FINALTERM EXAMINATION
Spring 2010
MGT301- Principles of Marketing (Session - 4)
Time: 90 min
Marks: 69
Question No: 1 ( Marks: 1 ) - Please choose one
Advertising agencies are an example of which of the following marketing intermediaries? ► Insurance company
► Financial intermediary
► Marketing services agency
► Physical distribution firm
Question No: 2 ( Marks: 1 ) - Please choose one
Maslow has a list of human needs from the most pressing to the least pressing. They include all of the following EXCEPT: ► Physiological needs
► Safety needs
► Need recognition
► Self-actualization
Question No: 3 ( Marks: 1 ) - Please choose one
Mr. Salman works for an organization in which his purchases must be accountable to the public. His buying procedures are extremely complex. Based on this description, he works for an organization in which market type? ► Reseller
► Producer
► Supplier
► Government
Question No: 4 ( Marks: 1 ) - Please choose one
Marketers need to position their brands clearly in target customers’ minds. The strongest brands go beyond attributes or benefit positioning. On which of the following basis the products are positioned? ► Desirable benefit
► Good packaging
► Strong beliefs and values
► Customer image
Question No: 5 ( Marks: 1 ) - Please choose one
Which one of the following statements BEST describes the concept of Price? ► The value that is exchanged for products in a marketing transaction
► Always money paid in a marketing transaction
► More important to buyers than sellers
► Usually the most inflexible marketing mix decision variable
Question No: 6 ( Marks: 1 ) - Please choose one
Sellers that emphasize distinctive product features to encourage brand preferences among customers are practicing: ► Product competition
► Non-price competition
► Brand differentiation
► Product differentiation
Question No: 7 ( Marks: 1 ) - Please choose one
Which one of the following advantages reflects the advantage of product bundle pricing? ► It can promote the sales of products consumers might not otherwise buy
► It offers consumers more value for the money
► It combines the benefits of the other pricing strategies
► It provides a more complete product experience for consumers
Question No: 8 ( Marks: 1 ) - Please choose one
When there is intense price competition, many companies adopt ______rather than cutting prices to match competitors. ► Pricing power
► Value-added strategies
► Fixed costs
► Price elasticity
Question No: 9 ( Marks: 1 ) - Please choose one
If Pepsi sets the price of its six packs to match exactly the price of Coca-Cola's, Pepsi is using which of the following pricing method? ► Demand-oriented
► Cost-oriented
► Experience curve
► Competition-oriented
Question No: 10 ( Marks: 1 ) - Please choose one
The success of each channel member depends on the performance of which of the following? ► Key channel members
► The entire supply chain
► The manufacturer
► The wholesaler
Question No: 11 ( Marks: 1 ) - Please choose one
An organization is issuing a circular regarding the new credit term to all the employees. In this statement, organization is representing what? ► Media
► Source
► Decoder
► Sender
Question No: 12 ( Marks: 1 ) - Please choose one
What does it reflect “The receiver's response to a message”? ► Feedback
► Media
► Noise
► Decoding
Question No: 13 ( Marks: 1 ) - Please choose one
Marketing managers at General Motors are determining what proportion of the budget would be spent on magazine, television and radio advertisements based on the cost and effectiveness of each.What is the name of the plan prepared by the marketers at GM? ► An advertising-allocation plan
► A media plan
► An arbitrary allocation plan
► An objective-task plan
Question No: 14 ( Marks: 1 ) - Please choose one
Mr. Rahil is shopping at a departmental store. He completes an entry form at the checkout for a prize draw which gives him a chance to win a new car. He is participating in which of the following? ► Consumer contest
► Sales contest
► Sales competition
► Consumer sweepstake
Question No: 15 ( Marks: 1 ) - Please choose one
Giving a free sample of a new product by attaching it to the pack of an existing product refers to which one of the following promotion? ► On-pack promotion
► New-product promotion
► Extra-fill promotion
► Co-operative discounting
Question No: 16 ( Marks: 1 ) - Please choose one
Which of the following communication and promotion tools involve direct connections with customers aimed toward building customer-unique value and lasting relationships? ► Personal selling and direct marketing
► Public relation and publicity
► E-commerce and e-business
► Advertising and sales promotion
Question No: 17 ( Marks: 1 ) - Please choose one
Management at Happy Motors must decide what mix of compensation elements to offer their sales force. Which of the following is NOT one of the four basic types of compensation plans? ► Straight commission
► Straight salary
► Salary and commission
► Commission and bonuses
Question No: 18 ( Marks: 1 ) - Please choose one
Which one of the following are low-growth, low-share businesses and products (they may generate enough cash to maintain them, but do not have much future)? ► Dogs
► Cash Cows
► Stars
► Question Marks
Question No: 19 ( Marks: 1 ) - Please choose one
Which one of the following is NOT part of the micro environment? ► Cultural forces
► Financial intermediaries
► Customer markets
► Marketing channel firms
Question No: 20 ( Marks: 1 ) - Please choose one
Which one of the following is the component of an information system that involves collecting information relevant to a specific marketing problem facing the company? ► Marketing research
► Marketing management
► Relationship marketing
► Marketing process
Question No: 21 ( Marks: 1 ) - Please choose one
Which of the following statements about the promotional mix is TRUE? ► The promotional mix only contains four promotional elements
► Of all the promotional elements only public relations is completely free
► Direct marketing is the only promotional element that provides immediate feedback
► The difficulty with effective sales promotions is the fact they can be easily duplicated
Question No: 22 ( Marks: 1 ) - Please choose one
What is the difference between advertising and publicity? ► Advertising is personalized promotion and publicity is mass promotion
► Advertising is presented through the media and publicity is not
► Advertising is paid communication and publicity is free of cost
► Advertising is always positive and publicity is always negative
Question No: 23 ( Marks: 1 ) - Please choose one
Which one of the following marketing activity stimulate consumer purchasing such as coupons, contests, free sample and trade shows? ► Sales promotion
► Publicity
► Personal selling
► Public relation
Question No: 24 ( Marks: 1 ) - Please choose one
Which one of the following is the cheaper source of selling? ► Personal selling
► Non personal selling
► Sales force
► Sales promotion
Question No: 25 ( Marks: 1 ) - Please choose one
What we call where Seller is approached through a medium i.e. advertising? ► Personal selling
► Non personal
► Personification
► Personalization
Question No: 26 ( Marks: 1 ) - Please choose one
Proctor and Gamble periodically sends out coupons and free samples of products. This illustrates P & G's use of which one of the following elements of the promotion mix? ► Advertising
► Personal selling
► Sales promotion
► Publicity
Question No: 27 ( Marks: 1 ) - Please choose one
Which of the following is NOT one of the major logistics functions? ► Order processing
► Cost reduction
► Warehousing
► Inventory management
Question No: 28 ( Marks: 1 ) - Please choose one
Which one of the following is used by a renowned company with well recognized brands for competing against low priced competitors? ► Value pricing
► Fighting brand
► Special sales promotions
► Higher quality products
Question No: 29 ( Marks: 1 ) - Please choose one
Which of the following is among one of the four competitive positions? ► Market controller
► Market positional
► Market leader
► Market observer
Question No: 30 ( Marks: 1 ) - Please choose one
Which of the following is the advantage of competitor-centered company? ► It only matches or extends what others does
► Alertness
► Strategy is built on what others do
► The company becomes too reactive
Question No: 31 ( Marks: 1 ) - Please choose one
Which of the following is true? ► GATT succeeds WTO
► WTO succeeds NAFTA
► WTO succeeds GATT
► NAFTA succeeds GATT
Question No: 32 ( Marks: 1 ) - Please choose one
Offering Pepsi at a lower price during the month of Ramadan is related to which of the following? ► Odd-Even Pricing
► Special-Event Pricing
► Segmented Pricing
► Skimming Pricing
Question No: 33 ( Marks: 1 ) - Please choose one
Companies can reduce their need of inventory stocks by using which of the following? ► Inventory system
► Internet marketing
► Virtual business
► Logistic system
Question No: 34 ( Marks: 1 ) - Please choose one
Through which of the following internet source companies can easily provide their information to customers? ► Websites
► Search engines
► Email
► Chat rooms
Question No: 35 ( Marks: 1 ) - Please choose one
Practice of which of the following concept leads the economy by an invisible hand to satisfy the many and changing needs of millions of consumers? ► The marketing concept
► The production concept
► The selling concept
► Societal marketing concept
Question No: 36 ( Marks: 1 ) - Please choose one
Sony company and the Ericsson company joined together to make a new mobile Sony Ericsson. Thus the two companies joined together to follow a new marketing opportunity. This is known as: ► Conventional Distribution Channel
► Vertical Marketing System
► Horizontal marketing System
► None of the given option
Question No: 37 ( Marks: 1 ) - Please choose one
Which one of the following option refers to “The art and science of choosing target markets and building profitable relationships?” ► Customer Relationship Management
► Knowledge Management
► Total Quality Management
► Marketing Management
Question No: 38 ( Marks: 1 ) - Please choose one
During the summer WAPDA runs advertisements on TV to discourage people from using excessive electricity. This Phenomenon is known as: ► Marketing
► Advertising
► Awareness
► Demarketing
Question No: 39 ( Marks: 1 ) - Please choose one
Mass production at low cost is an attribute of which of the following concepts? ► Production Concept
► Product Concept
► Selling Concept
► Marketing Concept
Question No: 40 ( Marks: 1 ) - Please choose one
In Boston Consulting Group approach, which one of the following options provides a measure of market attractiveness? ► Business portfolio
► Market share
► Market growth rate
► Relative market share
Question No: 41 ( Marks: 1 ) - Please choose one
ABC has been building theme parks for many years. ABC company is identifying and developing new markets for its theme parks. ABC company is implementing which of the following strategies? ► Market penetration
► Market development
► Diversification
► Product development
Question No: 42 ( Marks: 1 ) - Please choose one
A marketing department organization where different marketing activities are headed by a functional specialist (such as a sales manager, advertising manager, etc.) is called: ► Functional Organization
► Geographic Organization
► Product Management Organization
► Customer Management Organization
Question No: 43 ( Marks: 1 ) - Please choose one
An American fast food started its business in Pakistan but failed to make a profit. After performing a marketing research the managers found out that there food was not spicy enough. The managers failed to consider which of the following factor? ► Cultural differences
► Lifestyle differences
► Beliefs and attitudes
► Social class
Question No: 44 ( Marks: 1 ) - Please choose one
Goods which are bought routinely and regularly without giving much thought are called: ► Convenience goods
► Shopping goods
► Specialty goods
► All of the given options
Question No: 45 ( Marks: 1 ) - Please choose one
Dell Computers formed an alliance with Intel Processors creating marketing synergy. Thus two companies form an alliance to work together, creating a new marketing opportunity. This is an example of: ► National Brand
► Private Brand
► License brand
► Co-branding
Question No: 46 ( Marks: 1 ) - Please choose one
The alternatives to increasing the price could be: ► Increasing product size
► Changing the product packaging
► None of the above
► Reducing product size
Question No: 47 ( Marks: 1 ) - Please choose one
There are _____ types of Sales Force Personnel. ► 2
► 3
► 4
► 5
Question No: 48 ( Marks: 1 ) - Please choose one
Which of the following is a market competition strategy? ► Market Leader Strategy
► Market Challenger Strategy
► Market Follower Strategy
► All of the given options
Question No: 49 ( Marks: 3 )
Identify and briefly explain different ways to enter in the international market? Question No: 50 ( Marks: 3 )
It is not an easy task to select any particular media type for the advertisement of any particular product. What factors that one has to consider while selecting any particular media type? Question No: 51 ( Marks: 5 )
What is meant by advertising objective? Why there is a need to set advertising objectives to produce measurable results? Question No: 52 ( Marks: 5 )
What are the basic elements of basic marketing model and their role?Question No: 53 ( Marks: 5 )
Define and differentiate between Catalog Marketing, KIOSK Marketing and Database Marketing.
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