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1. A company uses a marketing strategy that targets a broad market with a single offer. This is an example of:
2. What is the main purpose of a SWOT analysis in marketing?
3. Which marketing research method involves observing consumers in their natural environment?
4. Which of the following describes ‘direct marketing’?
5. What is the primary goal of a marketing mix (4 Ps)?
6. Which pricing strategy involves setting a high initial price for a new product to ‘skim’ revenue layers from the market?
7. The process of understanding how consumers make decisions and how they buy and dispose of an offering is known as:
8. What is the primary purpose of ‘promotion’ in the marketing mix?
9. What is the term for the unique benefit that a company promises to deliver to its customers?
10. A company decides to launch a new product that is significantly different from anything currently available. This represents which stage of the product life cycle?
11. When a company analyzes its competitors’ strategies, strengths, and weaknesses, it is engaging in:
12. What is the primary role of ‘marketing research’ in marketing management?
13. What does ‘brand equity’ refer to in marketing?
14. Which of the following best describes the concept of ‘market segmentation’ in marketing management?
15. A company that focuses on meeting the needs of a specific, narrow market segment is practicing:
16. A company that focuses on building strong relationships with its customers and ensuring their long-term satisfaction is practicing which marketing concept?
17. What is the term for the physical distribution of goods and services?
18. When a company aims to differentiate its product from competitors based on superior quality and features, it is focusing on:
19. When a company sells its products through intermediaries that are geographically dispersed, it is primarily focusing on which element of the marketing mix?
20. Which of the following is NOT a component of the marketing mix (4 Ps)?
21. A firm is using a strategy where it offers a significant discount on its primary product to attract new customers, hoping they will also purchase higher-margin accessories. This is an example of:
22. The process of creating a unique name, symbol, design, or a combination thereof that identifies and differentiates a product or service from its competitors is known as:
23. What is the main purpose of a marketing plan?
24. Which marketing concept focuses on building long-term relationships with customers?
25. The strategy of selling the same product to new markets or customer segments is known as:
26. In the context of the marketing mix (4Ps), which element refers to the methods and channels used to deliver the product or service to the target customer?
27. A company decides to launch a new premium version of its existing product, targeting a more affluent customer segment. This strategy is an example of:
28. Which marketing approach prioritizes understanding and satisfying customer needs above all else?
29. What is the primary goal of market segmentation?
30. What is the term for a group of customers who share common needs or characteristics that a company decides to serve?
31. What does the term ‘SWOT analysis’ stand for?
32. Which marketing metric measures the percentage of customers who stop buying a product or service from a company?
33. What does the ‘R’ in RFM analysis stand for?
34. Which promotional tool involves using intermediaries to promote a product or service?
35. Which of the following is NOT a primary component of brand equity?
36. When a company expands its product line by adding new variations or sizes of existing products, it is engaging in:
37. What is the term for marketing activities designed to create a favorable image and build good relations with various publics?
38. The perception of a brand in the minds of consumers relative to competing brands is known as:
39. Which pricing strategy involves setting a high initial price for a new product to ‘skim’ revenue layers from the market?
40. Which stage of the product life cycle is characterized by low sales, high costs, and little to no profit?
41. What is the main objective of a ‘marketing plan’?
42. A company is targeting a niche market with a highly specialized product. This approach aligns with which marketing strategy?
43. Which of the following is NOT considered one of the core elements of the Marketing Mix (the 4 Ps)?
44. What is the primary goal of a SWOT analysis in marketing?
45. What is the main purpose of ‘market research’ in marketing strategy?
46. A company uses social media platforms, email marketing, and content marketing to reach its target audience. This strategy falls under which category?
47. What is the primary purpose of ‘branding’ in marketing?
48. In the context of the marketing mix, ‘Place’ refers to:
49. Which stage of the product life cycle is characterized by rapid sales growth and increasing profits?
50. What is the term for the process of influencing consumers to buy a product or service through persuasive communication, often involving paid media?
51. Which of the following describes ‘Brand Equity’?
52. A company decides to offer a discount on its products for a limited time to encourage immediate purchases. This is an example of:
53. The process of creating, communicating, and delivering and exchanging offerings that have value for customers, clients, partners, and society at large is the definition of:
54. A company decides to launch a new product in a market where it already has a strong presence and brand recognition. This strategy is known as:
55. Which marketing concept emphasizes understanding and satisfying customer needs and wants more effectively than competitors?
56. In marketing, which of the following best describes the concept of ‘market segmentation’?
57. What is ‘customer relationship management’ (CRM) primarily focused on?
58. Which pricing strategy involves setting a high initial price for a new, innovative product to capture maximum revenue from early adopters?
59. Which promotional tool involves direct, personal communication with prospective customers to assess their needs and persuade them to purchase a product or service?
60. What does ‘positioning’ in marketing refer to?
61. What is the primary goal of market penetration as a growth strategy?
62. What is the main objective of a SWOT analysis in marketing?
63. Which marketing concept suggests that consumers will favor products that are readily available and affordable?
64. Which pricing approach involves setting a price based on the perceived value to the customer?
65. A product’s brand name, features, quality, and packaging are all elements of which ‘P’ in the marketing mix?
66. When a company introduces a new product at a very high initial price, it is likely employing which pricing strategy?
67. What is the primary function of a marketing channel?
68. A company decides to segment its market based on age, gender, and income. This is an example of using which type of segmentation?
69. Which of the following best describes the core purpose of marketing orientation?
70. Which stage of the product life cycle is characterized by high promotional costs and low sales volume, often with significant R&D expenses?
71. What is the ultimate goal of customer relationship management (CRM)?
72. What does ‘positioning’ mean in marketing strategy?
73. What is the most significant difference between B2B (Business-to-Business) and B2C (Business-to-Consumer) marketing?
74. What is a ‘marketing intermediary’?
75. What is the term for a group of customers with shared characteristics that a company decides to serve?
76. Which of the following is an example of a ‘pull’ strategy in promotion?
77. A company that focuses on building long-term relationships with its customers is practicing which type of marketing?
78. Which of the following is NOT a component of the marketing mix (4 Ps)?
79. When a company expands by offering new products to new markets, this is known as:
80. When a company uses advertising, personal selling, sales promotion, and public relations to communicate with its target audience, it is utilizing its:
81. A company decides to segment its market based on consumers’ lifestyles, attitudes, and values. This is an example of segmentation using which variable?
82. What is the term for a group of customers with shared needs or characteristics that a company decides to serve?
83. The marketing mix, often referred to as the 4 Ps, includes Product, Price, Place, and what else?
84. What is the primary role of advertising in the marketing communications mix?
85. A brand’s ability to influence consumer purchasing decisions is known as:
86. When a company tries to sell more of its current products to its current customers, this is known as:
87. A company that focuses on understanding and satisfying customer needs better than its competitors is following which marketing orientation?
88. Which concept emphasizes the importance of creating value for customers and building strong relationships to achieve organizational goals?
89. The process of creating, communicating, and delivering value to customers and managing customer relationships in ways that benefit the organization and its stakeholders is the definition of:
90. In marketing, ‘Place’ refers to:
91. What is the primary goal of a SWOT analysis in marketing strategy?
92. Which stage of the product life cycle is characterized by rapid sales growth and increasing profits, often due to wider market acceptance?
93. Which pricing strategy involves setting a high initial price for a new product to ‘skim’ maximum revenue from early adopters?
94. A company introduces a new smartphone with advanced features at a low price to gain a large market share quickly. This strategy is known as:
95. Which of the following is considered a primary objective of marketing research?
96. Which of the following is an example of a marketing channel?
97. What is the primary purpose of customer relationship management (CRM) in marketing?
98. What is the key difference between B2B (Business-to-Business) and B2C (Business-to-Consumer) marketing?
99. Which of the following is NOT a component of the marketing mix (4 Ps)?
100. What is the main benefit of a strong brand identity?