Marketing management is the aspect of an organization that focusses on the ________ aspect of marketing methods.
Theoretical
Practical
Both
Marketing management is related to the management of a firm's marketing resources and activities.
True
False
Marketing management employs tools from which of the following fields of the society?
Economics
Competitive strategy
Both
_________ Framework is a method of analysing the operating environment of a competition of a business.
Pasteur's Five Forces
Plecant's Five Forces
Porter's Five Forces
__________ is a field that builds on the theory of the firm by examining the structure of firms and markets.
Internal organization
Industrial organization
Industrial orientation
Marketers build detailed profiles of each competitor in the market in competitor analysis.
True
False
The SWOT analysis helps in drawing a clear picture of the ___________ of competitors in a business setup.
Strengths
Weaknesses
Both
What does the 'O' in SWOT stand for?
Obsession
Opportunity
Obscurity
The 'T' in SWOT stands for ___________.
Threats
Transitions
Trials
Which among the following factors of the competitors does a marketing manager examine?
Sources of profits
Competitive positioning
Both
Are market research and marketing research the same?
Yes
No
_________ is the natural or observational examination of the unsaid rules that impact consumer behavior.
Qualitative marketing survey
Qualitative marketing research
Quotational marketing research
Qualitative market research has proven to be of great help in new product idea generation and development.
True
False
Quantitative marketing research is the application of quantitative _________ techniques to the field of marketing research.
Research
Solution
Suggestion
The set of marketing tools that a firm uses to pursue its marketing objectives in the target market is called ____________.
Marketing fix
Marketing mix
Marketing max
There are _______ P's that govern the marketing aspect of any firm.
Two
Three
Four
Which of the following is not one of the P's of marketing?
Position
Place
Promotion
A _________ in marketing is a geographic region or demographic group upon which a product or service is tested before releasing to a larger audience.
Transit market
Troll market
Test market
The main focus of marketing management is to make sure to get back the investment that a firm has spent.
True
False
A ___________ is a thorough examination of a brand's current position in an industry compared to its competitors.
Brand audit
Brand acclaim
Brand cause
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