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Unit 08
Marketing Management
part 01
- Marketing: Concept and approaches; Marketing channels; Marketing mix; Strategic marketing planning; Market segmentation, targeting and positioning
- Product decisions: Concept; Product line; Product mix decisions; Product life cycle; New product development
- Pricing decisions: Factors affecting price determination; Pricing policies and strategies
- Promotion decisions: Role of promotion in marketing; Promotion methods - Advertising; Personal selling; Publicity; Sales promotion tools and techniques; Promotion mix
- Distribution decisions: Channels of distribution; Channel management
- Consumer Behavior; Consumer buying process; factors influencing consumer buying decisions
- Service marketing
- Trends in marketing: Social marketing; Online marketing; Green marketing; Direct marketing; Rural marketing; CRM
- Logistics management
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MCQ 01: What is the process of dividing a heterogeneous market into different homogeneous segments
a.Market positioning
b.Market targeting
c.Market segmentation
d.Marketing mix
b.Market targeting
c.Market segmentation
d.Marketing mix
Answer: Market Segmentation (need behaviour characteristics)
Marketing mix :
is the set of marketing tools that a business uses to sell products or services to its target customers
is the set of marketing tools that a business uses to sell products or services to its target customers
A marketing mix often refers to E. Jerome McCarthy's four Ps: product, price, placement, and promotion.
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MCQ 02: Which of the following is stage of PLC?
a. Introduction Stage
b. Growth stage
c. Decline stage
b. Growth stage
c. Decline stage
d. All of the above
Answer: All of the above
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MCQ 03: A sign capable of distinguishing the goods or services of one enterprise from those of other enterprises
a. Branding
b. Trademark
c. Packaging
d. Product Labeling
Answer : Trademark
A trademark maybe a symbol, image, logo, design or word that characterizes your product or service and distinguishes it from other products or services on the market. Legally protected brand name
Branding:
A marketing practice in which a company creates a name, symbol or design that is easily identifiable as belonging to the company
Brand equity is a marketing term that describes a brand's value. That value is determined by consumer perception of and experiences with the brand.
Brand loyalty is the positive feelings towards a brand and dedication to purchase the same product or service repeatedly
Brand loyalty is the positive feelings towards a brand and dedication to purchase the same product or service repeatedly
Packaging:
Means the wrapping or bottling of products to make them safe from damages during transportation and storage
Means the wrapping or bottling of products to make them safe from damages during transportation and storage
Labeling :
Means all labels and other written, printed or graphic matter on or accompanying a product
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