MKT108




Category: MKT108

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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

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1. _______ is used to refer to the various intermediaries who help in moving the product from the producer to the consumer

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2. The social approach focuses on the _________ created by various marketing activities and institutions.

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3. The agent middlemen that are usually large institutions with marketing facilities are called _________

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4. __________is concerned with setting certain standards/ levels to accomplish the produced goods.

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5. _______ is the only element in the marketing mix that produces revenue.

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6. Strategic planning looks beyond immediate circumstances, trying to __________ market conditions five or ten years into the future.

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7. __________ goods are bought by final consumers for personal consumption.

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8. Product planning and development are part of the __________ function in marketing.

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9. Financing is made up of a number of _______ known as marketing functions.

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10. ___________ are merchant middlemen that take title to the goods  they sold.

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11. Financing is made up of a number of _______ known as marketing functions.

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12. __________is the statistical study of human population and its distribution characteristics.

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13. ________are major capital items that form the main assets of the production firms.

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14. ________ are types of industrial goods that form part of finished items such as shirts, radio and batteries for cars.

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15. _________ are in charge of transfer of ownership on the channel of distribution.

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16. _________are the people/devices that inform, persuade and stimulate the buyer at any point of the buying process.

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17. Most new and recently introduced goods can be classified as __________ goods.

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18. __________form the major parts of the finished items.

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19. ________concept holds that consumers will favour products that offer the most quality.

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20. There are important differences between ultimate _______and industrial users, their ways and means of purchasing differs considerably.

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21. ________ is one of the oldest marketing philosophies/concepts that guide's sellers.

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22. Kotler (1984) states that for exchange to take place, it must satisfy _____ number of conditions

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23. __________ is the part of the buying merchandise which is resold in the same form without physical changes made on them.

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24. __________ goods are those bought by individuals and organizations for further processing a business.

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25. One major objective of international research is to discover new _______ opportunities.

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26. Research is necessary but a lot of……………………. are reluctant to engage in international research

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27. Marketing channels can be described by the number of ________ involved.

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28. ________marketing involves the launch of the new product in one or a few geographical areas chosen to representative of its intended market.

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29. ________ products generally involve high value purchases and competitive bidding based on price competition.

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30. There are ________ distinct product life cycle stages:

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31. The __________ concept rests on four main pillars

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32. ___________is a state of felt deprivation.

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33. ___________ are products that consumers insist on having.

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34. _________decides on the level of stock to hold and the quantity to buy and which stores will carry various lines.

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35. _________take physical possession of the goods they trade with.

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36. __________are wants for specific products that are backed up by an ability and willingness to buy them.

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37. Marketing is also concerned with product _______and design since a product must suit the needs and wants of the consumer.

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38. ______ 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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39. Marketing Finance, Risk bearing and Market Information are all part of the ________ function.

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40. A company's marketing ______ often operates within the framework of forces, which constitutes the system's environment

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41. The Auxiliary Function of Marketing consists of Marketing Finance, Risk Bearing and __________

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42. _________approach focuses on particular classes of products.

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43. Ultimate consumers buy goods or services for their own personal or household use, and are satisfied strictly non-_____wants.

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44. __________ behaviour is hardly traceable to only one characteristic.

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45. The following are the main interests of managerial marketers, except; _________

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46. _______ concept holds that a pure marketing concept overlooks possible conflicts between short-run consumer wants and long-run consumer welfare

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47. The following are the part of the four main pillars of the marketing concept, except; ________

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48. The _______ planning process rests on two important concepts.

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49. Marketing research is the first step taken by any ……………………... before investing his money in business

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50. There are __________ number of participants in the buying process.

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