Commerce Accountancy · General Awareness

Marketing Concepts and Strategies

2,245 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.

Brand extension strategiesPricing strategiesGreen marketing conceptsProduct packaging functionsCustomer satisfaction methods

Marketing Concepts and Strategies Questions

Multiple choice
  1. Product quality and colours

  2. Product design

  3. Product Size

  4. Product Trademark

  5. All of these

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

Product attributes include all the tangible and intangible features that define a product, such as quality, design, size, and branding/trademarks.

Multiple choice
  1. Product Research

  2. Consumer motivation Research

  3. Consumer Research

  4. All of these

  5. None of these

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

Research in a business context encompasses various domains including product development, understanding consumer motivations, and broader consumer behavior analysis. Therefore, all the listed options are valid components of research.

Multiple choice
  1. Guarantees and Warranties

  2. Production

  3. Sales

  4. Goodwill of Company

  5. All of these

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

Product attributes refer to the specific features and characteristics of a product, such as quality, design, features, and support services like warranties and guarantees. Production and sales are business processes, and goodwill is a company asset, not a product attribute.

Multiple choice
  1. showing the product to the customer in a special way

  2. locating the potential buyers and identification of their needs

  3. explaining the actual use of the product

  4. entertaining of queries

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

Demonstration is explaining the actual use of the product. Its purpose is to generate the interest and desire of the customer in the product. For example a salesman of Maharaja Whiteline mixergrinder explains its use and operation to the consumer.

Multiple choice
  1. speciality advertising

  2. sales promotion

  3. counter display

  4. window display

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

Right answer because manufacturers distribute free of cost articles such as diaries, wall clocks, purses etc. to their customers. The names of the manufacturer and products manufactured by them are printed on these articles. It reminds the user of the brand name of the firm because of their daily use.

Multiple choice
  1. branding

  2. labelling

  3. packaging

  4. range of product

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

It is branding which is the process of assigning a distinctive name to a product. The product is known and remembered by the name of brand. A brand is a name, term, symbol etc. For instance there is a symbol made on Rath Vanaspati which differentiates it from other products.

Multiple choice
  1. sales promotion

  2. advertising

  3. personal selling

  4. publicity

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

Advertising and sales promotion can only bring in customers. In personal selling a good salesman informs and demonstrates about the product .Therefore a customer is induced to buy a product. So it converts demand into sales, so it is right answer here.

Multiple choice
  1. Product mix

  2. Price mix

  3. Physical distribution mix

  4. All of these

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

All of these, product mix, price mix, physical distribution mix and promotion mix are elements of marketing mix, so it is the correct answer. All of these, product mix, price mix, physical distribution mix and promotion mix are elements of marketing mix, so it is the correct answer.

Multiple choice
  1. Marketing research

  2. Risk-bearing

  3. Branding

  4. Transportation

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

Transportation is not a facilitating function, but function of physical supply. As transportation helps in physical movement of goods from one place to another that is from the place of production to the place of consumption, it creates place utility.

Multiple choice
  1. Aim of marketing department

  2. Policy of the firm

  3. Organisational structure

  4. Marketing policy

  5. All of the above

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

Controllable factors are those that a firm can adjust, such as marketing goals, policies, organizational structure, and specific marketing strategies. All of the listed items fall under the firm's control.

Multiple choice
  1. Retailer or Wholesaler

  2. Personal Selling

  3. Advertisement

  4. Government

  5. All of these

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

Marketing intermediaries are firms that help the company promote, sell, and distribute its goods to final buyers. Retailers and wholesalers are classic examples of such intermediaries.

Multiple choice
  1. suppliers

  2. rules and policies of government

  3. customers

  4. public

  5. All of the above

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

The marketing environment consists of micro-environmental factors (like suppliers and customers) and macro-environmental factors (like government policies and public opinion). All listed items are relevant components of these environments.

Multiple choice
  1. 1 - (a) 2 - (b) 3 - (c) 4 - (d)

  2. 1 - (e) 2 - (b) 3 - (a) 4 - (d)

  3. 1 - (c) 2 - (a) 3 - (b) 4 - (d)

  4. 1 - (a) 2 - (d) 3 - (c) 4 - (b)

  5. 1 - (b) 2 - (a) 3 - (d) 4 - (e)

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

Marketing intermediaries handle distribution, suppliers provide credit conditions, government rules protect competition, and the public includes shareholders. Option A provides the correct mapping.