A product specialist is responsible for:

Marketing Vocabulary Multiple Choice 9

Quiz
•
Other
•
11th Grade
•
Medium
Merle Webber
Used 1+ times
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20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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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