Take this MGT 301 exam quiz about the principles of marketing. Marketing ensures that businesses cannot only introduce products as needed, but they also attract new clients. The proper understanding of the product, price, place, and promotion principles help ensure a business comes up with a productive marketing strategy. In this quiz, you will get to test put just how much you know about marketing concepts and strategies. Check it out!
Decline
Growth
Maturity
Introduction
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Cultural environment
Fictitious environment
Natural environment
Political environment
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Digital age
Internet
Extranet
WWW
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Gathering data, analysis, interpretation
Analysis, gathering data, interpretation
Interpretation, gathering data, analysis
Interpretation, reporting, analysis
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Undifferentiated marketing strategy
Differentiated marketing strategy
Concentrated marketing strategy
Custom marketing strategy
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Researching
Planning
Controlling
Managing
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Developing the research budget
Choosing the research agency
Choosing the research method
Developing the research plan
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Selling
Advertising
Barter
Marketing
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Promotion
Self-study
Marketing research
Cost-benefit analysis
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Relaxation of international tariffs
The entrance of new competitors in the market
Undifferentiated products or services
Cost advantages present because of advanced technology
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Control – implementation – market planning
Market planning – control – implementation
Implementation – control – market planning
Marketing planning – implementation - control
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Size, location, industry, customer
Size, company, industry, technology
Location, size, occupation, race
Customer, technology, company, industry
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Mission statement should fit the market environment
Mission statement should be realistic
Mission statement should be broad
Mission statement should be motivating
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Market penetration
Market development
Horizontal diversification
Conglomerate diversification
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Personality
Culture
Lifestyle
Motive
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Product concept
Production concept
Societal marketing concept
Marketing concept
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Descriptive
Exploratory
Causal
Corrective
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Personal characteristics
Operating variables
Selling approaches
Situational factors
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Market segmentation, market positioning and target marketing
Market segmentation, target marketing and market positioning
Market alignment, market segmentation and market positioning
Market recognition, market preference and market insistence
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Reseller markets
Government markets
International markets
Business markets
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Consumers
Industrial users
Co-branders
Wholesalers
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Local
Financial
Citizen-action
Media
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Small; a small market
Small; a large market
Large; one or a few niches
Large; the mass market
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Customer perceived value
Marketing myopia
Customer relationship management
Customer satisfaction
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Internal databases
External databases
Marketing intelligence
Company reports only
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Customer relationship management
Knowledge management
Total quality management
Marketing management
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Modified rebuy
Straight rebuy
Modified straight rebuy
Consumer buy
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Achievement
Self-esteem
Self-expression
Attitude
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Suppliers
Key customers
Company reports
Sales force
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A mail
A telephone
Computer interviewing
A personal interview
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Differential
Achievable
Accessible
Measurable
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Causal
Experimental
Primary
Secondary
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The supplier is a king in the market
Marketing should be viewed as hunting not gardening
This is what I make, won’t you please buy it?
This is what I want, won’t you please make it?
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Introduction
Growth
Maturity
Decline
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Concentrated marketing
Mass marketing
Targeted marketing
Market segmentation
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Demographic environment
Cultural environment
Economic environment
Consumer environment
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Quiz Review Timeline (Updated): Mar 21, 2023 +
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