Economics Mcqs – MCQs

4553 questions. Click to practice.

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1.What term describes advertisements that show up as users browse internet services or websites, such as banners, pop-ups, tickers, and roadblocks?

2.If a business launches a product in a category where its existing brand names do not fit, which branding approach is it most likely to adopt?

3.Sam's Club, which is owned by Wal-Mart, is an example of which type of retail store?

4.Which of the following are Yahoo, Infoseek, and Baidu classified as?

5.What term describes anything presented to a market to attract attention, be used, or consumed, fulfilling a desire or need?

6.Effective service organizations prioritize their customers and employees because they recognize the concept of ________, which connects employee satisfaction and customer satisfaction to the company's profitability.

7.Which promotional method should a company select if its goal is to reach a large, geographically scattered audience at minimal cost per contact?

8.What term describes computerized repositories of data gathered from sources inside an organization?

9.Orange juice producers recognize that their product is mostly consumed in the morning. They want to expand its appeal so that people drink it at different times throughout the day. Which type of market segmentation should they focus on to develop a strategy aligned with this goal?

10.Sales representatives today are assessed and rewarded using various criteria compared to earlier times. Which of the following is NOT an example of these criteria?

11.Who holds contractual rights to market and sell all products produced by a manufacturer?

12.Which type of advertising technique is demonstrated by a family sitting together at the dinner table enjoying the promoted product?

13.Which criticism of marketing is supported by worries that producers of harmful goods like tobacco exert undue influence over policymakers, harming public welfare?

14.Who is an individual within a reference group that impacts others due to unique skills, expertise, personality, or other traits?

15.Which type of products are purchased by individuals or companies for additional processing or to support business operations?

16.Which pricing goal is demonstrated when a company prices products to cover variable costs and a portion of fixed costs, such as some car dealerships that sell below total cost?

17.What do you call an item given for free or at a reduced price to encourage the purchase of a product?

18.Which marketing principle emphasizes that a company ignoring improved methods will ultimately lose customers to competitors who discover superior ways to meet customer needs?

19.Which of the following is NOT typically considered a disadvantage of local marketing?

20.Marketers are sometimes criticized for misleading tactics that cause consumers to expect greater value than they actually receive. Which of the following involves actions like falsely claiming factory or wholesale prices or showing a large discount from a fabricated high retail price?