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Marketing Principles
Test Description: This simple but hard test will tell what you have learned and what you need to learn.
Instructions: Answer all questions to get your test result.
1) What is FMDM used for?
A
Distributing products around the world.
B
Find out what the market demand is.
C
To help those in financial needs.
D
To target financial products for specific market.
2) What are some of the seven functions of marketing?
A
Transportation, Market Demand, and Time Management
B
Pricing, Advertisement, and Product Planning
C
Distribution, Product Delivery, and Financing
D
Product Planning, Marketing Information Management, and Pricing
3) ________are tangible items that has monetary value and that satisfy your needs.
A
Fishing
B
Consumer Happiness
C
Goods
D
Distribution
4) What does the Marketing Concept mean?
A
is to manage a business.
B
is to know the process of a managing a business.
C
is to understand the principal of marketings.
D
is the idea that a business should strive to satisfy customers' need while generating a profit.
5) What does CRM stand for?
A
Customer Relationship Management
B
Culinary Request Market
C
Central Realism Management
D
Control Remote Mice
6) What does Form Utility do?
A
involve changing raw materials or putting parts together to make them more useful.
B
to show how to put parts together.
C
to differentiate between a wheel and an axel
D
to change one part into complex parts.
7) Which market does business-to-business belong to?
A
Consumer Market
B
Target Market
C
Private Market
D
Industrial Market
8) To develop a clear picture of their target market, businesses create a __________.
A
consumer interest.
B
hiearchy of the wealthy.
C
customer profile.
D
to introduce customers to a new product.
9) ___________ is it's percentage of the total sales volume generated by all companies that compete in a given market.
A
Market Share
B
Marketing Management
C
Fishing Share
D
Industrial Competition
10) ________is the process of planning, pricing, and other functions of marketing.
A
Product Planning
B
Marketing
C
Distribution
D
Financing
*select an answer for all questions
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