : C

29. The shrinking of distances due to technological advance such as computer and fax connections by telephone, are one characteristic of what new challenge to marketing?
(a) Rapid globalization
(b) The changing world economy
(c) The call for more socially responsible marketing
(d) The micro-chip revolution
Ans : A

30. If Mark Mars pays Hershey Foods Corporation for the right to use their name on his line of T-shirts, then Mr. Mars is using which type of branding?
(a) Licensed brand
(b) Manufacturer’s brand
(c) Private brand
(d) Co-brand
Ans : A

31. If your company were to make light bulbs to be used in photocopies, you would most likely be selling to a ______ market.
(a) reseller
(b) business
(c) government
(d) service
Ans : B

32. _____ has the advantage of being high in selectivity; low cost, immediacy, and interactive capabilities
(a) Direct Mail
(b) Outdoor
(c) Online
(d) Radio
Ans : C

33. If your company were to make a product such as a suit of clothes and sold that product to a retailer, your company would have sold to the _______market.
(a) reseller
(b) business
(c) government
(d) service
Ans : A

34. In 1985, the Coca-Cola Company made a classic marketing blunder with its deletion of its popular Coca-Cola product and introduction of what it called New Coke. Analysts now believe that most of the company’s problems resulted from poor marketing research. As the public demanded their “old Coke” back, the company relented and reintroduced Coca-Cola Classic (which has regained and surpassed its former position) while New Coke owns only 0.1 percent of the market. Which of the following marketing research mistakes did coca-Cola make?
(a) They did not investigate pricing correctly and priced the product too high.
(b) They defined not investigate dealer reaction and had inadequate distribution.
(c) They defined their marketing research problem too narrowly
(d) They failed to account for the Pepsi challenge taste test in their marketing efforts
Ans : C

35. Marketers are sometimes accused of deceptive practices that lead consumers to believe they will get get more value than they actually do. ____ includes practices such as falsely advertising “factory” or “wholesale” prices or a large price reduction from a phony high retail price.
(a) Deceptive promotion
(b) Deceptive packaging
(c) Deceptive pricing
(d) Deceptive cost structure
Ans : C

36. The advantages of audience selectivity, no ad competition and personalization apply to which type of media?
(a) Newspapers
(b) Television
(c) Direct Mail
(d) Radio
Ans : C

37. The first modern environmental movement in the United States began in theAns :
(a) 1940s
(b) 1950s
(c) 1960s and 1970s
(d) mid 1980s
Ans : C

38. Costs that do not vary with production or sales levels are called :
(a) fixed costs
(b) variable costs
(c) standard costs
(d) independent costs
Ans : A

39. Each salesperson is assigned to an exclusive area in which to sell the company’s full line of products or services in which type of sales force structure?
(a) Territorial sales force
(b) Product sales force
(c) Customer sales force
(d) Hybrid sales force
Ans : A

40. Techonological advances, shifts in consumer tastes, and increased competition, all of which reduce demand for a product are typical of which stage in the PLC?
(a) decline stage
(b) introduction stage
(c) growth stage
(d) maturity stage
Ans : A

41. Setting the promotion budget so as to match the budgets of the competition is characteristic of which of the following budget methods?
(a) Affordable method
(b) Percentage-of-Sales method
(c) Competitive-and-parity method
(d) Objective -and-task method
Ans : C

42. ____ is screening new-product ideas in order to spot good ideas and drop poor ones as soon as possible.
(a) Idea generation
(b) Concept development and testing
(c) Idea screening
(d) Brainstorming
Ans : C

43. The type of sales force structure in which the sales force sells along product lines is called a
(a) territorial sales force
(b) product sales force
(c) customer sales force
(d) retail sales force
Ans : B

44. A company is in the _____ stage of the new product development process when the company develops the product concept into a physical product in order to assure that the product idea can be turned into a workable product.
(a) product development
(b) commercialization
(c) marketing strategy
(d) business analysis
Ans : A

45. When personal interviewing involves inviting six to ten people to gather for a few hours with a trained interviewer to talk about a product, service, or organization, the method is called :
(a) selective sponsorship
(b) probing
(c) focus group interviewing
(d) the Delphi method
Ans : C

46. All of the following factors can affect the attractiveness of a market segment
EXCEPT :
(a) the presence of many strong and aggressive competitors
(b) the likelihood of government monitoring
(c) actual or potential substitute products
(d) the power of buyers in the segment
Ans : B

47. If a government uses barriers to foreign products such as biases against a foreign company’s bids, or product standards that go against a foreign company’s product features, the government is using
(a) protectionism
(b) exchange controls
(c) exchange facilitators
(d) non-tariff trade barriers
Ans : D

48. The choice between high markups and high volume is part of which of the following retailer marketing decisions?
(a) Target market decisions
(b) Product assortment and services decisions
(c) Pricing decisions
(d) Promotion decisions
Ans : C

49. One common misuse of marketing research findings in contemporary business is the tendency for marketing research to :
(a) become a vehicle for pitching the sponsor’s products
(b) become a vehicle for discriminating in the marketplace
(c) become a means for raising prices
(d) become a means for unfair competition
Ans : A

50. The most logical budget setting method is found in the list below. Which is it?
(a) Affordable method
(b) Percentage-of-Sales method
(c) Competitive-parity method
(d) Objective-and-task method
Ans : D

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1 comment:

  1. proApril 19, 2011 at 8:53 AM

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CURRENT AFFAIRS PREPARATION PLAN

“Current Affairs” and “General Knowledge” cover many topics like from economy to sports or education to politics, or even technology to automobiles. In every second some issues are happening around the world in these sectors, and to accumulate the excerpt of some highlighted news, and memorize it is a good plan to prepare current affairs and GK.

Some Important Tips to Follow:

Read Newspapers regularly

We all know that “Old is Gold”, same thing applies here too. We need to make a habit of reading newspapers regularly. I’ll suggest you to read more than one newspaper. It will be better if you read one newspaper of your mother language, and other of English. Some useful newspapers are “The Times of India”, “The Hindu”, “The Telegraph” etc. You need to start this habit at least 6 months before the actual exam that will help you to get access to all the important events of that period of time.

You need to keep an eye on what’s happening around you in your country and world as well. Trust me guys, you will surely find it interesting after several days. We all know that staying updated is always a good idea, as it will stand you apart from the rest.

Read Magazines thoroughly

This is another great option to prepare the subject we are talking about. There are many leading magazines that focus on current affairs and General Knowledge. You need to buy it from your local magazine seller, and start reading it thoroughly. These magazines beautifully categorize the articles with its genres to make it interesting to read on. Some of the useful magazines are Pratiyogita Darpan andManorma.

Try to read some business magazines and sports magazines too along with a general magazine. This will increase your chances of cracking the competitive exams with ease. Some useful business magazines areBusiness Today, Business Line etc.

Follow News Channels

You will need to follow news channels at least once a day. Now most of the leading news channels are active for 24*7. You need to pick up a suitable time for yourself to watch any favorite news channel of yours. You can watch ABP News, NDTV, Times Now, ET Now, Zee News etc. Try to go through all the breaking and highlighted news, and make it a habit.

I know that watching news channels for long will bore you, so I’ll suggest you to allocate only 30 minutes for it in a whole day. All the leading ones shows the glimpses of all important events of the day quite frequently, so 30 minutes will be enough for you to boost up your current affairs and GK knowledge.

Maintain a Diary

My teacher used to tell me that whenever you learn something try to write it down in your diary, as it will help you to memorize it in a better manner. He is so right, as this method helped me a lot to score good marks in every exam that I appeared for. As I already mentioned before that a lot of events are occurring in the country and around the world, so it is easily understandable that it is not easy to remember everything. It’s always a superb idea to maintain a diary of current events.

You need to update this diary on a daily basis with all the events that you consider as important ones. This diary will become quite useful for the revision part, as it will provide you information about all the important events at a place. You should keep revising the diary frequently, as it will help you to memorize important names, dates, awards etc.

Channelize your Preparation Accordingly

All the competitive exams are not same, as all of them have different pattern, even when it comes to the same topic as ‘Current Affairs’ or ‘GK’. For example for civil services exam, you need to give importance on events of National value. On the other scenario, in matter of bank job exam, the focus should be on the news on banking sectors, and economic and business news.

Thus I’ll suggest you to prepare as per the exams you are appearing for, as channelizing your preparation according to the pattern of the exam will accelerate your chance of getting selected.

Use Internet Resources

“Google, YouTube and Wikipedia are my favorite teachers’; one of my friends told me this once. This is quite true indeed, so you should use all the available online resources to study current affairs and GK for exams. For example this blog is all about “Current Affairs”, so you can check this blog regularly by subscribing to us (check the sidebar for subscription options). You can actively take part some forums that are focusing on current events. The good part is you can follow the websites of all leadingnewspapers online if you don’t have enough time to read newspapers.

Use Social Networking Sites for Good

Believe me or not you can surely use social networking sites to your benefits. Especially to prepare current affairs and General knowledge Facebook, Twitter, LinkedIn and StumbleUpon may help you a lot. You can join some Facebook pages, or follow some twitter accounts that are related to current affairs. You can join our Facebook Page too for this matter, or connect with me at LinkedIn or circle me in Google Plus for all the information on recent happenings to boost up your General Knowledgeability.

Give Priority to your Strength

We usually find difficulties when we try to learn everything at once. In that process basically we study a lot, but remember a little. We need to first select our strength areas for our preparation. Try to givepriority to your strength areas. It may be Sports, economy, Government Affairs or technology. Suppose you are applying for Bank exams, then you should prepare industry related news. Along with that you may pick any 2-3 areas of your strength like sports or technology. You need to prepare these sections to the utmost level. I can assure you that these strategies will help you to score much better in Current Affairs section.

Participate in Online Quizzes

You should participate in some free quizzes that are available online to evaluate yourself. For this matter you can easily access our “Quiz Section”. This will give you proper idea whether you are ready for the big exam day or not. As an added factor it will also provide you confidence i.e. very much essential. You can download Monthly-wise current affairs questions from Here.