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Exam Answer Quiz
Exam Answer Quiz
SECTION A
Ans:D
Ans:C
Ans:D
Ans: D
(5). The Trading and Profit and Loss account is also called
A. Balance Sheet
B. Cash Flow Statement
C. Income Statement
D. Trial Balance
Ans:C
Ans: C
(7). The promotion “P” of marketing is also known as ________.
A. Marketing Communication
B. Product Differentiation
C. Distribution
D. Cost
Ans : A
(8). ________ pricing is the approach of setting a low initial price in order to attract a large
number of buyers quickly and win a large market share.
A. Market-skimming
B. Market-penetration
C. Value-based
D. Leader
Ans:B
(9). Customer’s evaluation of the difference between all the benefits and all the costs of a
marketing offer relative to those of competing offers refers to which of the following options?
A. Customer satisfaction
B. Customer perceived value
C. Marketing myopia
D. Customer relationship management
Ans: A
(10). In ____, the needs are arranged in order as per their importance ( basic to complex).
A. Maslow need theory
B. Herzberg theory
C. Satisfaction theory
D. Two factors theory
Ans: A
SECTION B
(1). What is Market?
A market is an arrangement between buyers and sellers to exchange goods or services for money.
Markets are the fundamental means by which scarce resources are allocated a price, and are
essential to the operation of the price mechanism.
(2). Describe SWOT analysis?
SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to
evaluate a company's competitive position and to develop strategic planning. SWOT analysis
assesses internal and external factors, as well as current and future potential.
(3). How do you understand the term Human source management?
Human resources (HR) is the division of a business that is charged with finding, screening,
recruiting, and training job applicants, as well as administering employee-benefit programs.
(4). Compare the efficient and effective.
efficiency is the state of attaining the maximum productivity, with least effort spent,
effectiveness is the extent to which something is successful in providing the desired result.
Case Study
R,V and M are three women entrepreneurs who are engaged in dealing with handicraft goods under
the brand name “Gujkriti”through a chain of retail outlets at five different places in delhi.Their
outsource all their products from tribal and rural women in the state of Rajasthan.R is of the opinion
that in order to increase the sale of their products,they should advertise about it on television
.But,M is arguing the advertisement expenses will add to cost of operation. Where as V is insisting
that they should set up an online portal to market their products a cross the globe.
In the context of above case:
1.Identify the tool of promotion being taken into consideration by R by quoting lines from the
paragraph.
2.How is the channel of distribution being suggested by V different from the channel of distribution
being used by them presently?
3.Do you think that M is justified in here argument that advertisement expenses will add to cost of
operation?
SECTION D
Marketing concepts strongly influence the role of marketing and marketing activities within an
organization. Name and briefly describe each of these concepts.