MKT205

1. In _______ segmentation consumers are grouped according to variables such as age, sex, marital status, income, education, occupation, race, religion.

2. ______is an individual who is known to the public as a partner but who does not take active part in the management of the firm.

_______________ is defined as anything that has the capacity to produce the satisfaction use or perhaps, the profit desired by the customer”.

4. The _________concept holds that the key achieving organizational goals consists in determining the needs and wants of target markets and delivering the desired satisfactions more effectively and efficiently than competitors

5. Toyota and Honda companies use the ________concept for their brands of cars for Nigeria markets.

6. _________is an organisation where some specialist functions have developed.

7. ________ provides value for the people involved in the organisation

_________ is the creation, development and delivery of products and services that satisfy the needs and wants of the customer, at a profit.

Marketing came into Nigeria banks after ____ not in form of application of the marketing concepts but inform of advertising and after promotional concepts. 

 ________________ should be done in such a way that the brand name must attract the attention of customers.

Financial services are the economic services providers by the ________.

12. ________partner is not involved in managing of the business and doesn’t receive salary

___________ is concerned principally with making the product available at the desired time and place. 

The first step in the marketing process is ________

15. _______is a process of creating, maintaining and enhancing strong value added relationships with customers and other stockholders.

____________is used when a new product is introduced into a market in which there are no competitors. 

_______________concept believes that organizations, while focusing on consumer satisfaction, should reconcile such objective with social and environmental considerations. 

Financial institutions because it has the same nature of service must be creative and ___________ to market needs.

19. Financial institutions are most often described as being ________ in nature.

20. Hornby (2006) defined __________as the process or stimulating the interest of people to do something

__________is defined as the act or process of growth, progress and improvement within a physical setting.

22. There are ______functions in marketing

23. ______theory is made up of physiological, safety or security, social affiliation, esteem and self- actualization needs),

 A firm that uses ___________ sets a price only slightly higher than the cost of the product. 

Mass marketing can also be referred to as ____________ marketing

26. _________is made up of the share contribution of members plus the reserves of all types, undistributed profits and the members’ entrance fees

27. Koce (2009) defined__________ as the obligation (of managers) to pursue the policies, to make decisions, or to follow lines of action which are desirable in terms of objectives and values of our society.

28. A _____is a credit granted to any business organisation with a view to defer payment for the goods received for a specific period of time.

29. ________aims at dividing a large heterogeneous market into homogenous groups or segments, and developing a marketing mix that will appeal directly and efficiently to buyers in each.

30. _________theory is made up of motivator factors and hygiene factors

31. A high level of Literacy rate is a major condition in _____________marketing

Services often cannot be separated from their__________. 

____________is a pattern of living adopted by an individual.

______________ refers to a short-term arrangement where both the buyer and seller have an interest in providing a more satisfying exchange. 

 _____________ concept indicates that consumers are primarily interested in product quality, and know the quality and feature differences amongst the competing products. 

__________ differentiation is often adopted when a company is faced with competition. 

37. A _______is that who is active in the affairs of the business but not known to the public as a partner

_____________________is defined as the process by which marketing plans are developed for products. 

___________concept believes that consumers can be induced to buy more through various sales stimulating devices. 

40. The ________concept holds that consumers, if left alone will ordinarily not buy enough of the organization’s products

41. In _____ the marketer offers one product or uses one blend of marketing mix to serve the whole market.

42. _________is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods and services to create exchanges that satisfy individual and organizational goals.

43. ____defines strategic planning as a disciplined effort to produce fundamental decisions and actions that shape and guide what an organization is, what it does, and why it does it, with a focus on the future.

44. _____is the type of partner(s) who take active part in the formation, financing and management of the business.

45. _________stated that capitalization deals with the capital structure of a business in relation to the amount of equity, its composition and changes in it.

46. ______ is the document that regulates the activities of the partnership business.

Since no company can operate in every market and satisfy every need, there is need for market ________________. 

48. _______is an association of two to twenty persons carrying on a business in common with the view of making profit

49. ______states that disinterest in the formal economy reflects the status of Nigeria's policies and tax regime, which have long been deemed detrimental to the growth of viable enterprises.

50. _______is the type of structure much pronounced in the military organisation where scalar principle is practiced.