1.
Which of the following is a simple definition of marketing?
Correct Answer
B. Analysing customer’s wants/needs and directing efforts to meet expectations
Explanation
Marketing means finding out what the wants/needs of customers are and making sure your business efforts meet expectations.
2.
Which of the following are a statement of the philosophy and fundamental nature of your business?
Correct Answer
B. Mission statement
Explanation
A mission statement answers, "What business are you in?" and, "Who do we serve?"
3.
Which of the following is not a type of secondary market research?
Correct Answer
B. Courtesy calls
Explanation
A courtesy call is considered a primary research because you are dealing directly with the customer.
4.
You have to advertise to get business.
Correct Answer
B. False
Explanation
Can you think of a small café that never advertises but always seems busy?
5.
Entering your company in a fundraising event is a positive thing to do.
Correct Answer
A. True
Explanation
It will help your employees bond, give your business a public face, and help a worthy cause.
6.
Developing the right price for your product is one of the easiest things to do.
Correct Answer
B. False
Explanation
Sometimes you may get lucky, but it takes trial, error, and patience to develop pricing.
7.
A SWOT analysis examines the strengths, weaknesses, opportunities, and threats to your company.
Correct Answer
A. True
Explanation
SWOT analysis should be conducted on a regular schedule. Being aware of your surroundings will help you flourish.
8.
Advertising is a one-shot deal.
Correct Answer
B. False
Explanation
Repetition and consistency makes an advertisement memorable.
9.
Which of the following is a way to increase your business?
Correct Answer
D. All of the above
Explanation
These are ultimately the only three ways to increase your business.
10.
Which of the following is not a level of human need as defined by Abraham Maslow?
Correct Answer
C. Technology needs
Explanation
Technology is not defined as a human need.
11.
The specific actions, decisions, and resources required to implement your marketing plan are examples of:
Correct Answer
A. A tactic
Explanation
This is the definition of a tactic.
12.
If you have the opportunity to take advantage of some free advertising, make sure to put as much information in your message as you can.
Correct Answer
B. False
Explanation
Too many words are hard to absorb and you will quickly lose your audience.
13.
A concrete, measurable target you want to achieve is called:
Correct Answer
C. An objective
Explanation
This is a definition of an objective.
14.
The term networking, in respect to sales and marketing, refers to:
Correct Answer
A. Exchanging business cards, finding common ground, and meeting new people
Explanation
Networking enables you to meet people to help one another in business.
15.
Which of the following techniques can be used to conduct research with your customers?
Correct Answer
D. D. All of the above
Explanation
These are the ways you can interact with your customers and find out their wants and needs.
16.
Which of the following items should not be used in a brochure?
Correct Answer
B. Lots of words
Explanation
Brochures that are too wordy are difficult to read. You will lose yourself in your own advertising.
17.
Satisfied customers should not be included in a marketing campaign.
Correct Answer
B. False
Explanation
Satisfied customer testimonials are a powerful sales tool.
18.
Your guarantee should be made upfront and you should mean it.
Correct Answer
A. A. True
Explanation
Breaking a promise is one of the worst things a business can do.
19.
Good marketing is all about emphasizing the advantages you have over other companies.
Correct Answer
B. False
Explanation
Good marketing is all about what you offer your customers and how it will change their lives for the better.
20.
You have to talk to your customers in order to be successful with a marketing plan.
Correct Answer
A. True
Explanation
You can only provide effective solutions if you know what the real issues are.