Commerce Accountancy · General Awareness

Marketing Concepts and Strategies

2,239 Questions

Marketing concepts and strategies form the core of understanding consumer behavior, brand management, and product distribution. This hub covers essential topics like green marketing, packaging, pricing, and market structures. These questions are highly relevant for IBPS, SBI, and other banking examination preparation.

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Marketing Concepts and Strategies Questions

Multiple choice

What do cult brands depend upon?

Directions: Read the passage and answer the following question.

The customer of today is different from the one of yesteryears. Today’s customer knows how to avoid marketing efforts directed at him. He has a caller ID on his telephone to block unwanted calls, a spam and popup blocker on his Internet. He even has a TiVo which records his favorite TV programs, minus the advertisements. Traditional branding models using traditional media will no longer work. As someone once said, “How do you become a millionaire?” "Become a billionaire and then buy an airline !” Then someone modified it and said, “buy a newspaper!” With advertising revenues dwindling steadily, traditional media like newspapers, magazines are singing their swan song too, making brand building more challenging.

When Wieden + Kennedy created the ”Just Do It” campaign for Nike, TV and print helped spread the magic of ‘swoosh’ the world over. Today, Nike is finding itself out -of -sync with its target consumers, for they are now tuning into different forms of media . It's more the digital and interactive ones that have got them hooked . Almost all top brands today have started spending less and less on advertising . MacDonald’s has cut its TV ads from 80% to 50%. Samsung, unlike Sony, advertises on TV only during the last six months of the year when sales peak.

Like most cult brands, Ikea too spends very less money on advertising. They prefer to generate a word- of- mouth. Johnson and Johnson, which traditionally spent a lot on TV and print, changed its media spending pattern last year. Plain advertising is no longer working and marketers need to look beyond the comfort of 30-second TV spots . The new generation is, in fact, averse to “in- your- face –marketing” efforts. One needs to think of novel ways of reaching out to today’s customers.
  1. Advertising

  2. Word of mouth

  3. Internet advertising

  4. All of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

As per the passage 'Like most cult brands, Ikea too spends very less money on advertising. They prefer to generate a word of mouth'.

Multiple choice

What is the meaning of 'in your face marketing'?

Directions: Read the passage and answer the following question.

The customer of today is different from the one of yesteryears. Today’s customer knows how to avoid marketing efforts directed at him. He has a caller ID on his telephone to block unwanted calls, a spam and popup blocker on his Internet. He even has a TiVo which records his favorite TV programs, minus the advertisements. Traditional branding models using traditional media will no longer work. As someone once said, “How do you become a millionaire?” "Become a billionaire and then buy an airline !” Then someone modified it and said, “buy a newspaper!” With advertising revenues dwindling steadily, traditional media like newspapers, magazines are singing their swan song too, making brand building more challenging.

When Wieden + Kennedy created the ”Just Do It” campaign for Nike, TV and print helped spread the magic of ‘swoosh’ the world over. Today, Nike is finding itself out -of -sync with its target consumers, for they are now tuning into different forms of media . It's more the digital and interactive ones that have got them hooked . Almost all top brands today have started spending less and less on advertising . MacDonald’s has cut its TV ads from 80% to 50%. Samsung, unlike Sony, advertises on TV only during the last six months of the year when sales peak.

Like most cult brands, Ikea too spends very less money on advertising. They prefer to generate a word- of- mouth. Johnson and Johnson, which traditionally spent a lot on TV and print, changed its media spending pattern last year. Plain advertising is no longer working and marketers need to look beyond the comfort of 30-second TV spots . The new generation is, in fact, averse to “in- your- face –marketing” efforts. One needs to think of novel ways of reaching out to today’s customers.
  1. Blatant marketing

  2. Bold marketing

  3. Right marketing

  4. Punk marketing

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

'In your face marketing' means marketing that is very direct and candid.

Multiple choice

Which of the following statements is true according to the passage?

Directions: Read the passage and answer the following question.

The customer of today is different from the one of yesteryears. Today’s customer knows how to avoid marketing efforts directed at him. He has a caller ID on his telephone to block unwanted calls, a spam and popup blocker on his Internet. He even has a TiVo which records his favorite TV programs, minus the advertisements. Traditional branding models using traditional media will no longer work. As someone once said, “How do you become a millionaire?” "Become a billionaire and then buy an airline !” Then someone modified it and said, “buy a newspaper!” With advertising revenues dwindling steadily, traditional media like newspapers, magazines are singing their swan song too, making brand building more challenging.

When Wieden + Kennedy created the ”Just Do It” campaign for Nike, TV and print helped spread the magic of ‘swoosh’ the world over. Today, Nike is finding itself out -of -sync with its target consumers, for they are now tuning into different forms of media . It's more the digital and interactive ones that have got them hooked . Almost all top brands today have started spending less and less on advertising . MacDonald’s has cut its TV ads from 80% to 50%. Samsung, unlike Sony, advertises on TV only during the last six months of the year when sales peak.

Like most cult brands, Ikea too spends very less money on advertising. They prefer to generate a word- of- mouth. Johnson and Johnson, which traditionally spent a lot on TV and print, changed its media spending pattern last year. Plain advertising is no longer working and marketers need to look beyond the comfort of 30-second TV spots . The new generation is, in fact, averse to “in- your- face –marketing” efforts. One needs to think of novel ways of reaching out to today’s customers.
  1. Companies are increasing traditional advertising expenditure.

  2. Companies are decreasing traditional advertising expenditure.

  3. Advertising expenditures are constant.

  4. None of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

 The passage talks about how companies are now moving away from traditional methods of advertising.

Multiple choice

Cult brand means _________.

Directions: Read the passage and answer the following question.

The customer of today is different from the one of yesteryears. Today’s customer knows how to avoid marketing efforts directed at him. He has a caller ID on his telephone to block unwanted calls, a spam and popup blocker on his Internet. He even has a TiVo which records his favorite TV programs, minus the advertisements. Traditional branding models using traditional media will no longer work. As someone once said, “How do you become a millionaire?” "Become a billionaire and then buy an airline !” Then someone modified it and said, “buy a newspaper!” With advertising revenues dwindling steadily, traditional media like newspapers, magazines are singing their swan song too, making brand building more challenging.

When Wieden + Kennedy created the ”Just Do It” campaign for Nike, TV and print helped spread the magic of ‘swoosh’ the world over. Today, Nike is finding itself out -of -sync with its target consumers, for they are now tuning into different forms of media . It's more the digital and interactive ones that have got them hooked . Almost all top brands today have started spending less and less on advertising . MacDonald’s has cut its TV ads from 80% to 50%. Samsung, unlike Sony, advertises on TV only during the last six months of the year when sales peak.

Like most cult brands, Ikea too spends very less money on advertising. They prefer to generate a word- of- mouth. Johnson and Johnson, which traditionally spent a lot on TV and print, changed its media spending pattern last year. Plain advertising is no longer working and marketers need to look beyond the comfort of 30-second TV spots . The new generation is, in fact, averse to “in- your- face –marketing” efforts. One needs to think of novel ways of reaching out to today’s customers.
  1. brand with a slight following

  2. brand with a mass following

  3. brand without following

  4. brand associated with a cult

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

 Cult brands refer to the brands that are known and already have a huge number of loyal consumers. 

Multiple choice

What is TiVo used for?

Directions: Read the passage and answer the following question.

The customer of today is different from the one of yesteryears. Today’s customer knows how to avoid marketing efforts directed at him. He has a caller ID on his telephone to block unwanted calls, a spam and popup blocker on his Internet. He even has a TiVo which records his favorite TV programs, minus the advertisements. Traditional branding models using traditional media will no longer work. As someone once said, “How do you become a millionaire?” "Become a billionaire and then buy an airline !” Then someone modified it and said, “buy a newspaper!” With advertising revenues dwindling steadily, traditional media like newspapers, magazines are singing their swan song too, making brand building more challenging.

When Wieden + Kennedy created the ”Just Do It” campaign for Nike, TV and print helped spread the magic of ‘swoosh’ the world over. Today, Nike is finding itself out -of -sync with its target consumers, for they are now tuning into different forms of media . It's more the digital and interactive ones that have got them hooked . Almost all top brands today have started spending less and less on advertising . MacDonald’s has cut its TV ads from 80% to 50%. Samsung, unlike Sony, advertises on TV only during the last six months of the year when sales peak.

Like most cult brands, Ikea too spends very less money on advertising. They prefer to generate a word- of- mouth. Johnson and Johnson, which traditionally spent a lot on TV and print, changed its media spending pattern last year. Plain advertising is no longer working and marketers need to look beyond the comfort of 30-second TV spots . The new generation is, in fact, averse to “in- your- face –marketing” efforts. One needs to think of novel ways of reaching out to today’s customers.
  1. To record adverts

  2. To record programs

  3. To record both programs and adverts

  4. None of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The first paragraph contains the answer; ' He even has a TiVo which records his favourite TV programs, minus the advertisements.'.

Multiple choice

Which of the following options do we need for attracting today's consumer?

Directions: Read the passage and answer the following question.

The customer of today is different from the one of yesteryears. Today’s customer knows how to avoid marketing efforts directed at him. He has a caller ID on his telephone to block unwanted calls, a spam and popup blocker on his Internet. He even has a TiVo which records his favorite TV programs, minus the advertisements. Traditional branding models using traditional media will no longer work. As someone once said, “How do you become a millionaire?” "Become a billionaire and then buy an airline !” Then someone modified it and said, “buy a newspaper!” With advertising revenues dwindling steadily, traditional media like newspapers, magazines are singing their swan song too, making brand building more challenging.

When Wieden + Kennedy created the ”Just Do It” campaign for Nike, TV and print helped spread the magic of ‘swoosh’ the world over. Today, Nike is finding itself out -of -sync with its target consumers, for they are now tuning into different forms of media . It's more the digital and interactive ones that have got them hooked . Almost all top brands today have started spending less and less on advertising . MacDonald’s has cut its TV ads from 80% to 50%. Samsung, unlike Sony, advertises on TV only during the last six months of the year when sales peak.

Like most cult brands, Ikea too spends very less money on advertising. They prefer to generate a word- of- mouth. Johnson and Johnson, which traditionally spent a lot on TV and print, changed its media spending pattern last year. Plain advertising is no longer working and marketers need to look beyond the comfort of 30-second TV spots . The new generation is, in fact, averse to “in- your- face –marketing” efforts. One needs to think of novel ways of reaching out to today’s customers.
  1. Time tested methods

  2. Traditional models

  3. Novel ways of marketing

  4. All of the above

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

 It can be inferred from the passage that traditional methods of advertising have lost its mark, what is required now is 'out of the box' ideas to capture the consumers.

Multiple choice
  1. It makes the brand memorable.

  2. It is killing for the brand image.

  3. One must be very cautious about it.

  4. None of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Multiple choice
  1. Products/Services

  2. Sales and Sales Promotion

  3. Profit by sales

  4. All of these

  5. None of these

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The traditional or old concept of marketing was primarily production and sales oriented, focusing on maximizing sales volume and profit through aggressive promotion rather than customer needs.

Multiple choice
  1. Old concept of marketing

  2. New concept of marketing

  3. Accounting

  4. Cost

  5. Budget

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Modern marketing emphasizes building relationships and creating value, where sales promotion is used as a strategic tool to engage customers and drive demand.

Multiple choice
  1. New concept of marketing

  2. Old concept of marketing

  3. Finance

  4. Production

  5. Price

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The new or modern concept of marketing shifts the focus from just selling products to satisfying customer needs and building long-term satisfaction.

Multiple choice
  1. Barter System

  2. Production-orientation

  3. Sales-orientation

  4. Marketing-orientation

  5. All of these

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

The evolution of marketing resulted from various stages, including the barter system, production-oriented eras, sales-oriented eras, and finally the modern marketing-oriented era.

Multiple choice
  1. Direct marketing

  2. Sales Team

  3. Public Relation or Publicity

  4. Advertisement

  5. All of these

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

The promotion mix is a combination of various communication tools including advertising, personal selling, public relations, and direct marketing used to reach the target audience.

Multiple choice
  1. Advertisement

  2. Personal Selling

  3. Packaging

  4. Quality or Standardisation of a Product

  5. A and B are both

Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

The promotion mix consists of tools used to communicate with customers, which includes both advertisement and personal selling.

Multiple choice
  1. Seller's view

  2. Buyer's or customer's view

  3. Product's view

  4. All of these

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The traditional 4P marketing mix (Product, Price, Place, Promotion) was developed from the perspective of the seller or the firm, focusing on what they offer to the market.