Marketing Vocabulary Multiple Choice 9

Marketing Vocabulary Multiple Choice 9

11th Grade

20 Qs

quiz-placeholder

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Marketing Vocabulary Multiple Choice 9

Marketing Vocabulary Multiple Choice 9

Assessment

Quiz

Other

11th Grade

Medium

Created by

Merle Webber

Used 1+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A product specialist is responsible for:

Setting the pricing structure for all company products

Providing in-depth knowledge about a specific product to customers and sales teams

Managing the company's advertising campaigns

Manufacturing new products for a business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The production possibility curve (PPC) represents:

The cost of producing a single product in an industry

The total number of available employees in a business

The maximum potential output combinations of two goods or services given limited resources

The financial earnings of a company over time

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Productivity measures:

The efficiency of production based on the ratio of output to input

The total amount of sales generated in a company

The total number of advertisements run by a business

The profit a company makes before expenses

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Profit and Loss Statement (P&L)

A financial statement that summarizes revenues, costs, and expenses incurred during a specific period.

A document that outlines the company's assets and liabilities.

A report detailing the cash inflows and outflows of a business.

A statement showing the changes in equity of a company.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A profit and loss statement (P&L) is used to:

Manage employee payroll and benefits

Evaluate the number of customers a business serves annually

Track a company’s revenue, expenses, and net income over a period of time

Set the pricing strategy for new products

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Promotion in marketing refers to:

The method used to manufacture goods

The marketing strategies used to communicate and encourage sales

The process of distributing products to retail stores

The pricing structure set for new products

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The promotional mix includes:

The number of products offered by a company

A combination of advertising, public relations, sales promotion, and personal selling strategies

The business partnerships formed in a given industry

The price-setting strategy for discounts

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