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Marketing Test - 39

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Marketing Test - 39
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Weekly Quiz Competition
  • Question 1
    1 / -0
    The focus of business activities during industrial revolution was the ________.
    Solution
    The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. Due to the use of machine, large number of goods could be produced in a very short period of time. This increased the profitability of the products and company earned good revenue.
  • Question 2
    1 / -0
    During the early days of the ___________, the demand for industrial goods started picking up.
    Solution
    The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system.
  • Question 3
    1 / -0
    Due to the demand of _______ goods, the demand exceeded the supply during the early days of industrial revolution.
    Solution
    The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools, industrial goods and factory system.
  • Question 4
    1 / -0
    Which of the following does not include in marketing assessment process?
  • Question 5
    1 / -0
    ______ could be maximized by producing at large scale. 
    Solution
    The industrial revolution was the transition to new manufacturing process in the period from 1760 to sometime between 1820 and 1840. This transition includes going from hand production methods to  machine, new chemical manufacturing and iron production process. This gave rise to the development of machine tools and factory system. Due to the use of machine, large number of goods could be produced in a very short period of time. This increased the profitability of the products and company earned good revenue.
  • Question 6
    1 / -0
    ________ products are the products in the purchase of which, consumers devote considerable time.
    Solution
    Shopping products are a higher end products occasionally bought by consumers that are usually compared for their appropriateness, quality, cost and features before making a purchase decision. Consumers tend to take more time when purchasing a shopping good produced by a business, and they might even travel to buy such products.
  • Question 7
    1 / -0
    ______ can be defined as anything that can be offered to a market to satisfy a want or a need.
    Solution
    A product is an item offered for sale. It can be an item or a service, virtual or cyber form. Every product is made at a cost and each is sold at a price. The product should be relevant, the users must have an immediate use for it.
  • Question 8
    1 / -0
    Our decision to buy a product is not only affected by its physical qualities but also its tangible and ___________ factors.
  • Question 9
    1 / -0
    Which is not a part of 4Ps of marketing?
    Solution
    Marketing mix is a combination of factors that are in a company's control to influence consumers to purchase its products. The 4P's of marketing mix are-
    Product-  A product a tangible or intangible service offered by the company to meet customers' requirements and needs.
    Price- Price is the actual amount the end user is expected to pay for the product or service.
    Place-  Place refers to the how the product would be made available to the consumers.
    Promotion- Promotion refers to all the marketing strategies that would persuade a consumer to buy the company's product.
  • Question 10
    1 / -0
    Products which are purchased by ultimate consumers or users for satisfying their personal needs and wants are known as __________.
    Solution
    A product is an item offered for sale. It can be an item or a service, virtual or cyber form. Consumer products are the merchandise or other items of common and daily use ordinarily bought by individuals or house holds  for private consumption. Consumer goods are also called as final goods.
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