Quiznetik

Applied Theory of Markets | Set 2

1. A series of stages by which a consumer might choose a new product or service. What does it called?

Correct : A. consumer adaption process

2. Who are the purchasers of goods and services for his immediate use and consumption ?

Correct : C. consumers

3. A mother buys baby food for her baby regularly .here baby is :

Correct : A. consumer

4. What does it called The dissatisfaction of a consumer after purchasing a product ?

Correct : D. all of these

5. Name the Behavior of a consumer after purchasing a product ?

Correct : A. post purchase behavior

6. Which of the following is not a Social factor influencing consumer behavior ?

Correct : D. social class

7. What is the Culture within the culture?

Correct : C. sub culture

8. Which is personal factor of consumer buying behavior?

Correct : A. personality

9. What is the last stage of the consumer decision process?

Correct : B. post purchase behavior

10. Which of the following is NOT considered a type of reseller?

Correct : C. manufacturer

11. In which type of market There is no distinction between firm and industry ?

Correct : B. monopoly

12. In which market, advertisement is absent:

Correct : B. perfect competition

13. As a set of assumptions that focus on consumer choices that result in different alternatives such as happiness, satisfaction, or utility. Choose the correct term.

Correct : A. consumer preference

14. What is it called the willingness of consumers to purchase products and services as per their taste, need and of course pocket?

Correct : B. consumer interest

15. Which aspect deals with the various stages a consumer goes through before purchasing products or services for his end use?

Correct : A. consumer behavior

16. what is refers to the buying behavior of final consumers?

Correct : A. consumer buyer behavior

17. which is the influence of Consumer purchases other than cultural, social, personalfactors?

Correct : B. psychological characteristics.

18. Which of the following is NOT one of the five stages of the buyer decision process?

Correct : B. brand identification

19. Cognitive dissonance occurs in which stage of the buyer decision process model?

Correct : D. post purchase conflict

20. Which concept is related to the post decision anxiety ?

Correct : B. cognitive dissonance

21. Which of the following is a situation in which consumer behavior occurs?

Correct : D. all of the above

22. Who developed the need hierarchy theory ?

Correct : B. abraham h maslow

23. Which of the following is a rational buying motive ?

Correct : C. durability

24. Perception belongs to which factor ?

Correct : B. psychological

25. Which Motivepersuade a person to buy products from a particular shop?

Correct : A. patronage motives

26. Which buying motive is based on careful thinking and logical reasoning?

Correct : B. rational motives

27. Which of the following marketing approach that analyses different functions of marketing?

Correct : D. functional approach

28. Which of the following function helps in analyzing the buyers habits, popularity of a product, effectiveness of an advertising media ?

Correct : A. marketing research

29. Choose the term for Collection and concentration of goods of the same type from different source at a place?

Correct : C. assembling

30. what is refers to the Classification of standard product in to certain classes?

Correct : A. grading

31. Which of the following function involves gauging customers requirements and designing a product or service to serve that requirement?

Correct : A. marketing

32. On the basis of nature of competition markets can be classified in to :

Correct : D. none of these

33. Which type of market have the features of homogeneity, uniform selling price , free entry and exit of firms etc ?

Correct : A. perfect market

34. Which among is amarketing approach?

Correct : A. product approach

35. Choose the facilitating function of marketing .

Correct : A. branding

36. What is called an assembling of goods at a central place have to be distributed among customers?

Correct : C. dispersion

37. An uncontrollable factor which have bearing on the functioning of marketing department of any organization, What does it called?

Correct : B. marketing environment

38. What is refers to forces affecting the entire society or economy at large.

Correct : B. macro environment

39. Marketing is a:

Correct : D. all of these

40. Which of the following is not included in the physical supply?

Correct : A. standardization

41. What is the force or factors that affect marketing policies , decision and operations of a business is called?

Correct : D. marketing environment

42. How can you classify the market On the basis of area?

Correct : D. national market

43. On the basis of demand and supply , market can be classified in to :

Correct : D. both a & b

44. When a market is said to be imperfect?

Correct : C. different price and similar product

45. Accessibility, homogeneity, profitability and growth potential are the criteria for choosing any one of the following option, choose the correct one?

Correct : C. criteria for market segmentation

46. In Which market segmentation, the producer doesn’t differentiate between different customers?

Correct : A. undifferentiated

47. Which segmentation approach is used in consumer products?

Correct : C. differentiated marketing

48. Construction of bridge, home repair etc are examples of:

Correct : B. customized marketing

49. What is the Base of segmentation of consumer markets?

Correct : D. all of these

50. What is Retailing through internet ?

Correct : C. e-tailing

51. What is the reason of Popularity of e-commerce?

Correct : D. global access

52. What is the feature of Any time business?

Correct : C. e-commerce

53. Super markets , hire purchase shops , street stall holders etc .. belongs to which category?

Correct : B. fixed shop retailers

54. Who are Itinerant retailers?

Correct : D. having no fixed place for selling

55. Home parties ,mail order, tele marketing etc… belong to which type of marketing?

Correct : B. direct marketing

56. Which type marketing coca cola company has used?

Correct : C. mass marketing

57. The group of elements price ,product ,promotion and place constitute :

Correct : C. marketing mix

58. Which concept is based on the principle that marketing is not a department , but it is pervasive throughout the company ?

Correct : B. holistic

59. What refers to product planning?

Correct : A. merchandising

60. Name Market where goods are transacted on the spot or immediately.

Correct : B. spot market

61. The market in which goods are bought and sold in bulk quantity :

Correct : C. wholesale market

62. Market where shares, debentures, bonds etc…of companies are bought and sold :

Correct : B. stock market

63. Where Marketing is applicable?

Correct : D. all of these

64. Rural consumers are:

Correct : A. price sensitive

65. An organization directs its marketing efforts at two or more segments by developing a marketing mix for each segment. Which is this approach?

Correct : C. multi- segment approach

66. Which of the following is not an element of demographic segmentation?

Correct : C. population density

67. Name The process of assessing the relative worth of different market segments and selecting one or more segments ?

Correct : A. target marketing

68. The process of introducing higher quality products by a manufacturer , which term is correct?

Correct : A. trading up

69. Under which category of consumer goods TV falls ?

Correct : C. brown goods

70. “fixing very low price to stimulate the growth of the market”. Give the name of pricing strategy.

Correct : D. none of these

71. A brand name which is used for several products belonging to the same company is called:

Correct : C. family brand

72. Give the expansion of FMCG.

Correct : C. fast moving consumer goods

73. Name the channel of distribution which consists of manufacturer and consumer.

Correct : A. zero level channel

74. Which of the following market where there is no physical delivery of goods ?

Correct : B. future market

75. Economic forces of marketing environment include:

Correct : D. all of these

76. Which type of market is Levi strauss (jeans)?

Correct : B. monopolistic competition

77. A buyer searches information of product from

Correct : D. both internal and external search

78. What is Situational influence of buyer decision process?

Correct : D. both a& c

79. Which Motive that influence where a person purchase product on a regular basis?

Correct : A. patronage motive

80. Which of the following involvesthe development of Graphic design for a product ?

Correct : C. packaging

81. What is closely related with packaging and is used for identification, promotional and informational purpose?

Correct : B. labeling

82. Which activity coordinates advertising ,personal selling, sales promotion, publicity and packaging?

Correct : A. promotion