Can you answer these multiple choice questions about marketing? Answers changes every time you play. Good luck!
For technical reasons, questions that originally had two or more correct answers have only one in this quiz. Removed options appear as post-game explanations.
Based on a course by Shawn Burns, itself inspired by the book Principles of Marketing by Philip Kotler and Gary Armstrong.
Keep scrolling down for answers and more stats ...
1. Planters saw market share drop despite heritage and awareness. Which fundamental market challenge did they face?
Category growth was growing without Planter’s participation
Production costs were forcing price increases
Brand personality was disconnected from modern consumers
Brand awareness declined among younger consumers
Premium positioning conflicted with value proposition
2. When Airbnb first launched, convincing people to stay in a stranger’s home illustrated which service characteristic?
Service variability
Service heterogeneity
Service inseparability
Service perishability
Service intangibility
3. Which of the following statements best explains why idea screening may be the most important step of new product development?
It helps forecast the product’s sales and profits accurately for a specific period
It provides an opportunity for the marketer to test the prototype in a simulated market
It increases the number of ideas generated
It gives research and development team members an opportunity to gather consumer feedback
It saves the company money in product development costs by going ahead with only the product ideas that are likely to be profitable
4. A company collects massive e-commerce, retail, and social data but struggles to convert it into actionable insights. Which system is designed to help transform data into customer and market insights?
Customer Value Chain
Customer Relationship Management
Entreprise Ressource Planning
Market Information System
Data Warehouse
5. — occurs when a company lengthens the product line beyond its current range.