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FINALTERM EXAMINATION
Fall 2008
MGT301- Principles of Marketing (Session - 1)
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► Strongest form of quota
► Heavy trade deficit
Which one of the following is designated as a runner-up firm that chooses not to rock the boat
(usually out of fear that it stands to lose more than it might gain)?
► Market leader
► Market challenger
► Market follower
► Market niche M
O
Question No: 3 ( Marks: 1 ) - Please choose one
g .C
Review of the sales, costs and profit projections for a new product to find out whether these
i n
factors satisfy the company’s objectives comes under which one of the following concepts?
.t n
► Business Analysis
► Product Development
► Test Marketing
► Commercialization
n a
Question No: 4 ( Marks: 1 )
an
- Please choose one
u j
concept of market _____________ arranges for a product to occupy a clear, distinctive, and
The
. v
desirable place relative to competition.
► Positioning
► Place
► Price W
► Product
W
Question No: 5
W( Marks: 1 ) - Please choose one
Which one of the following authorities might use several tools like news, speeches and special
events for the marketing purpose?
► Advertising agencies
► Advertising specialists
Lobbying or building and maintaining relations with legislators and government officials to
influence legislation and regulation are part of which one of the following options?
► Business ethics
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► Press relations
► Press agencies
► Public relations
i n
growing trend for many companies is to use a group of people from sales, marketing,
.t n
engineering, finance, technical support and even upper management to service large, complex
accounts. It refers to which one of the following approaches?
► Department selling
► Multiple selling
n a
► Team selling
► Simultaneous selling
an
Question No: 9 ( Marks: 1 )
u j
- Please choose one
. v
reduce time demands on their outside sales forces, many companies have increased the size of
To
W
their inside sales forces, which include technical support people and sales assistants. Which one
of the following can also be another part of the sales force?
W
► Order takers
► Order getters
W
► Telemarketers
► Secretaries
When a firm sets out to analyze, plan, implement, and control sales force activities through sales
force management. What does it set and design?
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principles of personal selling described as which one of the following orientation?
► Service orientation
► Customer orientation
► Transaction orientation
► Relationship orientation
M
Which of the following communication and promotion tools involve direct connections with
customers aimed toward building customer-unique value and lasting relationships?
► Personal selling and direct marketing
O
► Public relation and publicity
► E-commerce and e-business
► Advertising and sales promotion g .C
i n
.t n
Question No: 13 ( Marks: 1 ) - Please choose one
The
W
Fraudulent usage, inability to attract potentially brand-loyal customers and use by current
customers but not new customers are believed to be disadvantages of which of the following?
W
► Money refunds
► Frequent-user incentives
► Coupons
► Premiums
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which of the following advertising a company directly or indirectly compares its brand with one
or more other brands?
► Informative advertising
► Institutional advertising
► Reminder advertising
► Comparative advertising
M
Communication through a news story regarding an organization or its products that is transmitted
O
through a mass medium at no charge, refers to which one of the following promotion mix?
.C
► Advertising
► Sales promotion
► Personal selling
n g
► Public relations
i
Question No: 18 ( Marks: 1 )
.t n
- Please choose one
n a
Slow feedback, high costs and difficulty in measuring effects on sales are disadvantages of
n
which one of the following promotion mix ingredient?
a
► Public relations
► Sales promotion
u j
► Personal selling
► Advertising
. v
Question No: 19
W
( Marks: 1 ) - Please choose one
W
Which one of the following takes possession of truckloads of tomatoes, arranges for storage, and
transports them to auctions to be sold?
W
► Selling agent
► Commission broker
► Commission merchant
► Selling broker
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If a
retailer needed help with store design and training sales personnel, it would most likely use the
services of which of the following wholesalers?
► Full-service wholesaler
► Full-price wholesaler
► Rack jobber
► Cash-and-carry wholesaler
n
n
Which one of the following concept reflects the term “Order processing”?
a
► Is the same as order handling
u j
► Is characterized by electronic processing
. v
► Is the receipt and transmission of sales order information
► Is the second stage in a physical distribution system
Question No: 24 W
( Marks: 1 ) - Please choose one
W
Order processing, inventory management, materials handling, warehousing, and transportation
W
fall under which of the following activities?
► Wholesaling
► Retailing
► Physical distribution
► Channel management
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Question No: 26 ( Marks: 1 ) - Please choose one
Nationally distributed consumer convenience products such as cigarettes are MOST likely
distributed through which of the following channels?
n a
Question No: 28 ( Marks: 1 )
n
- Please choose one
a
j
Which one of the following statement about price changes is TRUE?
u
. v
► Large-market share brands are hurt more by price changes than smaller companies
► Temporary retail price reductions substantially decrease store traffic
W
► Brand equity is unaffected by frequent price changes
► Price changes for high-quality brands affect private label brands and weaker brands
W
disproportionately
Question No: 29
W ( Marks: 1 ) - Please choose one
Which one of the following pricing policy may result in losing money on the product?
► Psychological discounting
► Penetration pricing
► Special-event pricing
Quantity discounts are a legal form of price discrimination. A quantity discount is a price
reduction to buyers who purchase _____.
► Large volumes
► Inferior merchandise
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► Superior merchandise
► Frequently
Which one of the following pricing method is the simplest pricing method?
► Value-based
► Fixed cost
► Cost-based
► Skimming M
O
Question No: 32 ( Marks: 1 ) - Please choose one
g .C
When Kodak sets the general price range, low for its cameras and set high for its related film , it
is practicing which one of the following pricing?
i n
.t n
► Market-penetration pricing
► Market-skimming pricing
► Product line pricing
► Captive-product pricing
n a
Question No: 33 ( Marks: 1 )
an
- Please choose one
u j
Which of the following is NOT a major factor for making firms price decisions?
► Environmental factors . v
► Marketing objectives
► Past sales W
W
► Marketing mix strategy
Question No: 34
W ( Marks: 1 ) - Please choose one
Which one of the following statement reflects the market share pricing objective?
► Is not recommended when sales for the total industry are declining
► Is not especially useful when sales for the total industry are increasing
► Is not especially useful when sales for the total industry are flat
► Awareness
► Interest
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► Trial
► Adoption
Which of the following are industrial products that aid in the buyer’s production or operations,
including installations and accessory equipment?
► Materials
► Specialty items
► Capital items
► Supplies M
O
Question No: 37 ( Marks: 1 ) - Please choose one
g .C
What is the stage of the buyer decision process in which the consumer uses information to
evaluate brands in the choice set?
i n
► The alternative evaluation stage
.t n
► The situational stage
► The experimental stage
n a
► The informative stage
an
Question No: 38 ( Marks: 1 )
j
- Please choose one
u
. v
Which one of the following factor influences the consumer buying decision process?
► Person-specific
► Social W
W
► Demographic
► Situational
Marketing researchers usually draw conclusions about large groups of consumers by studying
which of the following small component of the total consumer population?
► Group
"Consumers are spending more on products and services that will improve their lives rather than
their image” reflects which aspect of the cultural environment?
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► People's view of themselves
► People's view of organizations
► People's view of nature
Which one of the following is NOT a part of marketing channel firms (intermediaries)?
an
► Convenience, communication, coverage, cost
► Cost, coverage, communication, consultancy
. v
Which of the following is an intensive growth strategy of increasing sales in current markets
with current products?
W
W
► Market development
W
► Market penetration
► Product development
► Market saturation
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of market attractiveness?
► Business portfolio
► BCG matrix
► Market growth rate
► Relative market share
M
Which one of the following statements is an example of a problem that may arise in the
implementation of the marketing concept?
O
g
► Consumers do not understand what the marketing concept is
► Dealers do not support the marketing concept
.C
► Dissatisfaction of one segment affects the satisfaction of other segments
n a
Which one of the following statements by a company chairman BEST reflects the marketing
concept?
an
► We have organized our business to satisfy the customer needs
u j
► We believe that marketing department must organize to sell what we produce
► We try to produce only high quality, technically efficient products
. v
► We try to encourage company growth in the market
Question No: 48
W
( Marks: 1 ) - Please choose one
W
What does this statement shows “Trade of value between two parties”?
► Competition
► Exchange
► Need
W
► Transaction
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Which one the following option is related with this statement “Rapid imitation of leader or
challenger with moderate country market coverage and emphasis on price sensitive markets. The
result is overall moderate share with high shares in selected country markets.”
► Global leader strategy
► Global challenger strategy
► Global follower strategy
► Global niche strategy
W
Sales promotion is one of the methods of promoting the product in the market. How would you
describe it and how many types of Sales Promotion?
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• Advertising specialties: These are useful things on which the name of advertiser is
written and given to buyers as a gift.
• Price Packs: They offer a saving off the regular price of product. Reduced price is
marked by the producer directly on the label.
• Contests: Contests give consumer the chance to win something.
When choosing a distribution strategy a marketer must determine what value a channel member
M
adds to the firm’s products. So marketer must assess the benefits received from utilizing a
O
channel partner. Discuss the benefits Offered by Channel Members in detail?
g .C
ANS: DISTRIBUTION/MARKETING CHANNEL: Marketing channel or distribution
channel is a set of independent organizations who are involved in the process of making the
product available to the consumers.
i n
Each member in the distribution channel adds a value to the supply chain. Therefore
• Information
n a
The channel members offer a number of benefits which are as follows
• Matching
• Contact
a n
• Negotiation
• Promotion u j
• Physical distribution v
W
Question No: 54 W ( Marks: 10 )
W
What do you understand by direct marketing; discuss the advantages of direct marketing?
ANS: DIRECT MARKETING: Direct marketing is the act of narrowly targeting and one to
one marketing. Its main aim is to develop long term customer relationship. The marketers
interact with customers on a one to one basis.
There are various forms of direct marketing.
Advantages of direct marketing:
M
O
g .C
i n
.t n
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. v
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Instructions
Please read the following instructions carefully before attempting any of the
questions:
**WARNING: Please note that Virtual University takes serious note of unfair means.
Anyone found involved in cheating will get an `F` grade in this course. Every paper has
four subjective questions while 10 objective questions
The stage in the product life cycle in which the marketing objective is to maximize profit while
defending market share is the _______________ stage.
1 Introduction
2 Growth
3 Rejuvenation
4 Maturity (moderate)
5 Decline
1 True
2 False
List and briefly describe the steps involved in the personal selling process. Which step do
you think is most difficult for the average salesperson? Which step is the most critical to
successful selling? Which step do you think is usually done most correctly? Explain each of
your choices
3 True
4 False
a) List and describe each of the channel functions that have been traditionally assigned to
wholesalers. How will wholesalers have to change in order to meet the threat of
increasing competition from larger retailers? From direct marketers?
Select a familiar company and assume that you are an idea manager responsible for
generating new-product ideas. How would you structure your new-product development
process? What sources of new ideas would be most valuable?
Characteristics of business markets include that there are more buyers and larger buyers
5 True
6 False
7 True
8 False
9 True
10 False
1 Information search
2 Evaluation of alternatives
3 Purchase decision
4 Location of alternatives
5 Recognition of the need or problem (moderate)
When compared to the consumer market, the demand for goods and services in the business
market is _______________.
Discuss the three general pricing approaches and select an example to illustrate the primary
characteristics unique to each general approach?
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Connecting VU Students
FINAL TERM EXAMINATION Total Marks: 50
SEMESTER FALL 2004
Duration: 120min
MGT 301 PRINCIPLES OF MARKETING (PAPER 3) Off line
StudentID/LoginID
Name
PVC Name/Code
Date
Please read the following instructions carefully before attempting any of the
questions:
1. Attempt all questions. Marks are written adjacent to each question.
**WARNING: Please note that Virtual University takes serious note of unfair
means. Anyone found involved in cheating will get an `F` grade in this course.
Every paper has four subjective questions carrying 10 marks each and 10
objective questions carrying 1 mark each.
2. Do not ask any questions about the contents of this examination from
anyone.
a. If you think that there is something wrong with any of the questions,
attempt it to the best of your understanding.
b. If you believe that some essential piece of information is missing, make
an appropriate assumption and use it to solve the problem.
c. Write all steps, missing steps may lead to deduction of marks.
1.True
2.False
Direct marketing includes sales presentations, trade shows, and incentive programs.
1.True
2.False
Question No Marks:1
During the presentation step of the selling process, the salesperson tells the product “story” and
explains the product benefits to the customer.
1. True
2. False
1. True
2. False
Publicity is news coverage, which is not paid for by the firm named in the news story.
1. True
2. False
Which of the following products would most likely to be sold through the direct channel of
distribution?
a. Toothpaste
b. Canned fruit juices
c. Shampoo
d. Deodorant
e. Airplanes
Before deciding whether to operate internationally, a company must thoroughly understand the
____
a. management contract
b. economic community
c. international marketing environment
d. adapted marketing mix
e. none of above
Each promotional tool has unique characteristics and costs. Marketers must
example, demonstrate how each of the promotional tools might be used to create
an integrated marketing communications approach for the upcoming year.
Outline the three major steps in target marketing. Explain the four major segmenting variables
for consumer markets.
a)Companies bringing out a new product can choose between two broad strategies:
Market-skimming pricing and market-penetration pricing. Distinguish between them.
b) Explain the factors involved in setting international pricing.
Define Wholesaling, How Can We Differentiate Full Service Wholesalers from limited
services wholesalers. Briefly describe the functions performed by wholesalers?
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FINALTERM EXAMINATION
FALL 2007 Marks: 60
MGT301 - PRINCIPLES OF MARKETING (Session - 3 ) Time: 150min
StudentID/LoginID: ______________________________
Please read the following instructions carefully before attempting any question:
1. Write your student ID, Name and Centre Name /Code on the question paper as well as on
answer sheet; Failure to do so will result in paper cancellation.
2. All questions are compulsory.
3. This exam consists of 15 Multiple Choice Questions (MCQs) carrying 1 mark each, 5 true
false carrying 1 mark each, 5 fill in the blanks carrying 1 mark each, 3 short question
carrying 5 marks each and 2 descriptive questions carrying 10 marks each.
4. For each MCQ, read the choices available carefully and “Encircle” (don’t tick mark) one
which you consider is the most suitable answer. Zero marks will be given if more than one
option is “Encircled”.
5. Write only one most suitable answer for fill in the blanks. More than one answer will be
marked zero.
6. Cutting and overwriting in objective type questions (MCQs, Fill in the blanks and True/ Fall) is
not allowed; if done so, that particular question will be marked zero.
7. Attempt all MCQs, True/False and Fill in the blanks on the question paper, Objective
questions attempted on the answer sheet will not be considered for marking and will be
graded zero.
8. If you believe that some essential piece of information is missing in any of the questions, make
an appropriate assumption and use it to solve the problem.
9. While solving your descriptive part on the answer sheet, question numbers must be written in
accordance with the number specified for each question in the question paper to avoid any
inconvenience.
10. Students are advised to solve paper in blue and black ink and do not use red, green ink and led
pencil.
11. Writing irrelevant/immoral material will be severely penalized.
12. This examination is closed book, closed notes and closed neighbors.
13. Use of mobile phones is strictly prohibited; switch it off if it is in your custody.
14. You may wish to pace yourself with your own watch but the supervisor will be the official time
keeper of the test.
15. Failure to comply with the Supervisor’s directions will result in your exam paper being
cancelled. Please comply with supervisor’s instructions to avoid any unpleasant event.
16. Non-compliance of any of the instructions will be dealt severely.
For Teacher's use only
Question 1 2 3 4 5 6 7 8 9 10 Total
Marks
Question 11 12 13 14 15 16 17 18 19 20
Marks
Question 21 22 23 24 25 26 27 28 29 30
Marks
If you are going to segment your product market __________ factors will be considered for
segmenting market.
► Measurability
► Substantiality
► Differentiation
► Creating a website
► Conducting e-marketing
► Idea generation
► Market testing
► Business analysis
► Development
Order Getting, order taking & supporting are the basic tasks of:
► Promotion
► Production
► Sales
► Conflict management
► Economic
► Control
► Adaptive
► Demographic segmentation
► Geographic segmentation
► Behavioral segmentation
What are two broad classes in which products and services fall based on the types of consumers
who use them?
► Style, design
► Design, name
► Design, style
► Name, style
Company “A” decreases its product price by Rs.2. Next day company “B” also decreases its
product price by Rs.2 to match competitor’s price. It is ––––––––––.
► Cost-plus pricing
Mission, Money, Message, Media & Measurement are the five M’s of:
► Promotion
► Price
► Direct Marketing
► Advertising
► Set prices below costs, threaten to cut off business with suppliers, and discourage the
buying of a competitor's products
► Negotiation
► Order Processing
► Information
► Matching
► Market leader
► Market challenger
► Market niche
► Market follower
Question No: 16 ( Marks: 1 ) - Please choose one
Adding more channels/middlemen leads to convenience for both producer and seller but add up
costs too.
► True
► False
What rights do you think customer should have in marketing comes under 'Consumerism'.
► True
► False
► True
► False
The day the marketer starts thinking that he has achieved his goal, is his first day to decline.
► True
► False
Benchmarking firm means the standard firm that is used for comparison while making SBUs.
► True
► False
Attention, Interest, Desire, and Action are known as the __________ model.
__________ involves designing and producing the container or wrapper for a product.
Point out the additional consumer rights that consumer advocates are calling for.
Mr. Umar, a marketer, is facing problem for selecting the channel system that suite him best. He
hires you as a consultant for setting criteria of evaluation. How would you evaluate the alternatives
available to him?
Marketing management involves important decisions when developing an advertising program. Kindly
explain in details these decisions made by marketer.
Suppose you are going to purchase a mobile phone how would you apply levels of product on
mobile phone?
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FINALTERM EXAMINATION
SPRING 2006 Marks: 60
MGT301 - PRINCIPLES OF MARKETING (Session - 3 ) Time: 120min
StudentID/LoginID: ______________________________
Please read the following instructions carefully before attempting any question:
• This exam consists of 15 Multiple Choice Questions (MCQ’s) carrying 1 mark each,
5 Fill in the blanks carrying 1 mark each, 5 True / false statements carrying 1 mark
each, 5 Short questions carrying 3 marks each, 1 Descriptive question carrying 10
marks. and 1 Case study carrying 10 marks.
• Do not ask any questions about the contents of this examination from anyone.
• You may wish to pace yourself with your own watch, but the Supervisor will be
the official timekeeper of the test.
Failure to comply with the Supervisor’s directions will result in your test being cancelled.
Please comply with supervisor’s directions to avoid any unpleasant event.
Beyond simply retaining good customers, marketers want to constantly increase their
“share of customer.” Identify suitable term related to this statement
► Marketers want to increase the share they get of the customer’s purchasing in
their product categories.
► Marketers want to increase the profit margin with the target market.
______ can use the bulletin boards, chat rooms and news letters for communication that
can facilitate the exchange
► Buyers
► Virtual business
► Manufacturers/sellers
Early adopters will continue buying and later buyers will start following their lead
in___________:
► Growth stage
► Decline stage
► Maturity stage
► Introduction stage
Two basic ways to set list prices are the cost-oriented and ________oriented approaches.
► Volume
► Expense
► Demand
► Profit
► Increased competition
______ involves a combination of promotion and a product alternation for the foreign
market
► Communication adaptation
► Dual adaptation
► Product innovation
► Production adaptation
► Product assortment.
► Market penetration
► Market development
► Product extension
► Marketing communication
► Marketing management
► Advertising
► Sales promotion
► Advertisement
► Personal selling
► Optimal product
► Marketing deconstruction
► Pollution prevention
► Product stewardship
___________is better off asking questions and letting buyers come to their own
conclusion.
_______ is a tax levied by Govt. against certain important product, designed to raise
revenue.
The______ is the price that consumers expect to pay for many of the products they
purchase.
► True
► False
Question No: 22 ( Marks: 1 ) - Please choose one
All companies and trade associations organize convention and trade shows to promote
their product.
► True
► False
► True
► False
Production concept is useful when demand for a product is less than the supply.
► True
► False
Advertising can succeed only if commercials gain attention and communicate well.
► True
► False
Describe two major steps which must be taken in order to deal effectively with
competitors and their strategies?
Describe the three main reasons for the popularity of markup pricing?
What are the major marketing logistic functions that have a major impact on both
customer satisfaction and company cost?
Asian Herbs manufactures the herbal products. Qarshi Industries and Hamdard
Laboratories are old companies in this field. Asian Herbs wants to promote its
products. As Manager Marketing at Asian Herbs what steps will you take to promote
the company’s products?
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Connecting VU Students
FINALTERM EXAMINATION
SPRING 2007 Marks: 60
MGT301 - PRINCIPLES OF MARKETING (Session - 3 ) Time: 150min
StudentID/LoginID:
Student Name:
Center Name/Code:
INSTRUCTIONS:
For each MCQ, read the choices available and encircle one which you consider is the most suitable
answer on the question paper. Zero marks will be given if more than one option will be marked.
Remember not to spend too much time on any MCQ. Since all MCQ’s carry equal marks, it is important
to manage your time and response to test questions effectively.
Do not ask any questions about the contents of this examination from anyone.
You may wish to pace yourself with your own watch, but the Supervisor will be the official timekeeper of
the test.
Failure to comply with the Supervisor’s directions will result in your exam paper being cancelled. Please
comply with supervisor’s directions to avoid any unpleasant event.
For Teacher's use only
Question 1 2 3 4 5 6 7 8 9 10 Total
Marks
Question 11 12 13 14 15 16 17 18 19 20
Marks
Question 21 22 23 24 25 26 27 28 29 30
Marks
A person who is bringing buyers and sellers together and assists in negotiation is called:
► Broker
► Selling Agent
► Agent
► Purchasing Agent
A person has something which is tangible and can satisfy his need or want is a:
► Benefit
► Product
► Value
► Service
A person X obtains his desired object from a person Y and offers something in return to the
person Y, his act is called:
► Transaction
► Trade
► Exchange
► Barter
► Relationship Selling
► Personal Selling
Company is offering short term incentives to encourage the purchase or sale of a product or
service. Company is doing:
► Publicity
► Sales Promotion
► Both 1 & 2
Suppose Nestlé is trying to increase its sales by introducing its existing/current product like
Nestlé mineral water in a new market. It is adopting:
► Diversification
► Primary Data
► Mathematical Data
► Descriptive Data
► Secondary Data
► Long Question
A person is purchasing a product and selling this products to customers. The person is
called:
► Intermediary
► Seller
► Reseller
► Supplier
The different important decisions which are to be taken while designing the advertising
campaign, does not include:
► Mission
► Money
► Message
The discount which is offered by the seller to trade channel members who perform certain
functions, such as selling, storing, and record keeping is called:
► Functional Discount
► Cash Discount
► Seasonal Discount
► None of the above
The promotional strategy that calls for spending a lot on promotion to build up consumer
demand; if successful, consumer will ask their retailers for the product, the retailer will ask
the wholesalers and wholesalers will ask the producers, is called:
► Push Strategy
► Pull Strategy
► Intensive Strategy
► Super stores
► Department store
► Convenience store
► Specialty stores
► Sellers
► Buyers
► Whole sellers
► 2&3
Strategy for setting a product’s price often has to be changed when the product is part of a:
► Product line
► Product mix
► Competition
► None of the above
Fixed Cost
Mark up Price - VC
Break - even Volume =
► True
► False
► True
► False
► True
► False
► True
► False
The strategy that creates competitive advantage by offering products with unique customer benefits
or features not available from competitive offerings is called overall cost leadership.
► True
► False
A ----------- is a name, sign, symbol, design or a combination of these that identifies the maker or
seller of a product or service.
---------------- process of building, maintaining, and using customer database and other database
for the purposes of contacting and transacting with customers.
When the objective is to gather preliminary information that will help to better define problems
and suggest hypotheses for their solution, it is called ----------------------
Suppose you are the manager of an ABC company. How will you manage your sales force?
Explain your answer in points.
World is becoming global village, companies are placing greater emphasis on logistics; describe
those several reasons for which companies are in great need of logistics?
ABC Company has introduced a new product and the company wants to give the ad of its product.
How can the company select the advertising media to promote its new product?
What could be the functions of distribution channel/members of the marketing channel that can
help the XYZ Company to enhance its sales of a particular product?
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Instructions
Please read the following instructions carefully before attempting any of the
questions:
**WARNING: Please note that Virtual University takes serious note of unfair means.
Anyone found involved in cheating will get an `F` grade in this course. Every paper has
four subjective questions while 10 objective questions
A common practice among marketers is to identify and develop new markets for their existing
products. This practice is called _____.
1 Market development
2 Product development
3 Market penetration
4 Market skimming
1 Social classes
2 Purchase decisions
3 Perceptions
4 Attitudes
The five alternative concepts under which organizations conduct their marketing activities
include the production, _____, selling, marketing, and societal marketing concepts
1 Promotion
2 Pricing
3 Distribution
4 Product
Question No. 4 Marks : 1
1 Generation X
2 Baby boomers
3 Generation Y
4 Seniors
The twofold goal of marketing is to attract new customers by promising superior Value and to
_____.
List and explain the "core, actual, and augmented products" of the educational experience
that universities offer. How are these different, if at all, from the "product" offered by junior
colleges?
The objective of _____ research is to gather preliminary information that will help define the
problem and suggest hypothesis
1 Descriptive
2 Exploratory
3 Causal
4 Current
When your firm practices developing and maintaining a strategic fit between your
organization's goals and capabilities, it is forming
1 mission statement
2 values statement
3 strategic plan
4 operating plan
With respect to the product life cycle, the ______________ is a period of slow sales growth
as the product is introduced in the market
The _____ environment consists of factors that affect consumer purchasing power and
spending patterns
1 Social-cultural
2 Political-legal
3 Technological
4 Economic
StudentID/LoginID
Name
PVC Name/Code
Date
Please read the following instructions carefully before attempting any of the
questions:
1. Attempt all questions. Marks are written adjacent to each question.
2. Do not ask any questions about the contents of this examination from anyone.
a. If you think that there is something wrong with any of the questions, attempt it
to the best of your understanding.
b. If you believe that some essential piece of information is missing, make an
appropriate assumption and use it to solve the problem.
c. Write all steps, missing steps may lead to deduction of marks.
**WARNING: Please note that Virtual University takes serious note of unfair
means. Anyone found involved in cheating will get an `F` grade in this course.
Every paper has four subjective questions and 10 objective questions
Finding ways in which a company can best use its strengths to take advantage of attractive
opportunities in the environment describes _____.
a. establishing a mission
b. defining a vision
c. creating a values statement
d. strategic planning
Which of the four Ps describes the goods-and-services combination the company offers to the target
market?
a. price
b. promotion
c. product
d. place
You are directed to study societal forces that affect your company – demographic, economic, natural,
technological, political, and cultural factors
What are you studying?
a. the macro environment
b. the microenvironment
c. the marketing environment
d. the global environment
Maslow has a list of human needs from the most pressing to the least pressing. They include all of the
following except _____.
a. physiological needs
b. safety needs
c. need recognition
d. self-actualization
With respect to the product life cycle, the _______________ is a period of rapid
market acceptance and increasing profits.
a. product development stage
b. introduction stage
c. growth stage
d. maturity stage
Compare and contrast the following strategies for growth: market penetration, market development,
product development, and diversification.
Describe some 21st century challenges that are faced by the marketers.
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MIDTERM EXAMINATION
FALL 2007 Marks: 40
MGT301 - PRINCIPLES OF MARKETING (Session - 5 ) Time: 120min
StudentID/LoginID: ______________________________
Instructions:
Please read the following instructions carefully before attempting any question:
For each MCQ, read the choices available and ENCIRCLE one which you
consider is the most suitable answer. Zero marks will be given if more than one
option will be marked. Do not make tick mark (√), only ENCIRCLE the correct
option.
Attempt all MCQ’s on the question paper, no credit will be given to the MCQ’s
attempted on the answer sheet.
Remember not to spend too much time on any MCQ. Since all MCQ’s carry equal
marks, it is important to manage your time and response to test questions effectively.
Write the same question number as given in the question paper, for example, if
you are attempting Q # 16 first then don’t write it Q # 01, write it Q # 16 and so on.
Do not ask any question about the contents of this examination from anyone.
If you believe that some essential piece of information is missing, make an appropriate
assumption and use it to solve the problem.
This examination is closed book, closed notes, closed neighbors.
You may wish to pace yourself with your own watch, but the Supervisor will be the
official timekeeper of the test.
Use of mobile phone is strictly prohibited; switch your mobile off if it is in your custody.
Failure to comply with the Supervisor’s directions will result in your exam paper being
cancelled. Please comply with supervisor’s directions to avoid any unpleasant event.
► Culture
► Brand personality
► Cognitive dissonance
► New product
► How are you distributing your product to get it into the marketplace?
► What place do you want your product to hold in the consumer’s mind?
► How are you telling consumers in your target group about your product?
Question No: 3 ( Marks: 1 ) - Please choose one
"Consumers favor quality products that are reasonably priced” reflects the ___________.
► Marketing concept
► Selling concept
► Product concept
► Target marketing
► Market share
► Sales volum
► Customer loyalty
► Profits
► Marketing
► Demarketing
► Value marketing
► Customer satisfaction
► Retaining customers
► Human needs
Consumers are convinced to buy organization's products through large scale of selling and
promotional efforts, comes under______________ concept.
► Marketing concept
► Production concept
► Product concept
► Selling concept
The marketing information system is not limited to use by the company it serves. It may also
provide information to ________ .
► The government
► External partners
► Various publics
► Competitors
The purpose of _________ is developing a strategy to meet competition and ensure long-term
survival and growth.
► A market
► Strategic planning
► Short-term planning
► Operational planning
Most portfolio analysis methods evaluate SBUs on two dimensions, namely _____ and _____.
Product, price, place, and promotion make up the elements of a firm’s marketing myopia.
► True
► False
Market segmentation is the process of evaluating each market segment’s attractiveness and
selecting one or more segments to enter.
► True
► False
► True
► False
► True
► False
The image a product reflects in the minds of consumers is called market segmentation.
► True
► False
Subhan Co. has been very sucessful as it is contributing alot towards the education of poor
children through a Welfare Fund apart from selling its goods to the market. Its main
priority is to give value to its valuable customers. So Subhan Co. has adopted societal
marketing. How would you take societal marketing concept?
It is very difficult to fulfill the consumer’s expectations; to make him satisfied. Sometimes it
also happens that he becomes dissatisfied when products fall short of expectations. How does
marketer find consumers satisfied or dissatisfied with purchase?
Involvement and differences between products give birth to different behaviors of buyers.
Explain them in short.
• This exam consists of 10 Multiple Choice Questions (MCQ’s) carrying 1 mark each, 5
Fill in the blanks carrying 1 mark each, 5 Short questions carrying 3 marks each and 1
Descriptive question carrying 10 marks.
• You are required to show all the working of short questions as well as descriptive
question.
• Do not ask any questions about the contents of this examination from anyone.
• You may wish to pace yourself with your own watch, but the Supervisor will be the
official timekeeper of the test.
• Failure to comply with the Supervisor’s directions will result in your test being cancelled.
Please comply with supervisor’s directions to avoid any unpleasant event.
_______ is anything that can be offered to market for attention, acquisition, use or consumption.
Question No. 3 Marks : 3
A modern marketing system involves all the elements necessary to bring together:
General public
Buyers and sellers
4 Ps ( Price, product, place, promotion )
Consumers/customers
Which of the following is not the major force in the company's macro environment:
Technology.
Economic
Publicity
Demographic
One useful device for identifying growth opportunities for future is:
Product/market expansion
Portfolio planning
Increase in sale of the firm
Market share growth
___________ involves designing and producing the container or wrapper for a product
List down the chief factors that can be used for segmenting international markets?
XYZXYZ Limited Company is going to establish a new business and being a marketing manager
you are required to prepare a detailed marketig plan for it.
Cell phone, fax machine ,CD ROM and interactive TV are just few tools being used to:
Purchase order
Make connection
Marketing the product
Promote the sale
MIDTERM EXAMINATION
SPRING 2006 Marks: 40
MGT301 - PRINCIPLES OF MARKETING (Session - 5 ) Time: 60min
StudentID/LoginID: ______________________________
Please read the following instructions carefully before attempting any question:
• This exam consists of 10 Multiple Choice Questions (MCQ’s) carrying 1 mark each, 5 Fill in
the blanks carrying 1 mark each, 5 Short questions carrying 3 marks each and 1 Descriptive
question carrying 10 marks.
• You are required to show all the working of short questions as well as descriptive question.
• Do not ask any questions about the contents of this examination from anyone.
• You may wish to pace yourself with your own watch, but the Supervisor will be the official
timekeeper of the test.
• Failure to comply with the Supervisor’s directions will result in your test being cancelled.
Please comply with supervisor’s directions to avoid any unpleasant event.
For Teacher's use only
Question 1 2 3 4 5 6 7 8 9 10 Total
Marks
Question 11 12 13 14 15 16 17 18 19 20
Marks
Question 21
Marks
► Internal databases
► External database
► Marketing intelligence
► The internet
► Products.
► Brands.
► Styles.
► Benefits
A society’s basic values, perceptions, preferences, and behaviors are found in its _____
► Social environment.
► Cultural environment.
One of the major concerns for marketers about the natural environment is the _____.
__________ group shares new cultural concerns, cares about the environment, and
responds favorably to socially responsible companies.
► Generation X
► Generation Y
► Generation Z
► Baby boomers
Your marketing environment is currently researching the size, density, location, age, and
occupations of your target market. What is this environment
► Demographic
► Psychographic
►
VALS
► Geographic
You are directed to study the factors that are close to the company that affect its ability to
serve its customers – the company, suppliers, marketing intermediaries, customer
markets, competitors and publics. What are you studying?
Which of the following types of management organization might be best for companies that
sell one product line to many different types of markets and customers that have different
needs and preferences?
► Market
► Customer
► Product
► Product class
► Product division
► Market segment
► Target market
ers must weigh carefully the costs of additional information against the _____ resulting from
it
MIS consists of people, equipment, and procedures to gather, sort, _____, evaluate and distribute
information to marketing decision makers
e excited about studying marketing. You tell your younger brother that product, price, placement and
promotion make up the __________.
What is meant by Business Portfolio? How a business can design its portfolio?
MIDTERM EXAMINATION
SPRING 2007 Marks: 40
MGT301 - PRINCIPLES OF MARKETING (Session - 1 ) Time: 60min
StudentID/LoginID: ______________________________
For each MCQ question, read the choices available and select one [By marking Tick (a)] which you
consider is the most suitable answer. Zero marks will be given if more than one option will be marked.
Remember not to spend too much time on any one MCQ. Since all MCQ’s carry equal marks, it is
important to manage your time and response to test questions effectively.
Failure to comply with the Supervisor’s directions will result in your exam paper being cancelled. Please
comply with supervisor’s directions to avoid any unpleasant event.
► competitive prices
► superior value
► superior service
► superior promotion
Question No: 2 ( Marks: 1 ) - Please choose one
You have learned at work that today’s successful companies at all levels have one thing
in common: they are strongly customer focused and heavily committed to _____.
The twofold goal of marketing is to attract new customers by promising superior value and
to _____.
As a new assistant marketing manager trainee, you learn in an orientation meeting that
_____ are the form human needs take as they are shaped by culture and individual
personality.
► wants
► demands
► self concepts
► desires
Question No: 5 ( Marks: 1 ) - Please choose one
► generation X
► baby boomers
► generation Y
► seniors
Question No: 10 ( Marks: 1 ) - Please choose one
You are directed to study the factors that are close to the company that affect its ability to
serve its customers – the company, suppliers, marketing intermediaries, customer
markets, competitors, and publics. What are you studying?
► the macroenvironment
► the microenvironment
► the marketing environment
► the global environment
Question No: 11 ( Marks: 1 )
By _____ the market and having several detergent brands, Proctor & Gamble has an
attractive offering for consumers in all important preference groups.
Question No: 12 ( Marks: 1 )
When a company identifies the parts of the market it can serve best and most profitably, it
is practicing _____.
Question No: 13 ( Marks: 1 )
Baby boomers were born between the years 1946 and _____.
Question No: 14 ( Marks: 1 )
Distinguish between value proposition and marketing offer. Explain the concepts by giving
real life examples.
Question No: 17 ( Marks: 10 )
A consumer’s behavior is also influenced by social factors, such as the consumer’s small
groups, family, and social roles and status. Explain the differences between these social
factors by giving examples.
Question No: 18 ( Marks: 10 )
A Company ABC has launched a new economy pack (5-Kg) of Tomato Ketchup
considering the fact that this will be price effective for the customers but the sales figures
of last six months show that people are not buying the economy pack as it was expected.
The company is now planning to determine the reasons behind the lack of public interest
in the economy pack. You have been appointed as a consultant to guide the marketing
department of the company ABC determining the reasons of the failure. Keeping in view
the objectives explain the pros and cons of each of the following contact methods for
collection of information and suggest to the marketing department that which one is most
suitable method for the company in the given scenario;
1. Mail Questionnaires
2. Telephonic Interviews
3. Personal and group interviews
4. Computer-assisted interviews (On-Line Survey)
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MIDTERM EXAMINATION
SPRING 2007 Marks: 40
MGT301 - PRINCIPLES OF MARKETING (Session - 2 ) Time: 90min
StudentID/LoginID: ______________________________
INSTRUCTIONS:
For each MCQ question, read the choices available and select one {By marking Tick (a)} which you
consider is the most suitable answer. Zero marks will be given if more than one option will be marked.
Remember not to spend too much time on any one MCQ. Since all MCQ’s carry equal marks, it is
important to manage your time and response to test questions effectively.
Failure to comply with the Supervisor’s directions will result in your exam paper being cancelled. Please
comply with supervisor’s directions to avoid any unpleasant event.
_____________ are used to help employees to communicate with each other within the
company.
► Internet
► Intranet
► Extranet
► Ethernet
A common practice among marketers is to identify and develop new markets for their
existing products. This practice is called _____.
► product development
► market penetration
► market development
► market skimming
Marketing plays a key role in a company’s strategic planning. Which of the following does
marketing provide?
► guiding philosophy
► inputs
► strategies
The old marketing view emphasized trying to make a profit on each sale rather than trying
to profit by managing ____________
► cognitive dissonance
The marketing information system is not limited to use by the company it serves. It may
also provide information to _____.
► the government
► external partners
► Various Publics
Companies can conduct e-marketing in any of four ways. What is not one of these
As a marketer of pesticides, you should be concerned about all of the following natural
environment trends mentioned in your text except _____.
► increased pollution
► government subsidies
► services
► markets
► occupation
► education
► income
Your colleague is confused about using the marketing research process. He seems to be
having problems with _____, which is often the hardest step to take.
___________________ stands for company activities that make the product available to
target consumers.
A company is getting huge market share but it is not growing at the same pace. It is an
example of _________________.
______________ involved looking at whether the company’s basic strategies are well
matched to its opportunities
Analyze the major challenges being faced by marketers in the 21st Century in terms of
using fast technology to connect to the customers.
Each person’s distinct personality influences his or her buying behavior. Personality is
usually described in terms of traits. What are these traits, and how do they affect the way
people purchase items?
Compare and contrast the following strategies for growth: market penetration, market
development, product development, and diversification. Explain each by giving examples
from the real life.
MGT301-Principles of Management
Midterm Special 2006
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¾ Write down the key principles for public policy towards marketing?
Solution:-
public policy to guide commerce--sets of laws and regulations limiting
business for the good of society as a whole
¾ Most firms practice the selling concept when they face _____.
o a crisis
o a recession
o fierce competition
o overcapacity
¾ Being a student of Principles of Marketing please describe that what are
the reasons of studying this subject?
Solution:-
Reasons for Studying Marketing:
Marketing is part of all of our lives and touches us in some way every day. To be
successful each company that deals with customers on a daily basis must not only be
customer-driven, but customer-obsessed. The best way to achieve this objective is to
develop a sound marketing function within the organization. Major reason to study
marketing is:
¾ Marketing plays an important role in society.
¾ It is Vital to business.
¾ Marketing offers outstanding career opportunities.
¾ Marketing affect your life every day.
Solution:-
Marketers are interested in the roles and influences of the Marketers are
interested in the roles and influence of the children on the purchase of different
products and services.
Children may also have a strong influence on family buying decisions. For
example, it ran ads to woo these "back-seat consumers" in Sports Illustrated for
Kids, which attracts mostly 8- to 14-year-old boys. "We're kidding ourselves when
we think kids aren't aware of brands," says Venture's brand manager, adding that
even she was surprised at how often parents told her that kids played a tie-
breaking role in deciding which car to buy.
Consumer behavior is the process through which the ultimate buyer makes
purchase decisions. This can be defined as Consumer Behavior Defined as of
the processes involved when individuals or groups select, purchase, use, or
dispose of products, services, ideas, or experiences to satisfy needs and desires
(Solomon, 1996). Those actions directly involved in obtaining, consuming and
disposing of products and services, including the decision processes that
precede and follow those actions. Consumer behavior examines mental and
emotional processes in addition to the physical activities.
There are five sources to collect information and these sources are given below.
¾ Needs recognition
¾ Information search
¾ Evaluation of alternatives
¾ Purchase decision
¾ Post purchase behavior
Now that we have looked at the influences that affect buyers, we are ready to
look at how consumers make buying decisions. Figure shows that the buyer
decision process consists of five stages: need recognition, information search,
evaluation of alternatives, purchase decision, and post purchase behavior.
Clearly, the buying process starts long before actual purchase and continues
long after. Marketers need to focus on the entire buying process rather than on
just the purchase decision.
The figure implies that consumers pass through all five stages with every
purchase. But in more routine purchases, consumers often skip or reverse some
of these stages. A woman buying her regular brand of toothpaste would
recognize the need and go right to the purchase decision, skipping information
search and evaluation. However, we use the model in Figure because it shows
all the considerations that arise when a consumer faces a new and complex
purchase situation.
¾ At work, customers decide to satisfy needs and wants through exchange.
What occurs at this point?
o Selling
o customer service
o marketing
o transaction marketing
Now many companies are beginning to think of _relationship____ interests
as well as their own customers’ needs.
¾ __________control the flow of information to others
o Gatekeeper
o Storekeeper
o Both of the given options
o None of the given options
¾ How does an organization create a customer?
Solution:-
Organizations (producer/ seller) can create the customers by Identifying
customer needs, designing goods and services that meet those needs than
communicating information about those goods and services to prospective
buyers Making the goods or services available at times and places that meet
customers’ needs Pricing goods and services to reflect costs, competition, and
customers’ ability to buy and finally providing for the necessary service and
follow-up to ensure customer satisfaction after the purchase
StudentID/LoginID: ______________________________
Please read the following instructions carefully before attempting any question:
• This exam consists of 15 Multiple Choice Questions (MCQ’s) carrying 1 mark each, 5 Fill in
the blanks carrying 1 mark each, 5 True / False statements carrying 1 mark each, 5 Short
questions carrying 3 marks each, 1 Descriptive question carrying 10 marks. and 1 Case study
carrying 10 marks.
• Do not ask any questions about the contents of this examination from anyone.
• You may wish to pace yourself with your own watch, but the Supervisor will be the official
timekeeper of the test.
• Failure to comply with the Supervisor’s directions will result in your test being cancelled.
Please comply with supervisor’s directions to avoid any unpleasant event.
► There was a direct need to generate demand for want satisfying goods.
► Product
► Price
► Promotion
► Placement
Connecting VU Students
Question No: 5 ( Marks: 1 ) - Please choose one
► Direct marketing
► Direct selling
► Sales promotion
► Personal selling
You have learned at work that today’s successful companies at all levels have one thing
in common: they are strongly customer focused and heavily committed to _____.
► Marketing
► Employee motivation
► Promotion
► Annual reports
► Allowances
► Credits
► Bonuses
► Incentives
Customers buy from stores and firms that offer the highest _____.
Many marketers use ____________ concept today to determine which customer can be
served profitably and which one cannot.
► Target marketing
► Market segmentation
► Selective targeting
marketing manager for CNG Industries, you should be aware that legislation affecting business
around the world will continue to ______
► Exist
► Increase
► Remain steady
► Decrease
___________Pricing policy tries to sell the whole market at one low price.
► Skimming
► Penetration
► Discount
► Global
►
Number of firms involved is small
► Product is uniform
Connecting VU Students
The total assortment of products and services marketed by a firm is called its:
► Product line
► Master mix
► Line assortment
► Product mix
Tactical marketing planning for an organization is carried out for the ___________ term
period.
The___________ product includes any additional consumer service and benefit built
around the core and actual products.
► True
► False
Most companies today are moving away from transaction marketing, with its emphasis
on making a sale.
► True
► False
Prospecting leads is the process of identifying good ones in the product line and
screening out the poor ones.
► True
► False
More and more companies are adopting direct selling as a primary approach.
► True
► False
A competitive intelligence system helps the company to acquire and manage the
competitive information.
► True
Connecting VU Students
► False