1. Which type of marketing is an Unconventional marketing intended to get maximum results from minimal resources ?
A. Viral Marketing
B. Mixed Marketing
C. Guerrilla Marketing
D. Drip Marketing
E. None of these
2. Marketing Myopia is a term used in marketing, which is coined by whom ?
A. Milton Friedman
B. Deborah Mac Innis
C. Theodore Levitt
D. Richard Viguerie
E. None of these
3. Which is the first element of marketing mix ?
A. Place
B. Promotion
C. Price
D. Product
E. None of these
4. Database marketing is a form of _____________ marketing
A. Indirect
B. Stimulation
C. Direct
D. Demarketing
E. None of these
5. ________ is defined as positive feelings towards a brand
A. Brand Trends
B. Brand Loyalty
C. Brand Equity
D. Brand Name
E. None of these
Answers and Explanations
1. Answer - Option C
Explanation -
Guerilla Marketing is an Unconventional marketing intended to get maximum results from minimal resources (Maximum results from Minimum resources)
2. Answer - Option C
Explanation -
‘Marketing myopia’ is a term coined by Theodore Levitt. A business suffers from marketing myopia when a company views marketing strictly fromthe standpoint of selling a specific product rather than from the standpoint of fulfilling customer needs.
3. Answer - Option D
Explanation -
The first element of marketing mix is product. A Product is anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need.
4. Answer - Option C
Explanation -
Database marketing is a form of direct marketing using databases of customers or potential customers to generate personalized communications in order to promote a product or service for marketing purposes. The method of communication can be any addressable medium, as in direct marketing.
5. Answer - Option B
Explanation -
Brand loyalty is a pattern of consumer behavior where consumers become committed to brands and make repeat purchases from the same brands over time.