Decision-Making in Marketing Quiz

Test your knowledge on consumer behavior with questions on decision-making stages, pricing strategies, market segmentation, and more.

#1

Which of the following is NOT a stage in the consumer decision-making process?

Evaluation of alternatives
Post-purchase behavior
Product development
Information search
#2

What does SWOT analysis stand for in marketing?

Strengths, Weaknesses, Opportunities, Threats
Sales, Workforce, Operations, Tactics
Strategies, Wins, Objectives, Targets
Supply, Wealth, Ownership, Trade
#3

What is the primary purpose of a marketing plan?

To identify target customers
To outline marketing objectives and strategies
To manage financial resources
To recruit new employees
#4

Which of the following is a characteristic of a monopolistic competition market structure?

Many sellers offering identical products
Barriers to entry are low
Complete control over price by one firm
Homogeneous products
#5

What is the concept of the marketing mix often referred to as?

The 7 Ps
The 4 Cs
The 5 Rs
The 6 Fs
#6

Which of the following is NOT a component of the promotional mix?

Advertising
Public relations
Pricing
Personal selling
#7

Which pricing strategy involves setting a low initial price to attract customers, with the intention of raising it later?

Penetration pricing
Skimming pricing
Psychological pricing
Premium pricing
#8

What is the term used for the process of dividing a market into distinct groups of buyers who have different needs, characteristics, or behaviors?

Market targeting
Market segmentation
Market positioning
Market differentiation
#9

What is the term for a marketing strategy that focuses on selling existing products to new markets?

Market penetration
Market development
Product development
Diversification
#10

In the context of marketing, what does the AIDA model represent?

Attention, Interest, Desire, Action
Awareness, Interest, Decision, Action
Analysis, Implementation, Development, Assessment
Advertising, Investment, Distribution, Analytics
#11

Which of the following is a characteristic of a direct distribution channel?

Multiple intermediaries between producer and consumer
Manufacturer sells directly to consumers
Long distribution channel
Less control over distribution
#12

What does the acronym CRM stand for in marketing?

Customer Relationship Management
Cost Reduction Mechanism
Consumer Response Model
Corporate Risk Management
#13

Which of the following is NOT a characteristic of a well-defined marketing objective?

Measurable
Achievable
Vague
Relevant
#14

Which of the following is NOT a factor influencing consumer behavior?

Cultural factors
Psychological factors
Environmental factors
Geographical factors
#15

Which of the following is a characteristic of a business-to-business (B2B) market?

Shorter sales cycle
Large number of buyers
Emphasis on emotional appeals
Direct sales to end consumers
#16

What is the term for a marketing strategy that focuses on creating a unique product or service for a specific target market?

Market differentiation
Market positioning
Market targeting
Market segmentation
#17

Which of the following is NOT a component of the external marketing environment?

Competitors
Economic factors
Company culture
Legal and regulatory factors

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