Marketing Management Model Exit Exam C
Marketing Management Model Exit Exam C
Instruction: Read the questions and choose the right answer from the given alternatives and
write the letter of your choice on the space provided at the separate answer sheet. (1 point
each)
1. Value of goods and services for both buyers and sellers is represented by:
A. Product B. Place C. Promotion D. Price
2. A paid form of transmission of non-personal communication of information about goods, services
or ideas through various media is:
A. Sales Promotion B. Personal Selling C. Advertising D. Publicity
3. A marketing activity which involves on creation of awareness, persuasion and reminding on
prospects as well as existing customers is:
A. Promotion B. Price C. Product D. Place
4. Individuals those purchase products for their own personal consumption are:
A. Consumers B. Intermediaries C. Producers D. Customers
5. A group of people with shared value systems based on common life experiences and situations
refers to:
A. Social Class B. Sub-culture C. Economic Group D. Cultural Group
6. Marketer’s engagement on the process of evaluation and selection of each homogeneous,
attractive group of buyers is regarded as an activity of:
A. Market Segmentation C. Market Targeting
B. Market Positioning D. Niche Marketing
7. Type of products for which buyers does not usually think of buying them are:
A. Convenience Goods C. Shopping Goods
B. Unsought Goods D. Specialty Goods
8. Among marketing strategies of demographic segmentation the one that focuses on differences of
family sizes and orientations belongs to:
A. Gender B. Age-Life cycle C. Income D. Generation
9. Which one of the following combination of product life cycle portrays the right trend?
A. Introduction ----------- Growth ----------- Maturity -------------- Decline
B. Introduction ----------- Decline ----------- Growth -------------- Maturity
C. Introduction ----------- Maturity ----------- Growth -------------- Decline
D. Introduction ----------- Maturity ----------- Growth -------------- Decline
10. Which one of the following Marketing strategy does not belong to Maturity stage of product life
cycle?
A. Positioning in new Market Segments
B. Creating awareness on prospects
C. Attracting customers of Competitors
D. Increasing usage rate of existing customers
11. A strategy of setting higher prices at an introduction stage of a product life cycle and lowering at
later stages is:
A. Mark-up Pricing C. Penetration Strategy
B. Price Skimming D. Breakeven Pricing
12. A branch which deals with the various stages a consumer goes through before purchasing
products or services for his end use.
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ROYAL COLLEGE, PISSA CAMPUS
Model Exit Exam For Marketing Management
A. Consumer behavior
B. Consumer attitude
C. Consumer interest
D. Consumer perception
13. The most basic and influential factors on an individual’s needs, wants, and behavior.
A. Brand
B. Product
C. Culture
D. Price
14. To which of the following do marketing managers should adapt the marketing mix?
A. Sales strategies C. Cultural values
B. Marketing concepts D. Brand images
15. Customers are highly involved, but face difficulties to determine among brands, this can be
associated to which of a buying behavior?
A. Complex buying behavior C. Dissonance reducing buying behavior
B. Habitual buying behavior D. Variety seeking buying behavior
16. All are similar except one.
A. Affection for family C. Curiosity
B. Jealous D. Praise & Habits
17. Which of these best matches with touch points during purchase?
A. Peer referral C. P.O.S
B. Customers communications D. Product reviews
18. The fourth step in consumers buying behavior represented by;
A. Evaluation of information C. Alternative search
B. Purchase decision D. Need identification
19. One of the following is buyers’ black box.
A. Attitudes and Perceptions C. Need recognition
B. Product choices D. Dealer’s choices
20. Cost of developing new customers is always much ___ than retaining an existing customer?
A. Lower C. Encouraging
B. Higher D. Discouraging
21. A market entry strategy that maximizes a profit potential while tolerating a higher degree of risk
is:
A. Foreign indirect investment
B. Foreign direct investment
C. Foreign semi-direct investment
D. Home-country investment
22. _________ means a product originally designed for a local market is exported to other countries
with virtually no change, except perhaps for the translation of words and other cosmetic changes.
A. Product Adaptation C. Product scheduling
B. Product Standardization D. Product differentiation
23. An entry strategy that involves having an agreement that permits a foreign company to use
industry property, technical knowhow, or engineering design in a foreign market
A. Exporting
B. Licensing
C. Joint venture
D. Contract manufacturing
24. The main Limitations of an indirect channel is
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Model Exit Exam For Marketing Management
A. The manufacturer will give up control over the marketing of its product to another firm.
B. If the chosen intermediary is not aggressive, products cannot be sold.
C. The intermediary may not easily continue to handle a manufacturer’s product
D. Affect the product’s success in the future.
E. All of the above
25. The least profitable entry strategy is
A. Licensing
B. Joint venture
C. Contract manufacturing
D. Foreign direct investment
26. Sony and Pepsi joined together to market Wilson sporting goods in Japan. This strategy is:
A. Exporting
B. Licensing
C. Joint venture
D. Assembly operations
27. A host government prefers this method of investment by a foreign firm
A. Screwdriver assembly
B. Acquisition
C. Indirect investment
D. Greenfield enterprise
28. Government set rules and regulations to normalize the business activities while safeguarding the
societal well-being. This is:
A. Technological environment C. Cultural environment
B. Legal environment D. Political environment
29. It involves government ownership, and it is the government that operates the business being taken
over.
A. Nationalization
B. Domestication
C. Confiscation
D. Expropriation
Theme 2 Promotion Brand Management
1. In return for a fee, one company permits another to use its trademark to promote other offerings
over a defined period of time, in a defined area. This is known as:
A. Brand Stretching
B. Brand Extensions
C. Brand Licensing
D. Co-Branding
2. One of the advantages enjoyed by Apple Computers is how aesthetically appealing its products
are perceived to be. Which of the following brand element choice criteria matches to Apple’s
aesthetic appeal?
A. Memorable
B. Likeability
C. Protectable
D. Adaptable
3. Brand management came into being for which of the following reasons:
A. Companies wanted to achieve scale economies.
B. It supplemented financial management practices
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Model Exit Exam For Marketing Management
D. Easy to distribute
3. The level of service that customer hopes to receive, the wished –for level or the highest level
of customer expectation is termed as
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E-Marketing
10. A card that enables its holder to charge items (and pay later), or obtain cash up to the
cardholder’s authorized limit is:
A. Credit card C. Charge cards
B. Debit cards D. Smart Card
11. E-commerce feature which relates to “Internet/Web technology is available everywhere: at
work, at home, and elsewhere via mobile devices, any time” is____________.
A. Universal standards B. Interactivity C. Customization D. Ubiquity
12. An organization or companies with direct online sales that do not need physical stores is
known as:
A. Pure-play e-tailers C. Click-and-mortar
B. Brick-and-click retailers D. Brick-and-mortar
13. Which one of the following is not benefit of E-commerce for society?
A. E-commerce helps organizations to reduce the cost to create process and distribute goods
& services.
B. E-commerce provides options of virtual auctions
C. E-Commerce decrease competition among organizations
D. E-commerce helps the government to deliver public services
14. Which of the following is a market research and personalization method that uses customer
data to predict, based on formulas derived from behavioral sciences, what other products or
services a customer may enjoy, extending predictions to other customers with similar profiles?
A. Search advertising
B. Behavioral targeting.
C. Collaborative filtering
D. Viral marketing
15. A record of user activities on a company’s website from the computer log is:
A. User profile.
B. Click stream.
C. Transaction log
D. Web bugs
16. Which one of the following is not an advantage that can be achieved from e-commerce?
A. Access the global marketplace
B. Time for delivery of physical products
C. Opportunity to reduce costs
D. Efficient applications development environment
17. [Link] site is an example of:
A. B2C model C. B2B model
B. C2C model D. P2P model
International Marketing
RT I – Write true if the statement is correct and false if the statement is incorrect. Write your answer on
the separate answer sheet provided (1 point each)
A) Psychographic segmentation
B) Demographic segmentation
C) Behavioral segmentation
D) None of the above
3. Domestic marketing and international marketing are similar in all except
A) Targeting
B) Positioning
C) Market segmentation
D) All of the above
6. ____ is the targeting strategy that involves creating the same marketing mix-product, price
distribution and communication for a broad mass market of potential buyer
A) Concentrate global marketing
B) Undifferentiated global marketing
C) Differentiated global marketing
D) All of the above
7. Identify reason/s to go for international marketing
A) Growth of overseas market
B) Comparative advantage
C) Transportation economies
D) Cost advantage
E) All of the above
8. Which one of the following can be a challenge in international marketing?
PART III - Attempt the following questions below and give your answer on the separate sheet attached
(10 marks).
1. Mention at least five Criteria for selecting a market entry mode (5 points)
2. Mention at least 5 international commercial terms (INCOTERMS) (5 points)
8. What term is used to describe when a customer purchases a product with no planning or forethought?
a. Extended problem solving
b. Impulse buying
c. High-involvement purchasing
d. Evaluation implementation
9. What type of segmentation is the primary starting point for most marketers?
a. Psychographic
b. Use-pattern
c. Demographic
d. Cultural
10. In the business-to-business buying process, what is the next step after the need is described and quantified?
a. Searching for potential suppliers
b. Evaluating proposals
c. Establishing an order routine
d. Recognizing a need
11. Which of the following is a skill that could advance career goals in global marketing.
a. Ability to speak two or more languages
b. Experience in a single geographical area
c. Computer literacy
d. Having a foreign driver’s license
12. When a product is sold in as many outlets as possible a(n) ___________ distribution strategy is being used.
a. selective
b. intensive
c. extreme
d. exclusive
13. What is a useful way to empower customers?
a. Ask customers to participate in product design.
b. Conduct customer feasibility studies.
c. Refer customers to competitors for quality comparisons.
d. Give customers free products.
14. Which of the following is a key function of “positioning” in marketing campaigns?
a. To provide a reason why the customer should buy the product.
b. To divert the customer's attention from the product’s flaws.
c. To override the customer’s previous mindset.
d. To distract the customer from considering a competitor’s product.
15. A(n) ____________ explains how an offering will be launched.
a. offering transaction
b. business document
c. customer base
d. communication plan
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16. _________ is defined as the variety of marketing communications an organization utilizes.
a. Promotional mix
b. Personal selling
c. Advertising
d. Publicity
17. Which of the following are social media?
a. Corporate investor pages
b. Media release distribution websites
c. Downloadable company brochures
d. Public networking websites
18. What is the generally accepted view about using sex and humor themes in cross-cultural marketing
campaigns?
a. Humor and sex themes are acceptable.
b. Humor and sex themes are encouraged.
c. Humor and sex themes can be used if they are very mild.
d. Humor and sex themes are not appropriate.
19. The channel through which communication takes place is known as the
a. information
b. medium
c. communication
d. transference
Short answer questions: Answer in two to four complete sentences. (2 points each)
20. Determine an advantage for using a product life cycle mode.
21. Provide an advantage for using segmentation, targeting, and positioning in developing marketing strategies.
22. Provide one benefit and one drawback of using a viral market channel.
24. Define micromarketing and discuss its importance in integrated marketing communications programs.
Sales Management
1. One of the following is not the factor influencing a sales forecasting?
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C. Person description D. Person Specification
11. In __________ interview the applicant/ sales person is encouraged to speak freely about his or her
experience, training, and future plans.
A. Interactive C. Pattern
B. Stress D. Non directive
12. Which one of the following is not the Assumptions about Socialization
A. it Influences performance C. it reduce anxiety
B. it Increases organizational stability D. It decrease employee familiarity
13. Having good compensation plan have the following benefits except
A. Attract good employees C. Increase employee turnover
B. Increase employee morale D. Increase job satisfaction
14. Given “GTZ” flour factory’s time series sales in kilo gram;
Week 1 2 3 4
Sales (100 of k 37 39 44
kg)
Based on the above information what will be the 4th week’s sales of the flour factory through moving
average forecasting method?
A. 43kg D. 41 kg
B. 39kg E. None
C. 40kg
15. Based on question number ‘23’ what will be 4th week’ sales forecast through weighted moving
averages method?
A. 43 kg D. 41.9 kg
B. 42.5 kg E. None
C. 41.1 kg
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9. Product knowledge is not the main 5. Warehousing helps in balancing demand and
consideration during sales force evaluation supply and in stabilizing prices.
Marketing Channels and Logistics Management 1. Which one is not true about agents/brokers
wholesalers?
PART I – Write true if the statement is correct and
false if the statement is incorrect. Write your A. They are independent middlemen
answer on the separate answer sheet provided ( 1 B. They take the title to the goods they
point each) deal with
C. They involve in negotiatory functions
1. Channel arrangements must be modified over
D. They are compensated in the form of
time.
commissions
2. It is important to search for alternative ways to E. None of the above
deploy transportation to reduce total logistics
2. ..............involves in selling merchandise for
cost.
personal or household consumption.
3. Marketing intermediaries usually provide
A. Retailers C. Agents
products at a lower price than a manufacturer
E. Wholesalers
could.
B. Merchant Wholesalers D.
4. Storage reduces the need for instant
Distributors
transportation which is often costly.
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3. Which one is the function of wholesalers? A. Training channel members D.
Motivating channel members
A. Assortments C.
Advice and technical support B. Evaluating channel members E.
Modifying channel members
B. Breaking bulk D. All of
the above C. Selecting channel members
C. Credit and financial assistance 8. ................plans the geographical path a vehicle
will travel to complete transportation
requirements.
A. Load planning D.
4. Facilitating agencies include: Equipment scheduling
A. Transportation agencies D. B. Routing E.
Advertising agencies Carrier selection
5. Which one does not constitute a forward flow A. Horizontal channel conflict C.
of activity from the company to the customer? Multi-channel conflict
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B. Reverse D. A. Warehousing C.
Domestic Inventory management
12. Which one is true about warehousing? B. Transportation D. All of
the above
A. It reduces the need for instant
transportation 17. ..............conflict occurred when the channel
partners involved in a particular distribution
B. It provides a competitive advantage with
channel have an issue with partners in other
better storage and better servicing of the
channel.
customer.
A. Multi-channel C.
C. It helps in balancing demand and supply
Horizontal
D. All of the above
B. Vertical channel D. Intra-
13. Stocks are held for the following reasons, channel
except:
18. Which one of the following is considered as
A. To provide customers with immediate criteria when choosing a transportation mode?
service
A. Speed C. Number
B. To accommodate variations in demand of geographic points served
A. A wholesaler C. A retailer
E. None of these
B. A distributor D. An agent
A. Retailer B. Producer C.
Wholesaler D. Consumer E. B and D
A. Intensive strategy C.
Selective strategy
B. Exclusive strategy D.
Adaptive strategy
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