Tag: pricing

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Multiple choice organisation of commerce and management marketing mix promotion and promotional techniques pricing promotion meaning and objectives of pricing pricing strategies

Promotion-mix includes ______.

  1. advertising and personal selling

  2. sales promotion

  3. public relations

  4. all of the above
Reveal answer Fill a bubble to check yourself
D 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 organisation of commerce and management marketing mix promotion and promotional techniques pricing promotion meaning and objectives of pricing pricing strategies

________ is an unpaid form of communication.

  1. Personal selling

  2. Publicity

  3. Advertising

  4. Face to face communication
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Publicity is defined as a non-paid form of communication that reaches the public through media channels, unlike advertising which is paid for by the sponsor.

Multiple choice organisation of commerce and management marketing mix promotion and promotional techniques pricing promotion meaning and objectives of pricing pricing strategies

________ refers to offering extra quantity of the product. It is commonly used by marketer of FMCG products.

  1. Rebate

  2. Refund

  3. Discount

  4. Quantity gifts
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Quantity gifts, or bonus packs, involve providing extra product at the same price, a common sales promotion tactic used in the FMCG sector to encourage bulk buying.

Multiple choice organisation of commerce and management marketing mix promotion and promotional techniques pricing promotion meaning and objectives of pricing pricing strategies

Which of the following means the special right given by a manufacturer or a parent organization to another individual or firm to sell to the former's product or service in a specified given area(s)?

  1. Franchise

  2. Network marketing

  3. Indirect marketing

  4. All of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

A franchise is a contractual relationship where a franchisor grants a franchisee the right to operate a business using the franchisor's brand and methods in a specific territory.

Multiple choice organisation of commerce and management marketing mix promotion and promotional techniques pricing promotion meaning and objectives of pricing pricing strategies

Franchising is...............

  1. Purchasing all parts of the company

  2. Allowing another party to use product or service under owner's name

  3. Joining two or more companies

  4. A company acquiring another company at its will
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Franchising is a business arrangement where a party (the franchisee) is granted the right to use the trademark and business model of another party (the franchisor) to sell goods or services.

Multiple choice organisation of commerce and management marketing mix promotion and promotional techniques pricing promotion meaning and objectives of pricing pricing strategies

Which one of the following is the correct sequence in sample design?
i. Sampling unit
ii. Size of samples
iii. Type of universe
iv. Source list
v. Sampling procedure

  1. $i, ii, iii, iv, v$

  2. $iii, iv, i, ii, v$

  3. $iii, i, iv, ii, v$

  4. $iii, v, i, iv, ii$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The logical sequence for sample design is: 1) Define the universe (iii), 2) Define the sampling unit (i), 3) Prepare the source list (iv), 4) Determine sample size (ii), and 5) Execute the sampling procedure (v).

Multiple choice organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

Fundamental characteristic(s) of relevant costs:
I. They are future costs
II. They differ between alternatives
III. They are Marginal costs
IV. They are fixed costs.

  1. I and II are correct

  2. III and IV are correct

  3. I and III are correct

  4. All are correct
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Relevant costs for decision-making must be future-oriented and must differ between the alternatives being considered. Past costs (sunk costs) are irrelevant.

Multiple choice organisation of commerce and management marketing mix meaning and objectives of pricing pricing strategies pricing

Internal factors of product pricing includes.

  1. Demand and competition

  2. Cost and demand

  3. Market channels and demand

  4. Cost and objectives
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Internal factors affecting pricing include the company's cost structure and its strategic objectives. External factors include demand, competition, and market conditions.