Marketing Multiple choice question
1. What is the marketing mix often referred to as?
a. 4 Ps
b. 3 Rs
c. 2 Ds
d. 5 Ms
2. In marketing, what does SWOT stand for?
a. Strengths, Weaknesses, Opportunities, Threats
b. Sales, Worldwide, Operations, Team
c. Strategy, Work, Organization, Tactics
d. Success, Wisdom, Openness, Teamwork
3. Which of the following is NOT a stage in the product life cycle?
a. Introduction
b. Growth
c. Stagnation
d. Decline
4. What does CRM stand for in the context of marketing?
a. Customer Relationship Management
b. Cost Reduction Mechanism
c. Customer Response Model
d. Competitive Resource Management
5. What is the term for the set of potential consumers a company can reach with
its marketing efforts?
a. Market Penetration
b. Market Segmentation
c. Market Saturation
d. Market Coverage