Tag: elements of business

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Questions Related to elements of business

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

Road blocking advertisement is ________.

  1. advertising a product by blocking a road.

  2. putting an advertisement on a blocked road.

  3. a technique of gathering potential customers on the road.

  4. advertising a product on all similar TV/Radio channels at the same time.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Road blocking advertisement is an an advertising strategy or a method in which a commercial is broadcast simultaneously on various radio stations and/or television channels. This leads to blocking the road for the competitors to broadcast their advertisements. 

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

Which one of the following is not matched correctly ?

  1. Sales Portfolio - Internal Sales Promotion

  2. Merchandise Allowance - Dealer Promotion

  3. Count and Recount of Stock - Consumer Promotion

  4. Advertising - Market Promotion
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Sales Portfolio is generally not categorized as an internal sales promotion tool; it is a strategic tool for managing product lines. The other pairings correctly identify common promotional categories.

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

The promotion mix of a company consists of these.

  1. Marketing communication, promotion decisions

  2. Personal selling, product objectives

  3. Advertising, personal selling, sales promotion, publicity and public relations

  4. Consumer psychology, buyers motives, brand equity
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Promotional mix is a market of 4P's of marketing. Promotional mix give various tools and strategies as of how a product can be promoted. Advertising personal selling, sales promotion, publicity and public relations are the main tools of promoting a company's product and making customers aware about the company offers.

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

Discounts, coupons, contests, free samples and offering extra quantity etc., are the examples of __________.

  1. Sales Promotion

  2. Personal Selling

  3. Channels of distribution

  4. None of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Examples include contests, coupons, freebies, loss leaders, point of purchase displays, premiums, prizes, product samples, and rebates.Sales promotions can be directed at either the customer, sales & staff, or distribution channel members (such as retailers).

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

Providing information to the customers about product, its features and quality etc., are part of:

  1. Production

  2. Promotion

  3. Pricing

  4. None of the above
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In marketing, promotion is advertising a product or brand, generating sales, and creating brand loyalty. It is one of the four basic elements of the market mix, which includes the four P's: price, product, promotion and place.

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

_______ is highly flexible as the message can be adjusted.

  1. Advertising

  2. Personal selling

  3. Sales promotion

  4. Social media marketing
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Personal selling is highly flexible because the salesperson can adapt the message, tone, and presentation in real-time based on the customer's reactions and needs.

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

Which of the following is not a part of sales promotion activities?

  1. Discounts

  2. Lucky draw

  3. Online marketing

  4. Refunds
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Sales promotion is a pull marketing technique. It is done by providing various offers and discounts to the customers. The company can also motivate dealers and distributors of the distribution channel by offering commission, gifts, etc.  Online marketing does not qualify as a sales promotion as it does not offer any incentive to the consumer on the purchase of the company's product. 

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

Caveat emptor means _________.

  1. let the seller beware

  2. let the buyer beware

  3. let the producer beware

  4. let the agent beware
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

'Caveat emptor' is a Latin term that means 'let the buyer beware'. It is assumed that the buyer assumes the risk that a product may fail to meet expectations or have defects. The principle of 'caveat emptor' serves as a warning that buyers might not have any recourse with the seller if the product does not meet their expectations.

Multiple choice elements of business sales promotion promotion and promotional techniques promotion meaning, role and techniques of sales promotion pricing

Which of the following statement is not true?

  1. Advertisements are never targeted to improve sales

  2. Advertisements are prepared by professional agencies

  3. Advertisements make positive impact on sales

  4. Advertisements are expensive.
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Advertising is a part of promotional mix that uses audio or video or both form of marketing communication. The ethics in advertising underlines that truth and facts about the product ha to be communicated to consumers. Advertisements are aimed at persuading consumers to buy the company's product which would lead to improving sales and increasing company's revenue.