ATTENTION:
Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.
Good luck!
MKT108
1 / 50
1. _______ is used to refer to the various intermediaries who help in moving the product from the producer to the consumer
2 / 50
2. The Auxiliary Function of Marketing consists of Marketing Finance, Risk Bearing and __________
3 / 50
3. The following are the part of the four main pillars of the marketing concept, except; ________
4 / 50
4. __________ goods are bought by final consumers for personal consumption.
5 / 50
5. The agent middlemen that are usually large institutions with marketing facilities are called _________
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6. ___________ are products that consumers insist on having.
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7. __________ goods are those bought by individuals and organizations for further processing a business.
8 / 50
8. ________ are types of industrial goods that form part of finished items such as shirts, radio and batteries for cars.
9 / 50
9. Financing is made up of a number of _______ known as marketing functions.
10 / 50
10. There are important differences between ultimate _______and industrial users, their ways and means of purchasing differs considerably.
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11. There are __________ number of participants in the buying process.
12 / 50
12. __________is concerned with setting certain standards/ levels to accomplish the produced goods.
13 / 50
13. ___________ are merchant middlemen that take title to the goods they sold.
14 / 50
14. ________ products generally involve high value purchases and competitive bidding based on price competition.
15 / 50
15. Financing is made up of a number of _______ known as marketing functions.
16 / 50
16. Strategic planning looks beyond immediate circumstances, trying to __________ market conditions five or ten years into the future.
17 / 50
17. The __________ concept rests on four main pillars
18 / 50
18. __________ behaviour is hardly traceable to only one characteristic.
19 / 50
19. Ultimate consumers buy goods or services for their own personal or household use, and are satisfied strictly non-_____wants.
20 / 50
20. The social approach focuses on the _________ created by various marketing activities and institutions.
21 / 50
21. The _______ planning process rests on two important concepts.
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22. Marketing evolves from this last approach to acquiring products i.e. _____.
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23. In ___________segmentation, buyers are divided into groups on the basis of their knowledge of, attitude toward, use of, or response to a product.
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24. __________is the statistical study of human population and its distribution characteristics.
25 / 50
25. Marketing research is the first step taken by any ……………………... before investing his money in business
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26. ________are major capital items that form the main assets of the production firms.
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27. Most new and recently introduced goods can be classified as __________ goods.
28 / 50
28. ________concept holds that consumers will favour products that offer the most quality.
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29. __________form the major parts of the finished items.
30 / 50
30. One major objective of international research is to discover new _______ opportunities.
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31. __________ is the part of the buying merchandise which is resold in the same form without physical changes made on them.
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32. Kotler (1984) states that for exchange to take place, it must satisfy _____ number of conditions
33 / 50
33. ___________is a state of felt deprivation.
34 / 50
34. Product planning and development are part of the __________ function in marketing.
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35. _________decides on the level of stock to hold and the quantity to buy and which stores will carry various lines.
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36. Marketing is also concerned with product _______and design since a product must suit the needs and wants of the consumer.
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37. Marketing Finance, Risk bearing and Market Information are all part of the ________ function.
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38. ______ marketing planning in an organization leads to the preparation of an annual marketing plan
39 / 50
39. A company's marketing ______ often operates within the framework of forces, which constitutes the system's environment
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40. Marketing channels can be described by the number of ________ involved.
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41. There are ________ distinct product life cycle stages:
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42. ______ defined marketing as a total system of business activities designed to plan, price, promote and distribute want-satisfying goods and services to present and potential customers
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43. _________are the people/devices that inform, persuade and stimulate the buyer at any point of the buying process.
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44. _______ is the only element in the marketing mix that produces revenue.
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45. Transportation is part of the _________ function of marketing.
46 / 50
46. ________marketing involves the launch of the new product in one or a few geographical areas chosen to representative of its intended market.
47 / 50
47. The following are the main interests of managerial marketers, except; _________
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48. _________approach focuses on particular classes of products.
49 / 50
49. ________ is one of the oldest marketing philosophies/concepts that guide's sellers.
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50. _________ are in charge of transfer of ownership on the channel of distribution.
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