301. A price reduction to buyers who buy in large volumes is called a(n):
Quantity discount
Cash discount
Seasonal discount
Trade discount
Correct answer: (A) Quantity discount
302. When producers, wholesalers, and retailers act as a unified system, they comprise a:
Marketing system
Power-based marketing system
Horizontal marketing system
Vertical marketing system
Correct answer: (C) Horizontal marketing system
303. Costs that do not vary with production or sales levels are called:
Fixed costs
Variable costs
Standard costs
Independent costs
Correct answer: (A) Fixed costs
304. Very long TV commercials providing detailed information about a product or service. Such programmes are called,
Infotainments
Infomercials
Commercials
Paid Programmes
Correct answer: (B) Infomercials
305. The marketing effects or outcomes that accrue to a product with its brand name compared with those that of the same product did not have the brand name is called,
Brand Equity
Brand Identity
Brand Expansion
Brand Image
Correct answer: (A) Brand Equity
306. Group of people who are NOT necessarily part of a particular organization is referring to:
External publics
Internal publics
International publics
Local publics
Correct answer: (A) External publics
307. The cost of advertising for most products is especially high during ______________.
Peak seasons
Morning news shows
Prime-time programs
Late-night programming
Correct answer: (C) Prime-time programs
308. Keeping consumers thinking about the product is the objective for which type of advertising?
Informative advertising
Psychological advertising
Reminder advertising
Persuasive advertising
Correct answer: (C) Reminder advertising
309. According to Rossiter and Percy samples can be delivered by how many different methods:
8
7
5
16
Correct answer: (A) 8
310. ______________ is a set of moral principles that guide actions and create a sense of responsible behavior.