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9
III. Think of the other problems. Then discuss whether they are
related to product, price, placement, or promotion.
QUIZ I
I. Circle the letter of the answer that best completes each of the
sentences below.
1. The four elements of marketing are popularly known as:
a. the movement of goods and services
b. the four P's
c. buying, selling, market research, and storage
d. the four M's
2. The product element refers to:
a. the four P's
b. testing of a product to ensure quality
c. the good or service that a company wants to sell
d. getting the product to the customer
3. Most companies price:
a. with the market b. below the market
c. beyond the market d. above the market
4. A common channel of distribution is:
a. wholesaler ----> retailer ----> manufacturer ----> customer
b. manufacturer ----> retailer ----> wholesaler ----> customer
c. retailer ----> manufacturer ----> wholesaler ----> customer
d. manufacturer ----> wholesaler ----> retailer ----> customer
5. The two major forms of promotion are:
a. radio and television
b. personal selling and advertising
c. personal selling and newspapers
d. selling advertisements
II. Look at the terms in the left-hand column and find the cor-
rect synonyms or definitions in the right-hand column. Copy
the corresponding letters in the blanks.
10
1. ___ ensure a. choice
2. ___ retailer b. set as a price
3. ___ price with the market c. one who sells in small amounts
to customers
4. ___ option d. please
5. ___ competitor e. guarantee
6. ___ personal f. the path goods take when moving
from manufacturer to customer
7. ___ objective g. private; relating to an individual
8. ___ satisfy h. accomplish
9. ___take place i. charge an average price
10. ___channel of distribution j. occur; happen
11. ___charge k. rival; opponent
12. ___achieve l. goal
III. Fill in the blanks with the most appropriate terms from the
list:
vital, wholesaler, price, leader, retailer, charge, ensure, place-
ment, take place, prices, channel of distribution.
The most common 1 is manufacturer ---> wholesaler ---> 2
---> consumer. Distribution can, however, 3
through slightly modi-
fied channels. For example, products are sometimes sold directly by the
4
or the manufacturer, rather than by the retailer. Generally, whole-
salers 5
lower 6 than retailers and sell in larger quantities. To-
gether, these channels of distribution play a 7
role in the 8 element
of marketing.
III. Think of the other problems. Then discuss whether they are 1. ___ ensure a. choice related to product, price, placement, or promotion. 2. ___ retailer b. set as a price 3. ___ price with the market c. one who sells in small amounts QUIZ I to customers 4. ___ option d. please I. Circle the letter of the answer that best completes each of the 5. ___ competitor e. guarantee sentences below. 6. ___ personal f. the path goods take when moving from manufacturer to customer 1. The four elements of marketing are popularly known as: 7. ___ objective g. private; relating to an individual a. the movement of goods and services 8. ___ satisfy h. accomplish b. the four P's 9. ___take place i. charge an average price c. buying, selling, market research, and storage 10. ___channel of distribution j. occur; happen d. the four M's 11. ___charge k. rival; opponent 2. The product element refers to: 12. ___achieve l. goal a. the four P's b. testing of a product to ensure quality III. Fill in the blanks with the most appropriate terms from the c. the good or service that a company wants to sell list: d. getting the product to the customer vital, wholesaler, price, leader, retailer, charge, ensure, place- 3. Most companies price: ment, take place, prices, channel of distribution. a. with the market b. below the market The most common 1 is manufacturer ---> wholesaler ---> 2 c. beyond the market d. above the market ---> consumer. Distribution can, however, 3 through slightly modi- 4. A common channel of distribution is: fied channels. For example, products are sometimes sold directly by the a. wholesaler ----> retailer ----> manufacturer ----> customer 4 or the manufacturer, rather than by the retailer. Generally, whole- b. manufacturer ----> retailer ----> wholesaler ----> customer salers 5 lower 6 than retailers and sell in larger quantities. To- c. retailer ----> manufacturer ----> wholesaler ----> customer gether, these channels of distribution play a 7 role in the 8 element d. manufacturer ----> wholesaler ----> retailer ----> customer of marketing. 5. The two major forms of promotion are: a. radio and television b. personal selling and advertising c. personal selling and newspapers d. selling advertisements II. Look at the terms in the left-hand column and find the cor- rect synonyms or definitions in the right-hand column. Copy the corresponding letters in the blanks. 9 10
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