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LPU MBA – EMKT503 (Marketing Management) Test Series with Answers | Military Brat Defence Academy

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Series: LPU MBA – EMKT503 (Marketing Management) Test Series
QID #1363 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

Cultural environment refers to:

Correct Answer: A. Values, beliefs and customs of society
Culture influences consumer behavior and preferences.
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QID #1362 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

Political environment consists of:

Correct Answer: A. Laws, government agencies and pressure groups
Political environment includes laws and regulations affecting businesses.
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QID #1361 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

Technological environment includes:

Correct Answer: A. Innovations and technological changes
Technological changes create opportunities and threats for marketers.
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QID #1360 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

The natural environment refers to:

Correct Answer: A. Natural resources and ecological concerns
Natural environment includes natural resources and environmental issues.
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QID #1359 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

The economic environment includes:

Correct Answer: A. Income and purchasing power
Economic factors affect purchasing power and spending patterns.
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QID #1358 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

The demographic environment deals with:

Correct Answer: A. Population characteristics
Demography studies population size, age, gender and distribution.
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QID #1357 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

Which of the following is a part of macro environment?

Correct Answer: A. Demographic environment
Demographic forces are part of macro environment.
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QID #1356 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

Which of the following is a part of micro environment?

Correct Answer: A. Suppliers
Suppliers directly affect a company’s ability to serve customers.
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QID #1355 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

The marketing environment can be broadly classified into:

Correct Answer: A. Micro and Macro environment
Marketing environment is broadly divided into micro and macro environment.
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QID #1354 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 4: Marketing Environment Chapterwise Test Easy

Marketing environment refers to:

Correct Answer: A. Internal and external factors affecting marketing decisions
Marketing environment consists of internal and external forces influencing marketing activities.
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QID #1353 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Easy

Marketing mix decisions should support:

Correct Answer: A. Positioning strategy
Marketing mix must support the selected positioning strategy.
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QID #1352 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Easy

A good marketing mix should be:

Correct Answer: A. Consistent with target market needs
Marketing mix should fit target market needs and positioning.
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QID #1351 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Medium

Communication corresponds to which 4P?

Correct Answer: A. Promotion
Communication is the customer-oriented view of Promotion.
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QID #1350 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Medium

Convenience corresponds to which 4P?

Correct Answer: A. Place
Convenience is the customer-oriented view of Place.
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QID #1349 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Medium

Customer cost corresponds to which 4P?

Correct Answer: A. Price
Customer cost is the customer-oriented view of Price.
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QID #1348 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Medium

Customer solution corresponds to which 4P?

Correct Answer: A. Product
Customer solution is the customer-oriented view of Product.
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QID #1347 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Medium

The 4Cs are customer-oriented version of:

Correct Answer: A. 4Ps
The 4Cs reinterpret the 4Ps from customer perspective.
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QID #1346 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Medium

Physical evidence means:

Correct Answer: A. Tangible cues of service quality
Physical evidence includes ambience, layout, documents and other tangible cues.
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QID #1345 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Medium

Process in services marketing means:

Correct Answer: A. Procedures and flow of service delivery
Process means methods, systems and procedures used to deliver service.
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QID #1344 AIIMS LPU MBA – EMKT503 (Marketing Management) Test Series LPU MBA EMKT503 Unit 3: Marketing Mix Chapterwise Test Medium

In services marketing, People refers to:

Correct Answer: A. Employees and customers involved in service delivery
People includes service employees and customers who influence delivery.
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