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Question:

What is the full form of VMS?
  1. Velocity moving system
  2. Vertical marketing system
  3. Vertical moving system
  4. Very moveable system






Q2. CRM helped in increasing customer satisfaction from order to end product.

  1. True
  2. False
Correct Answer

Q3. Our marketing mechanism is deemed successful only if –

  1. We get money from him
  2. Customer is fully satisfied by our products and services
  3. We can sell more than our competitors
  4. We can make more profit than our competitors
Correct Answer

Q4. According to Ansoft’s model of product/market expansion.

  1. When products are new and markets are new, then diversification strategy would be implemented
  2. When products are present (or current) and markets are present (or current), then product development would be the right strategy
  3. Product development is not feasible
  4. None of these
Correct Answer

Q5. _____ refers to the knowledge and courtesy of employees and their ability to convey trust and confidence.

  1. Empathy
  2. Reliability
  3. Responsiveness
  4. Assurance
  5. Tangibles
Correct Answer

Q6. Sarah and Steve are sales reps for a major pharmaceutical company in the same geographic area. Sarah calls on private practice physicians, while Steve calls on hospital groups. Their sales manager would likely have an ethical dilemma in the area of:

  1. Determining compensation and incentives
  2. Equal treatment in hiring and promotion
  3. Respect for individuals in supervisory and training programs
  4. Fairness in the design of sales territories
  5. Fairness in the assignment of sales territories
Correct Answer

Q7. The major focus of the societal marketing concept is –

  1. Profit only
  2. Society’s well being only
  3. Satisfaction of customer only
  4. All of these
Correct Answer

Q8. In SWOT, the letter ‘O’ stands for –

  1. Omnipresent (product lines)
  2. Obvious (Marketing responses)
  3. Occurrence (of trade cycles)
  4. None of the above
Correct Answer

Q9. An offering that consists primarily of a tangible good with no services at all is considered a _____.

  1. tangible good with accompanying services
  2. hybrid
  3. pure tangible good
  4. major service with accompanying minor goods and services
  5. pure service
  6. pure tangible good
Correct Answer

Q10. The higher the inflation, the –

  1. Lower would be the purchasing power of consumers
  2. higher would be the purchasing power of consumers
  3. Least affected would be the consumers of all genres
  4. Least affected would be the consumers of creme de’ la crème genre
Correct Answer










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