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
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Product quality and colours
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Product design
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Product Size
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Product Trademark
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All of these
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.
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Product Research
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Consumer motivation Research
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Consumer Research
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All of these
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None of these
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.
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Guarantees and Warranties
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Production
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Sales
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Goodwill of Company
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All of these
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.
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Brand and labelling
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Packaging (Wrapper or Container)
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Colour
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Design
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All of these
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showing the product to the customer in a special way
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locating the potential buyers and identification of their needs
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explaining the actual use of the product
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entertaining of queries
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.
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speciality advertising
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sales promotion
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counter display
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window display
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.
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branding
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labelling
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packaging
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range of product
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.
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sales promotion
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advertising
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personal selling
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publicity
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.
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Product mix
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Price mix
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Physical distribution mix
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All of these
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.
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Marketing research
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Risk-bearing
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Branding
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Transportation
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.
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Target of organisation
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Concept of firm
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Resources of the organisation
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Production method
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All of the above
E
Correct answer
Explanation
Correct Answer: All of the above
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Aim of marketing department
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Policy of the firm
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Organisational structure
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Marketing policy
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All of the above
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.
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Retailer or Wholesaler
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Personal Selling
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Advertisement
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Government
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All of these
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.
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suppliers
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rules and policies of government
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customers
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public
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All of the above
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.
Maching the following:
| |
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| List–I (Factor of Marketing Environment) |
List–II (Elements) |
| 1. Marketing Intermediaries |
(a) Distribution |
| 2. Suppliers |
(b) Credit condition |
| 3. Government Rules |
(c) Competition Protection Rules |
| 4. Public |
(d) Shareholders |
|
(e) Consumer |
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1 - (a) 2 - (b) 3 - (c) 4 - (d)
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1 - (e) 2 - (b) 3 - (a) 4 - (d)
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1 - (c) 2 - (a) 3 - (b) 4 - (d)
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1 - (a) 2 - (d) 3 - (c) 4 - (b)
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1 - (b) 2 - (a) 3 - (d) 4 - (e)
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.