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MARKETING 1.03 Practice Questions What is one way that businesses use marketing information? 1-To develop new products 2-To determine credit scores 3-To change economic trends 4-To prepare sales invoices What is one way that businesses use marketing information? 1-To develop new products 2-To determine credit scores 3-To change economic trends 4-To prepare sales invoices What does continuously monitoring internal marketing information enable businesses to do? 1-Investigate competitors 2-Identify problems 3-Evaluate market share 4-Analyze economic changes What does continuously monitoring internal marketing information enable businesses to do? 1-Investigate competitors 2-Identify problems 3-Evaluate market share 4-Analyze economic changes What is one way that many businesses use the marketing information contained in sales reports? 1-To monitor expense accounts 2-To qualify potential new customers 3-To improve the effectiveness of salespeople 4-To develop negotiating techniques What is one way that many businesses use the marketing information contained in sales reports? 1-To monitor expense accounts 2-To qualify potential new customers 3-To improve the effectiveness of salespeople 4-To develop negotiating techniques By monitoring its sales and its customers' buying habits, what is a business often able to identify? 1-Popular products 2-Research methods 3-Economic resources 4-Competitors' activities By monitoring its sales and its customers' buying habits, what is a business often able to identify? 1-Popular products 2-Research methods 3-Economic resources 4-Competitors' activities XYZ Company noticed that the sales of iPads in blue have increased in sales. What can be the business determine about the iPads? 1-Popular products 2-Research methods 3-Economic resources 4-Competitors' activities XYZ Company noticed that the sales of iPads in blue have increased in sales. What can be the business determine about the iPads? 1-Popular products 2-Research methods 3-Economic resources 4-Competitors' activities What type of internal report would indicate to a business that sales for a specific product have dramatically dropped over the past three months? 1-Market demographics analysis 2-Accounts payable summary 3-Annual income statement 4-Quarterly inventory status What type of internal report would indicate to a business that sales for a specific product have dramatically dropped over the past three months? 1-Market demographics analysis 2-Accounts payable summary 3-Annual income statement 4-Quarterly inventory status What type of marketing data can a business obtain by reviewing its inventory reports and customers' invoices? 1-Product quality 2-Customers' credit limits 3-Customers' product preferences 4-Actual market share What type of marketing data can a business obtain by reviewing its inventory reports and customers' invoices? 1-Product quality 2-Customers' credit limits 3-Customers' product preferences 4-Actual market share