In the name of ALLAH, the most beneficient, the most merciful

Marketing Management (MKT501)

Multiple Choice Questions (MCQs)

 

Objective Questions

Question

Tight cost control is associated with which of the following strategy?

  1. Market segmentation strategy
  2. Market dominance strategy
  3. Differentiation strategy
  4. Cost leadership strategy

Answer: 4 Chapter No. 10 

Question

Which one of the following tend to market high end goods and services and are able to use a premium pricing strategy in a specific market segment.

  1. Followers
  2. Challengers
  3. Leaders
  4. Nichers

Answer: 4 Chapter No. 10 

Question

Which of the following aggressive strategy is without direction?

  1. Reactor
  2. Analyzer
  3. Defender
  4. Prospector

Answer: 1 Chapter No. 9 

Question

Financial summary of a marketing plan includes all EXCEPT:

  1. Pro-forma income statement
  2. Month-by-month agenda
  3. Breakeven analysis
  4. Assumptions

Answer: 2 Chapter No. 8 

Question

The loyalty marketing focuses on establishing long term relationship between:

  1. Company and retailer
  2. Retailer and customer
  3. Retailer and consumer
  4. Company and customer

Answer: 4 Chapter No. 2 

Question

Which of the following can be used to improve the customer’s viewpoint about firm’s products and services?

  1. Experiential innovation
  2. Customer interface
  3. Experiential world of customers
  4. Building experiential platform

Answer: 1 Chapter No. 2 

Question

Which of the following is included in task environment?

  1. Economy
  2. Technology
  3. Media
  4. Promotion

Answer: 4 Chapter No. 1 

Question

The _____ is the central instrument for directing and coordinating the marketing effort.

  1. Business plan
  2. Production plan
  3. Market plan
  4. Selling plan

Answer: 3 Chapter No.  

Question

A brand which cost more than other products is called:

  1. Premium brand
  2. Economy brand
  3. Co-brand
  4. Family brand

Answer: Chapter No.  

Question

While deciding pricing objectives, which of the following objective(s) should consider?

  1. Financial objective
  2. Marketing objective
  3. Product objective
  4. All of the given

Answer: Chapter No.  

Question

Which of the following is NOT the part of 4P’s of marketing mix?

  1. Product
  2. Price
  3. People
  4. Promotion

Answer: Chapter No.  

Question

Which of the following is a strategic planning method that some organizations use to make flexible long-term plans?

  1. Monitoring
  2. Forecasting
  3. Scenario planning
  4. Guemilla marketing

Answer: Chapter No.  

Question

Which of the following is NOT the phase included in Idea Screening of new product development?

  1. Elimination of unsound concepts
  2. Asking relative questions
  3. Testing a concept
  4. Measuring technical feasibility

Answer: Chapter No.  

Question

Which of the following product takes less time for adoption?

  1. Fashion
  2. Automobile
  3. Technology
  4. All of the given

Answer: Chapter No.  

Question

Early adopters are defined as:

  1. Willing to try new idea
  2. Quick response
  3. Innovators
  4. All of the given

Answer: Chapter No.  

Question

Which of the following explains the description of the product?

  1. Brand
  2. Container
  3. Labeling
  4. Packaging

Answer: Chapter No.  

Question

This leadership strategy is wherein in order to be competitive companies appeal to price-sensitive customers by offering lowest possible prices as compared to the rest of the competitors.

  1. Cost leadership strategy
  2. Differentation strategy
  3. Horizontal
  4. Vertical

Answer: Chapter No.  

Question

In which of the following the manager attempts to maintain the same margin regardless of changes in cost?

  1. Satabilization of margin
  2. Increasing the margin
  3. Decreasing the cost
  4. Increasing the cost

Answer: Chapter No.  

Question

Which of the following is usually the target of a market challenger?

  1. Market nicher
  2. Market leader
  3. Market follower
  4. Market segment

Answer: 2 Chapter No.  

Question

For the packaging of the mobile phones, which packaging type is more appropriate?

  1. Boxes
  2. Bags
  3. Bottles
  4. Blister packs

Answer: Chapter No.  

Question

Which is the application of marketing technique to specify product, product line and form of product?

  1. Marketing management
  2. Brand management
  3. Marketing
  4. Advertising

Answer: Chapter No.  

Question

Which of the following are called value maximizers?

  1. Sellers
  2. Customers
  3. Marketers
  4. Manufacturers

Answer: 2 Chapter No.  

Question

Critical path analysis is useful at which stage of the product development Process?

  1. Commercialization
  2. Concept development
  3. Beta testing
  4. Business Analysis

Answer: Chapter No.  

Question

Labeling of the product includes all information about:

  1. How to use
  2. Transport
  3. Dispose off
  4. All of the given

Answer: Chapter No.  

Question

Which of the following is the period when sales fall off and profits drop?

  1. Introduction
  2. Growth
  3. Maturity
  4. Decline

Answer: Chapter No.  

Question

During product life cycle ________ should be informative in introduction stage, persuasive in growth and maturity stages and reminder oriented in decline stage.

  1. Advertising
  2. Profits
  3. Sales
  4. Direct sales

Answer: Chapter No.  

Question

_______ products are those which are bought by the customer in an unplanned manner. When a customer sees it placed near point of purchase he buys it impulsively. E.g. cigarettes, chewing gums etc.

  1. Core
  2. Actual
  3. Augmented
  4. Impulse

Answer: Chapter No.  

Question

The consumer products and services with unique characteristics or brand identification for which a significant group of buyers is willing to make a special purchase effort are called:

  1. Industrial products
  2. Speciality products
  3. Unsought products
  4. Shopping products

Answer: 2 Chapter No.  

Question

Which of the following is Not a component of a marketing plan?

  1. Marketing advantages
  2. Environmental analysis
  3. Executive summary
  4. Marketing implementation

Answer: Chapter No.  

Question

_______ refers to knowledge and technical capabilities that allow a business to perform competitively in the marketplace and have three features: it allows a company to enter into new markets; it provides a significant benefit or value to the customer; it is hard for competitors to imitate.

  1. Core competency
  2. Customer experience management
  3. Customer lifetime value
  4. Selling concept

Answer: Chapter No.  

Question

Which of the following is known as a set of marketing tools used by the firms to pursue its marketing objectives in the target market?

  1. Marketing mix
  2. Promotion mix
  3. Offering mix
  4. Product mix

Answer: Chapter No.  

Question

Which one of the following BEST describes the human need?

  1. Food
  2. French-fries
  3. Burger
  4. Pizza

Answer: Chapter No.  

Question

The _______ part of marketing plan specifies target markets and the value proposition based on market analysis while ________ part of marketing planlays down guidelines for all four Ps.

  1. Strategic, Tactical
  2. Tactical, Strategic
  3. Product, Price
  4. Price, Product

Answer: Chapter No.  

Question

_______ incorporates the concept of socially responsible marketing and understanding broader concerns and ethical, environment, legal and social context of marketing activities and programs.

  1. Integrated Marketing
  2. Relationship Marketing
  3. Societal Marketing Concept
  4. Internal Marketing

Answer: Chapter No.  

Question

Which of the following is an example of ancillary service?

  1. Warranty
  2. Promotion
  3. Labeling
  4. Packaging

Answer: Chapter No.  

Question

All of the following are the examples of controllable factors EXCEPT:

  1. Line of business
  2. Corporate culture
  3. Overall objectives of organizations
  4. Competition in the market

Answer: Chapter No.  

Question

In _______ communications, products and services, pricing strategies and channels should all be interlinked.

  1. Integrated Marketing
  2. Relationship Marketing
  3. Societal Marketing
  4. Internal Marketing

Answer: Chapter No.  

Question

Which of the following is TRUE about marketing concept?

  1. The customer is always right
  2. Business is about making money
  3. Sell, sell and sell
  4. Keep prices low

Answer: Chapter No.  

Question

Which of the following is an effective short-hand summary of the situation analysis?

  1. Competition analysis
  2. SBU analysis
  3. SWOT analysis
  4. BCG analysis

Answer: Chapter No.  

Question

B.C.G. Analysis is a technique used by a company to decide what products to add to its product portfolio. The horizontal axis reflects the:

  1. Relative Market Share
  2. Market Segment Size
  3. Market Growth Rate
  4. None of the given

Answer: Chapter No.  

Question

Which of the following technique used in portfolio management?

  1. B.C.G. Boston Consulting Group-ANALYSIS
  2. Contribution Margin Analysis
  3. GE General Electric. Multi Factorol Analysis
  4. All of the given

Answer: Chapter No.  

Question

IMC stands for what?

  1. Internal marketing communication
  2. Integrated marketing communication
  3. Integrated managing company
  4. Internal marketing community

Answer: Chapter No.  

Question

Which of the following is NOT an example of fix cost?

  1. Depreciation of building
  2. Maintenance of equipment
  3. Rent of factory
  4. Power

Answer: Chapter No.  

Question

XYZ Company is a manufacturer of chocolates. After analysis we concluded that this business has low market share and low growth. Which of the following option best reflects this condition?

  1. Cash Cow
  2. Question Mark
  3. Star
  4. Dogs

Answer: Chapter No.  

Question

Which of the following is an advantage of sales promotion?

  1. Increase sales in long run
  2. Decreases consumer traffic
  3. Create awareness about product
  4. Increase sales in short term

Answer: Chapter No.  

Question

Identify the revenue which is added by the sales of an additional item.

  1. Basic revenue
  2. Marginal revenue
  3. Average revenue
  4. Total revenue

Answer: Chapter No.  

Question

Which of the following offers an incentive to buy a product?

  1. Direct mail
  2. Public relations
  3. Sales promotion
  4. Advertising

Answer: Chapter No.  

Question

A company is producing 1000 units at cost of Rs. 500000. Variable cost for the production of 1000 units is Rs. 350000. What will be fix cost?

  1. Rs. 350000
  2. Rs. 150000
  3. Rs. 300000
  4. Rs. 200000

Answer: Chapter No.