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NEW Marketing 1.03
Test Description: 1.03
Instructions: Answer all questions to get your test result.
1) What is the most important component of an effective business letter?
A
Opening
B
heading
C
message
D
address
2) What is one reason why an employee might write a business letter?
A
To apply for personal credit
B
To accept a social invitation
C
To communicate with friends
D
To sell goods and services
3) What does a business need in order to understand why a product that has been a strong seller for a long time is now losing popularity?
A
Sales records
B
Marketing information
C
Secondary data
D
Purchasing documents
4) What is one reason why an employee might write a business letter?
A
To sell goods and services
B
To accept a social invitation
C
To communicate with friends
D
To apply for personal credit
5) What does a business need in order to understand why a product that has been a strong seller for a long time is now losing popularity?
A
Secondary data
B
Marketing information
C
Purchasing documents
D
Sales records
6) XYZ Company noticed that the sales of iPads in blue have increased in sales. What can be the business determine about the iPads?
A
Popular products
B
economic resources
C
research methods
D
competitors' activities
7) What type of marketing data can a business obtain by reviewing its inventory reports and customers' invoices?
A
Customers' product preferences
B
Actual market share
C
Customers' credit limits
D
Product quality
8) What does continuously monitoring internal marketing information enable businesses to do?
A
Identify problems
B
Evaluate market share
C
Analyze economic changes
D
Investigate competitors
9) What type of internal report would indicate to a business that sales for a specific product have dramatically dropped over the past three months?
A
Annual income statement
B
Quarterly inventory status
C
Market demographics analysis
D
Accounts-payable summary
10) By monitoring its sales and its customers' buying habits, what is a business often able to identify?
A
Economic resources
B
Popular products
C
Competitors' activities
D
Research methods
11) What is one way that many businesses use the marketing information contained in sales reports?
A
To monitor expense accounts
B
To improve the effectiveness of salespeople
C
To develop negotiating techniques
D
To qualify potential new customers
12) Manny has a new idea for a new cleanser that would decrease the time in cleaning tiled floors. He thinks this product would be better than any cleanser currently on the market. Which of the four Ps should these investors consider first?
A
Product
B
Promotion
C
Price
D
Place
13) To promote its summer menu, Danielle's Cafe plans to e-mail a $5.00-off coupon to its regular customers next Tuesday. The coupon will be valid from June 1 through June 15. What does use of the coupon represent?
A
Trend
B
Strategy
C
Tactic
D
Goal
14) A business determines that it can increase its market share 12 percent by promoting its goods and services to Hispanic females who are 18 to 34 years old. How is the business segmenting the market?
A
geographics
B
behavioral
C
demographics
D
psychographics
15) What is the overall reason that marketing strategies are designed and implemented?
A
Improving management techniques
B
Increasing business
C
Changing the image of the business
D
Achieving planned goals
16) Which market segment do customers in cold climates who need snow shovels and snow blowers represent?
A
occupational
B
behavioral
C
Geographic
D
psychographic
17) Which market segment do customers that prefer reasonably priced recreational activities that include a variety represent?
A
psychographic
B
geographic
C
occupational
D
behavioral
18) Highway 1 Restaurant allows customers the opportunity to enter drawings in order to win a birthday cake. Customers register by providing their contact information on a card. What does entering the drawings represent?
A
strategy
B
goal
C
trend
D
Tactic
19) Dennis has a great idea for a new type of tennis ball that, if produced, would be better than any ball currently on the market. He pitches his idea to a few investors. Which of the four Ps should these investors consider first?
A
promotion
B
product
C
place
D
price
*select an answer for all questions
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