Marketing MCQ Set 1

Marketing MCQ Set 1

    Following are the Multiple choice Questions (MCQ) based on Marketing

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For study notes on this Marketing topic, link is available at last this article.👇

MCQ Quiz on Marketing SET 1 is available after the end of all mcqs 👇 

 

1) The word ‘marketing’ is derived from the original_____ word Market

1. German
2. Latin
3. Marathi
4. Hindi

 

2) German word ‘market’ has come into existence from the_____ word ‘Mercatus’.

1. German
2. Latin
3. Marathi
4. Hindi

 

3) German word ‘market’ has come into existence from the Latin word______.

1. Market
2. Marketing
3. Mercatus
4. Marketing management

 

4) German word ‘market’ has come into existence from the French word_____

1. Markeit
2. Market
3. Markting
4. Mercatus

 

5) German word ‘market’ has come into existence from the_____ word Markeit.

1. French
2. German
3. Latin
4. Marathi

 

For study notes on this Marketing topic, link is available at last this article.👇

MCQ Quiz on Marketing SET 1 is available after the end of all mcqs 👇 

 

6) German word ‘market’ has come into existence from the Italian word______.

1. Merecato
2. Markeit
3. Market
4. Markting

 

7) German word ‘market’ has come into existence from the____word Merecato.

1. Italian
2. French
3. German
4. Latin

 

8) The definition “Marketing is the human action towards meeting needs and requirements through the process of exchange. is given by

1. Philip Kotler
2. Paul Mazur
3. Toussaint, Clark and Clark
4. Candy and steel

 

9) The definition “Marketing is about providing quality of life to the society.” is given by

1. Philip Kotler
2. Paul Mazur
3. Toussaint, Clark and Clark
4. Candy and steel

 

10) The definition “Marketing involves the effort to facilitate the transfer of ownership of goods and services and to arrange for their physical distribution.” is given by

1. Philip Kotler
2. Paul Mazur
3. Toussaint, Clark and Clark
4. Candy and steel

 

For study notes on this Marketing topic, link is available at last this article.👇

MCQ Quiz on Marketing SET 1 is available after the end of all mcqs 👇 

 

11) The definition  “Marketing is a business process that coordinates the production of goods and markets and changes the ownership of goods.” is given by

1. Philip Kotler
2. Paul Mazur
3. Toussaint, Clark and Clark
4. Candy and Steel 

 

12) The definition “Marketing is the financial process of determining the value of goods and services in exchange for money.” is given by

1. Dudradi and Retzan
2. American Marketing Association
3. H. F. Hansen
4. Candif, Steele, and Govoni

 

13) The Definition “Marketing is the business that drives the journey of goods and services from producers to consumers.” is given by

1. Dudradi and Retzan
2. American Marketing Association 
3. H. F. Hansen
4. Candif, Steele, and Govoni

 

14) The definition “Finding the needs and requirements of the customers and converting them into specialized goods and services. The process of creating a demand for these goods and services and then expanding that demand is called marketing. ” is given by

1. Dudradi and Retzan
2. American Marketing Association 
3. H. F. Hansen 
4. Candif, Steele, and Govoni

 

15) The Definition  “Marketing is a managerial process through which the product and the market are coordinated and the consumer is able to use the product or get satisfaction.” is given by

1. Dudradi and Retzan
2. American Marketing Association 
3. H. F. Hansen 
4. Candif, Steele, and Govoni 

 

For study notes on this Marketing topic, link is available at last this article.👇

MCQ Quiz on Marketing SET 1 is available after the end of all mcqs 👇 

 

16) The definition “The circle of exchange process done by individuals and organizations to meet human needs is called marketing. This is a basic human action. ” is given by

1. B. M. Anise
2. N. C. Nair
3. Philip Kotler & R. S. Alexander
4. Peter Drucker

 

17) The definition “Creating a way of life and providing it to the society is marketing.” is given by

1. B. M. Anise
2. N. C. Nair 
3. Philip Kotler & R. S. Alexander
4. Peter Drucker

 

18) The definition  “Marketing is the commercial activity used to maintain the flow of goods and services from production to consumption.” is given by

1. B. M. Anise
2. N. C. Nair 
3. Philip Kotler & R. S. Alexander 
4. Peter Drucker

 

19) The definition “Marketing is a process that changes the economic value of tools and specific knowledge in a market place.” is given by

1. B. M. Anise
2. N. C. Nair 
3. Philip Kotler & R. S. Alexander 
4. Peter Drucker 

 

20) The Definition “Marketing is not a specific activity, it is a system that involves various business activities that affect each other. The purpose of this system is to plan, pricing, increase trade, and distribute goods and services in order to meet the needs of current and potential customers. ” is given by

1. B. M. Anise
2. N. C. Nair 
3. Philip Kotler & R. S. Alexander 
4. William Stantno 

 

For study notes on this Marketing topic, link is available at last this article.👇

MCQ Quiz on Marketing SET 1 is available after the end of all mcqs 👇

 

21) The Definition “Marketing is a process that follows the customer’s demand. There is a demand for goods and services in the market. Based on that, marketing is a way to make a profit for yourself and meet the needs of the consumer. ” is given by

1. N. C. Nair 
2. Philip Kotler & R. S. Alexander 
3. William Stantno
4. None of the above

 

22)The _____ concept was born out of the marketing process so that the product produced should have a proper appearance, location, duration and price determination.

1. Traditional marketing 
2. Modern Marketing
3. Both
4. None of the above

 

23) The modern concept is also called the___ concept.

1. New
2. Old
3. Renew
4. None of the above

 

24) The purpose of this concept was to generate maximum number of customers from minimum number of customers.

1. Traditional marketing 
2. Modern Marketing
3. Both
4. None of the above

 

25) Marketing is a capital raising process, it is

1. True 
2. False
3. Both
4. None of the above

 

For study notes on this Marketing topic, link is available at last this article.👇

MCQ Quiz on Marketing SET 1 is available after the end of all mcqs 👇 

 

26) Markets are classified according to_____ into local, regional, regional, national markets,

1. location 
2. geographically
3. Both 
4. None of the above

 

27) Markets in which goods and services are traded within the country are called 

1. Domestic markets
2. Foreign Market
3. Capital Market 
4. Outer Market

 

28) Buyers and sellers are spread across many nations, from one nation to another, all over the country, those markets are called-

1. Domestic markets
2. Foreign Market
3. Capital Market 
4. National Market 

 

29) Markets in which buyers and sellers from two or more countries come together and complete the transaction and achieve the trade objective are called 

1. Global markets
2. Overseas markets
3. Foreign Market
4. All above

 

30) GATS-

1. General Agreement on Trade in Services
2. Gross Agreement on Trade in Services
3. General Arrengment on Trade in Services
4. General Agreement on Trade in Society

 

For study notes on this Marketing topic, link is available at last this article.👇

MCQ Quiz on Marketing SET 1 is available after the end of all mcqs 👇 

 

31) A____ market is a place in which a single item is sold in bulk or in bulk without buying a single item.

1. Wholesale 
2. Retail
3. Short Market
4. Long Market

 

32) A market in which sellers sell less goods and services to customers / buyers is called a 

1. Retail market
2. Wholesale  market
3. Both
4. None of the above

 

33) Some markets that are open for a day or a week are called 

1. Long-term markets
2. Short-term markets
3. Medium-term markets
4. None of the above

 

34) Markets that are fixed in one place for certain weeks or months, called 

1. Long-term markets
2. Short-term markets
3. Medium-term markets
4. None of the above

 

35) A___ market is a market in which the primary income or commodity is traded

1. Basic commodity
2. None basic commodity
3. Secondary commodity
4. Secondary basic commodity

 

For study notes on this Marketing topic, link is available at last this article.👇

MCQ Quiz on Marketing SET 1 is available after the end of all mcqs 👇 

 

36) In this market, the consumer is the end consumer of the product, that market is called___ goods market.

1. Seller
2. buyer
3. consumer
4. None of the above

 

37) An industrial market is a 

1. Commercial market
2. None commercial market
3. None industrial market
4. All

 

38) Markets in which buy-sell currencies are traded globally. They are called 

1. Foreign Currency markets.
2. International currency markets
3. Both
4. None of the above

 

39) A____ market is a place where bonds and shares are traded.

1. Share
2. Capital
3. Goods
4. All

 

40) A market in which there is no shortage of goods and services or all the goods and services are available in that market is called a 

1. Complete market 
2. Incomplete market
3. Both
4. None of the above 

 

MCQ Quiz on Marketing SET 1 is available below  👇

Fill the details and click on Next button 👇

 

Other Links👇

👉Marketing Set 1| Types of Market | -Study Notes
👉UGC NET SET MCQ

 

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