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!
MKT205
1 / 50
The source of new product can either be internal or ______________.
2 / 50
2. _________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.
3 / 50
3. _________is any act or performance that one party can offer to another that is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.
4 / 50
___________ is concerned principally with making the product available at the desired time and place.
5 / 50
____________ is defined as those activities, benefits, or satisfactions which are offered services for sale, or are provided in connection with the sales of goods.
6 / 50
6. ____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.
7 / 50
Mass marketing can also be referred to as ____________ marketing
8 / 50
8. _________theory is made up of motivator factors and hygiene factors
9 / 50
____________is a pattern of living adopted by an individual.
10 / 50
10. _________is made up of the share contribution of members plus the reserves of all types, undistributed profits and the members’ entrance fees
11 / 50
11. _____is the type of partner(s) who take active part in the formation, financing and management of the business.
12 / 50
A firm that uses ___________ sets a price only slightly higher than the cost of the product.
13 / 50
13. In _______ segmentation consumers are grouped according to variables such as age, sex, marital status, income, education, occupation, race, religion.
14 / 50
The term financial services become more prevalent in the United States partly as a result of the Gramm Leach-Bliley Act of the late ____, which enabled different types of companies operating in the U.S financial services industry at that time to merge.
15 / 50
__________ differentiation is often adopted when a company is faced with competition.
16 / 50
Financial services are the economic services providers by the ________.
17 / 50
________ function is to provide logistics that delivers the products cost-efficiency on a timely basis.
18 / 50
18. In _____ the marketer offers one product or uses one blend of marketing mix to serve the whole market.
19 / 50
__________is defined as the act or process of growth, progress and improvement within a physical setting.
20 / 50
___________concept believes that consumers can be induced to buy more through various sales stimulating devices.Â
21 / 50
Marketing came into Nigeria banks after ____ not in form of application of the marketing concepts but inform of advertising and after promotional concepts.
22 / 50
22. ________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.
23 / 50
23. There are ______functions in marketing
24 / 50
24. Capitalization of income, method of valuation is the procedure for determining the ____
25 / 50
____________is used when a new product is introduced into a market in which there are no competitors.
26 / 50
26. There are ______ steps in decision-making model.
27 / 50
27. _________stated that capitalization deals with the capital structure of a business in relation to the amount of equity, its composition and changes in it.
28 / 50
28. ______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.
29 / 50
_______________concept believes that organizations, while focusing on consumer satisfaction, should reconcile such objective with social and environmental considerations.
30 / 50
_____________________is defined as the process by which marketing plans are developed for products.
31 / 50
Financial institutions because it has the same nature of service must be creative and ___________ to market needs.
32 / 50
32. ______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.
33 / 50
33. _________consists of members’ deposits, loan from cooperative banks, loan from government and trading credits.
34 / 50
_______________ is defined as anything that has the capacity to produce the satisfaction use or perhaps, the profit desired by the customerâ€.
35 / 50
35. _______is an association of two to twenty persons carrying on a business in common with the view of making profit
36 / 50
Services often cannot be separated from their__________.
37 / 50
_________ is the creation, development and delivery of products and services that satisfy the needs and wants of the customer, at a profit.
38 / 50
38. _______is the type of structure much pronounced in the military organisation where scalar principle is practiced.
39 / 50
39. Hornby (2006) defined __________as the process or stimulating the interest of people to do something
40 / 50
40. 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.
41 / 50
41. Toyota and Honda companies use the ________concept for their brands of cars for Nigeria markets.
42 / 50
42. A high level of Literacy rate is a major condition in _____________marketing
43 / 50
________________ should be done in such a way that the brand name must attract the attention of customers.
44 / 50
______________ refers to a short-term arrangement where both the buyer and seller have an interest in providing a more satisfying exchange.
45 / 50
45. 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
46 / 50
Since no company can operate in every market and satisfy every need, there is need for market ________________.
47 / 50
47. A _______is that who is active in the affairs of the business but not known to the public as a partner
48 / 50
48. _______is a process of creating, maintaining and enhancing strong value added relationships with customers and other stockholders.
49 / 50
_____________ concept indicates that consumers are primarily interested in product quality, and know the quality and feature differences amongst the competing products.
50 / 50
50. ______ is the document that regulates the activities of the partnership business.
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