For teachers: free to print, copy and use in class. Every new worksheet has new values and its own answer key. A link to ExamProblems on your course page is appreciated.
Name: ____________________ Date: ____________
1.Easy
A supermarket's own-label (private label) product is:
AA product sold without any packaging
BA product sold under the retailer's own brand name
CA brand owned by the government
DA product made to order for one private customer only
2.Easy
What does B2B marketing mean?
ASelling products or services to other businesses
BMarketing between two brands of one company
CSelling directly to individual consumers for personal use
DSelling only through online platforms
3.Easy
Public relations (PR) mainly aims to:
ABuild goodwill and manage the organisation's reputation
BSet the price of new products
CSell products face to face
DOffer short-term price discounts to boost sales volume quickly
4.Medium
What is a perceptual (positioning) map mainly used for?
ATo track production costs over time
BTo show how customers see brands on key attributes compared with competitors
CTo show where a firm's stores are located
DTo plan delivery routes for sales staff
5.Medium
A web shop has 2,000 visitors and 50 of them make a purchase. What is the conversion rate?
A0.25%
B2.5%
C25%
D4%
6.Medium
A firm competes across a broad market by having the lowest costs in its industry and passing savings on as low prices. Which Porter generic strategy is this?
ADifferentiation
BDifferentiation focus
CMarket development
DCost leadership
7.Hard
A campaign costs €50,000. Each extra unit sold gives €25 contribution. How many extra units must it sell to break even?
A1,250 units
B20,000 units
C500 units
D2,000 units
8.Hard
A company launches a premium version of its product under the same brand name. This is an example of:
AMultibranding
BBrand extension into a new category
CLine extension
DCo-branding
Answer key
1. B · A product sold under the retailer's own brand name
2. A · Selling products or services to other businesses
3. A · Build goodwill and manage the organisation's reputation
4. B · To show how customers see brands on key attributes compared with competitors
5. B · 2.5%
6. D · Cost leadership
7. D · 2,000 units
8. C · Line extension
Full step-by-step solutions: practise this topic on examproblems.com.