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This section includes 152 Mcqs, each offering curated multiple-choice questions to sharpen your Master of Commerce (MDotcom) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
_____________ (is) are transmitted through three basic organizations: the family, religious organizations, and educational institutions; and in today s society, educational institutions are playing an increasingly greater role in this regard. |
| A. | consumer feedback |
| B. | marketing information systems |
| C. | market share estimates |
| D. | cultural values |
| Answer» E. | |
| 2. |
________are based on such things as geographic areas, religions, nationalities, ethnic 3groups, and age. |
| A. | Multilingual needs |
| B. | Cultures |
| C. | Subcultures |
| D. | Product adaptation requirements |
| Answer» D. Product adaptation requirements | |
| 3. |
_______________ are based on such things as geographic areas, religions, nationalities, ethnic groups, and age. |
| A. | multilingual needs |
| B. | cultures |
| C. | subcultures |
| D. | product adaptation requirements |
| Answer» D. product adaptation requirements | |
| 4. |
________________ emphasize(s) that profitable marketing begins with the discovery and understanding of consumer needs and then develops a marketing mix to satisfy these needs. |
| A. | The marketing concept |
| B. | The strategic plan |
| C. | The product influences |
| D. | The price influences. |
| Answer» B. The strategic plan | |
| 5. |
Understanding consumer buying behaviour is not easy. The answers are often locked deep within the consumers head |
| A. | How much money is the consumer willing to spend? |
| B. | How much does the consumer need the product being offered for sale? |
| C. | How much does a discount or a coupon affect the purchase rate? |
| D. | How do consumers respond to various marketing efforts the company might use? |
| Answer» E. | |
| 6. |
If a consumer tells friends I like my car more than any other car on the road, then the consumer has expressed a(n): |
| A. | rule. |
| B. | attitude. . |
| C. | belief. |
| D. | cue. |
| Answer» C. belief. | |
| 7. |
According to the stimulus-response model of buyer behavior (as presented in your text), the place where consumers process marketing stimuli prior to making purchase decision is called the: |
| A. | consumer s value chain. |
| B. | consumer s cognitive schema. |
| C. | consumer s black box. . |
| D. | consumer s thoughts-emotions network. |
| Answer» D. consumer s thoughts-emotions network. | |
| 8. |
According to the buyer decision process suggested in the text, the first stage is characterized as being one of: |
| A. | awareness. |
| B. | information search. |
| C. | need recognition. . |
| D. | demand formulation. |
| Answer» D. demand formulation. | |
| 9. |
Generally, the consumer s purchase decision will be to buy the most preferred brand, but two factors can come between the purchase intention and the purchase decision. These two factors are best described as being: |
| A. | the cost and availability of the product. |
| B. | the attitude of others and the cost of the product. |
| C. | the availability of the product and unexpected situational factors. |
| D. | the attitude of others and unexpected situational factors. . |
| Answer» E. | |
| 10. |
The consumer can obtain information from any of several sources. If the consumer were to obtain information from handling, examining, or using the product, then the consumer would have obtained the information by using a(n): |
| A. | personal source. |
| B. | commercial source. |
| C. | informative source. |
| D. | experiential source. |
| Answer» E. | |
| 11. |
The _________________ is the mental process through which an individual passes from first hearing about an innovation to final adoption. |
| A. | adoption process . |
| B. | consumption process |
| C. | innovation process |
| D. | new product development process |
| Answer» B. consumption process | |
| 12. |
A company must always guard against dissatisfying customers. On average, a satisfied customer tells 3 people about a good purchase experience. A dissatisfied customer, however, on average gripes to ________ people. |
| A. | 7 |
| B. | 9 |
| C. | 11 . |
| D. | 30 |
| Answer» D. 30 | |
| 13. |
The buying process can be triggered by a(n) __________ when one of the person s normal needs hunger, thirst, sex rises to a level high enough to become a drive. |
| A. | awareness |
| B. | external stimuli |
| C. | internal stimuli . |
| D. | experiential motivation |
| Answer» D. experiential motivation | |
| 14. |
The stage in the buyer decision process in which the consumer is aroused to search for more information is called: |
| A. | information search. . |
| B. | evaluation of alternatives. |
| C. | search for needs. |
| D. | perceptual search. |
| Answer» B. evaluation of alternatives. | |
| 15. |
The marketer s job does not end when the product is bought. After purchasing the product, the consumer will be satisfied or dissatisfied and will engage in _____. |
| A. | habitual buying behaviour |
| B. | alterative evaluation |
| C. | post purchase behaviour . |
| D. | variety-seeking buying behaviour |
| Answer» D. variety-seeking buying behaviour | |
| 16. |
If a consumer tells friends I like my car more than any other car on the road, then the consumer has expressed an _____________ |
| A. | Rule. |
| B. | Attitude. . |
| C. | Belief. |
| D. | Cue. |
| Answer» C. Belief. | |
| 17. |
In large nations, the population is bound to lose a lot of its homogeneity, and thus _________________ arise. |
| A. | Multilingual needs |
| B. | Cultures |
| C. | Subcultures |
| D. | Product adaptation requirements |
| Answer» D. Product adaptation requirements | |
| 18. |
When a consumers purchase a product for the first time and buys a small quantity than usual, this purchase would be considered as a ____________ |
| A. | Sample |
| B. | Repeat |
| C. | Long term |
| D. | All of the above |
| Answer» E. | |
| 19. |
When a consumers purchase a product for the first time and buys a small quantity than usual, this purchase would be considered as a ____________ |
| A. | Sample |
| B. | Repeat |
| C. | Long term |
| D. | All of the above |
| Answer» E. | |
| 20. |
General Motors buys steel because consumers buy cars. If consumer demand for cars drops, so will General Motors demand for steel. This is an example of the relationships found in___________ |
| A. | Kinked demand. |
| B. | Inelastic demand. |
| C. | Cyclical dema |
| D. | d. Derived demand. . |
| Answer» E. | |
| 21. |
A new product is a good, service, or idea that is perceived by some potential customers as new. Our interest is in how consumers learn about products for the first time and make the decision to buy them. This is called the _____. |
| A. | new product recognition |
| B. | adoption process . |
| C. | variety-seeking buying behaviour |
| D. | information search |
| Answer» C. variety-seeking buying behaviour | |
| 22. |
In a _______________, the buyer wants to change something about product specifications, prices, terms, or suppliers. |
| A. | habitual re buy |
| B. | straight re buy |
| C. | modified re buy . |
| D. | new task buy |
| Answer» D. new task buy | |
| 23. |
The _______________ may lead the buyer to continue, modify, or drop the arrangement that has been entered into by the buyer and seller. |
| A. | performance review . |
| B. | order-routine specification |
| C. | supplier selection |
| D. | general need description |
| Answer» B. order-routine specification | |
| 24. |
When demand comes (as it does in the business market) from the demand for consumer goods, this form of demand is called___________ |
| A. | Kinked demand. |
| B. | Inelastic demand. |
| C. | Cyclical deman |
| D. | d. Derived demand. . |
| Answer» E. | |
| 25. |
All of the following are among the primary differences between a business market and a consumer market except ____________ |
| A. | Purchase decisions to satisfy needs. . |
| B. | Market structure and demand. |
| C. | The nature of the buying unit. |
| D. | The types of decisions and the decision process involved. |
| Answer» B. Market structure and demand. | |
| 26. |
Generally, the consumer s purchase decision will be to buy the most preferred brand, but two factors can come between the purchase intention and the purchase decision. What is one of these factors? |
| A. | post purchase behaviour. |
| B. | attitude of others. . |
| C. | cognitive dissonance. |
| D. | habitual buying behaviour. |
| Answer» C. cognitive dissonance. | |
| 27. |
Generally, the consumers purchase decision will be to buy the most preferred brand, but two factors can come between the purchase intention and the purchase decision.These Two factors are best described as being |
| A. | The cost and availability of the product |
| B. | The attitude of others and the cost of the product |
| C. | The availability of the product and unexpected situational factors |
| D. | The attitude of others and unexpected situational factors |
| Answer» C. The availability of the product and unexpected situational factors | |
| 28. |
Considering the major influences on business buyer behavior, as shown in a model in the text, under which influence stage would you expect to find the influences of authority, status, empathy, and persuasiveness? |
| A. | environmental |
| B. | organizational |
| C. | interpersonal . |
| D. | individual |
| Answer» E. | |
| 29. |
If a company makes products and services for the purpose of reselling or renting them to others at a profit or for use in the production of other products and services, then the company is selling to the__________ |
| A. | Business market. . |
| B. | International market. |
| C. | Consumer market. |
| D. | Private sector market. |
| Answer» B. International market. | |
| 30. |
________________ is one of the most basic influences on an individual s needs, wants, and behavior. |
| A. | Brand |
| B. | Culture |
| C. | Product |
| D. | Price |
| Answer» C. Product | |
| 31. |
A person s attitudes fit into a pattern, and to change one attitude may require difficult adjustments in many others. Thus, a company should _____ try to fit its products into existing attitudes rather than attempt to change attitudes. |
| A. | usually . |
| B. | not |
| C. | once in a while |
| D. | seldom |
| Answer» B. not | |
| 32. |
_________________ is an approach to cost reduction in which components are studied carefully to determine if they can be redesigned, standardized, or made by less costly methods of production. |
| A. | Cost analysis |
| B. | Order analysis |
| C. | Product analysis |
| D. | Value analysis . |
| Answer» E. | |
| 33. |
The __________________ is a person within a reference group who, because of special skills, knowledge, personality, or other characteristics, exerts influence on others. |
| A. | facilitator |
| B. | referent actor |
| C. | opinion leader . |
| D. | social role player |
| Answer» D. social role player | |
| 34. |
The _________________ is the mental process through which an individual passes from first hearing about an innovation to final adoption. |
| A. | adoption process . |
| B. | consumption process |
| C. | innovation process |
| D. | new product development process |
| Answer» B. consumption process | |
| 35. |
All of the following are part of the adoption process that consumers may go through when considering an innovation EXCEPT: |
| A. | Awareness. |
| B. | Process. |
| C. | Interest. |
| D. | Trial. |
| Answer» C. Interest. | |
| 36. |
With respect to adopter categories, the _______________ are guided by respect, are the opinion leaders in their communities, and adopt new ideas early but carefully. |
| A. | seekers |
| B. | innovators |
| C. | early adopters . |
| D. | early majority |
| Answer» D. early majority | |
| 37. |
The decision-making unit of a buying organization is called its _____________: all the individuals and units that participate in the business decision-making process. |
| A. | buying center . |
| B. | purchasing center |
| C. | bidding center |
| D. | demand-supply center |
| Answer» E. | |
| 38. |
The stage of the business buying process where the buyer describes the characteristics and quantity of the needed item is called ___________ |
| A. | Problem recognition. |
| B. | General need description. . |
| C. | Product specification. |
| D. | Proposal solicitation. |
| Answer» C. Product specification. | |
| 39. |
The stage of the business buying process where the buyer describes the characteristics and quantity of the needed item is called: |
| A. | problem recognition. |
| B. | general need description. . |
| C. | product specification. |
| D. | proposal solicitation. |
| Answer» C. product specification. | |
| 40. |
________________ is the stage of business buying where an organization decides on and specifies the best technical product characteristics for a needed item. |
| A. | Problem recognition |
| B. | General need description |
| C. | Product specification . |
| D. | Proposal solicitation. |
| Answer» D. Proposal solicitation. | |
| 41. |
Learned predispositions to respond to an object or class of objects in a consistently favourable or unfavourable way is the definition of: |
| A. | intentions |
| B. | behaviours |
| C. | aptitudes |
| D. | attitudes . |
| Answer» E. | |
| 42. |
_____ describes a person s relatively consistent evaluations, feelings, and tendencies toward an object or idea. |
| A. | lifestyle |
| B. | motive |
| C. | habitual behaviour |
| D. | attitude . |
| Answer» E. | |
| 43. |
_____ is the process by which people select, organize, and interpret information to form a meaningful picture of the world. |
| A. | personality |
| B. | perception . |
| C. | selective group |
| D. | habitual behaviour |
| Answer» C. selective group | |
| 44. |
One of the key tasks of marketers is ____________ and to create consumer perceptions that the product is worth purchasing. |
| A. | to make products easily visible and available |
| B. | to promote sales of products |
| C. | to differentiate their products from those of competitors . |
| D. | to do marketing surveys |
| Answer» D. to do marketing surveys | |
| 45. |
Two of the most important psychological factors that impact consumer decision-making process are product _____________ and product involvement. |
| A. | Marketing |
| B. | Strategy |
| C. | Price |
| D. | Knowledge |
| Answer» E. | |
| 46. |
How the consumer processes information to arrive at brand choices occurs during which stage of the buyer decision process? |
| A. | need recognition |
| B. | information search |
| C. | evaluation of alternatives |
| D. | purchase decision |
| Answer» D. purchase decision | |
| 47. |
______________ is(are) a person s unique psychological characteristics that lead to relatively consistent and lasting responses to his or her own environment. |
| A. | Psychographics |
| B. | Personality . |
| C. | Demographics |
| D. | Lifestyle |
| Answer» C. Demographics | |
| 48. |
In terms of behaviour; culture, social class and reference group influences have been related to purchase and _________________ |
| A. | Economic situation |
| B. | Situational influences |
| C. | Consumption decisions |
| D. | Physiological influences |
| Answer» D. Physiological influences | |
| 49. |
The consumer can obtain information from any of several sources. Which is not one of these sources? |
| A. | personal. |
| B. | commercial. |
| C. | attitude. . |
| D. | public. |
| Answer» D. public. | |
| 50. |
__________________ is the process by which people select, organize, and interpret information to form a meaningful picture of the world. |
| A. | readiness |
| B. | selectivity |
| C. | perception . |
| D. | motivation |
| Answer» D. motivation | |