MKT501 2010

Question No: 1 ( Marks: 1 ) - Please choose one
Results from the research that have already been conducted are displayed in which of the following part of marketing plan?
► Marketing strategies
► Executive summary
► Appendix
► Financial summary

Question No: 2 ( Marks: 1 ) - Please choose one
A market nicher can reduce their operating expense through less spending on:
► Market segment and advertising
► R & D and market segment
► Advertising and promotion
► R & D and advertising

Question No: 3 ( Marks: 1 ) - Please choose one
Which of the following goods are purchased without any planning or search effort?
► Emergency
► Specialty
► Impulse
► Shopping

Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following is NOT undertaken by all the companies in the process of new product development?
► Market testing
► Commercialization
► Idea screening
► Idea generation

Question No: 5 ( Marks: 1 ) - Please choose one
Which of the following is the degree to which new product matches the values and experiences of the individuals in the community?

► Innovation communicability
► Innovation divisibility
► Innovation compatibility
► Innovation complexity

Question No: 6 ( Marks: 1 ) - Please choose one
Which of the following is the leak-proof packaging that provides additional protection for the primary container?


► Primary packaging
► Secondary packaging
► Transport packaging
► Decorative packaging

Question No: 7 ( Marks: 1 ) - Please choose one
Packaging used for the ice creams is an example of which of the following?

► Decorative packaging
► Transport packaging
► Secondary packaging
► Primary packaging

Question No: 8 ( Marks: 1 ) - Please choose one
The existing strong brand name can be as a vehicle to launch new product in the other categories. What does this statement imply?
► Family branding
► Line extension
► Individual branding
► Brand extension

Question No: 9 ( Marks: 1 ) - Please choose one
Which of the following is a name, term, sign, symbol, design, or a combination of these, that identifies the product or service?
► Label
► Co-brand
► Brand
► Product

Question No: 10 ( Marks: 1 ) - Please choose one
The concept of price is central to:
► Administration
► Management
► Macroeconomics
► Microeconomics

Question No: 11 ( Marks: 1 ) - Please choose one
The basic human requirement defines which of the following?

► Need
► Demand
► Want
► Satisfaction

Question No: 12 ( Marks: 1 ) - Please choose one
The phenomenon, when a customer dislikes a product and talks against the product, is termed as:

► Propaganda
► Unfavorable environment
► Bad mouth
► Bad impression

Question No: 13 ( Marks: 1 ) - Please choose one
Distributors are part of which of the following environment?

► Task environment
► Broad environment
► Natural environment
► Political environment

Question No: 14 ( Marks: 1 ) - Please choose one
In which section of the marketing plan you would find the detailed information about the marketing environment, market trends, customers and competitors?
► Situation analysis
► Product/market background
► Marketing strategies
► Market analysis

Question No: 15 ( Marks: 1 ) - Please choose one
Which one of the following strategies emphasizes on brand image?
► Cost leadership strategy
► Market dominance strategy
► Differentiation strategy
► Market segmentation strategy

Question No: 16 ( Marks: 1 ) - Please choose one
Which of the following is NOT a type of innovation strategy?

► Pioneers
► Challengers
► Close followers
► Late followers

Question No: 17 ( Marks: 1 ) - Please choose one
ABC Company has been selling quality women garments at Rs.2000 to Rs.3000 which is roughly one tenth of their usual selling price. This is an example of:
► Skimming
► Loss leader
► Demand based pricing
► Cost based pricing

Question No: 18 ( Marks: 1 ) - Please choose one
Distribution of posters regarding the mobile phone usage during driving by the people against their usage illustrates:

► The government is not involved in marketing
► That the drivers constitute market segment
► How marketing concepts are applied by the non profit organization
► Awareness to the general public

Question No: 19 ( Marks: 1 ) - Please choose one
Which of the following is the unique combination of benefits received by targeted buyers that includes quality, price, convenience, on time delivery, and both before sale and after sale service.
► The marketing concept
► Customer value
► The price-quality trade off
► Customer relationship management

Question No: 20 ( Marks: 1 ) - Please choose one
According to the societal marketing concept, who is most involved in deciding what needs and wants are good for consumers in the long run?


► The organization itself
► The individual consumers
► Competitive forces
► Marketing researchers

Question No: 21 ( Marks: 1 ) - Please choose one
Which of the following statements about environmental factors is true?
► Environmental factors have no influence over an organization's opportunities.
► Recent studies have shown that an action-oriented firm still cannot affect environmental factors in any way.
► Environmental factors are also called controllable factors.
► Environmental factors include social, economic, technological, competitive, and regulatory forces.

Question No: 22 ( Marks: 1 ) - Please choose one
While writing the marketing plan, the analysis of environmental factors like supply chain, Government and legal etc, comes under which of the following section of marketing plan?

► Macro environment
► Market analysis
► Consumer analysis
► Internal environment analysis

Question No: 23 ( Marks: 1 ) - Please choose one
Which of the following goods are purchased by customers after comparisons of competing goods available in stores on the basis of price, quality, style and colors?

► Specialty goods
► Shopping goods
► Impulse goods
► Convenience goods

Question No: 24 ( Marks: 1 ) - Please choose one
___________type of growth refers to concentrating activities on markets and/or products that are familiar:
► Diversification
► Condensive
► Integrative
► Intensive

Question No: 25 ( Marks: 1 ) - Please choose one
The “convenience goods” in the industrial market are:

► Operating supplies
► Components parts
► Industrial computers
► Accessory equipment

Question No: 26 ( Marks: 1 ) - Please choose one
Many business executives argue that a more accurate explanation of actual pricing behavior is that within a given profit constraints, firms strive for:

► Profit maximization
► Target return
► Sales maximization
► Market share

Question No: 27 ( Marks: 1 ) - Please choose one
Which of the following discourages the entry of competitors as well as act as a barrier to entry?

► Cost-orientated pricing
► Psychological pricing
► Penetration pricing
► Market skimming pricing

Question No: 28 ( Marks: 1 ) - Please choose one
The opportunity to deduct 2 percent from the bill if payment is made within 10 days is a:
► Trade discounts
► Quality discounts
► Cash discount
► Off price discounts

Question No: 29 ( Marks: 3 )
Describe the characteristics of early majority customers.

Question No: 30 ( Marks: 3 )
Psychological pricing is gaining importance day by day with the changing views of customers. In your own sense what are the different hypothesis that lead to the building the process of psychological pricing?


Question No: 31 ( Marks: 5 )
All marketing mix elements vary during the life cycle of a product. Explain how sales promotional strategies changes at different stages of product life cycle

Question No: 32 ( Marks: 5 )
List any five characteristics of a good brand name.