Lesson 7.1.1
7.1.1 Marketing objectives Quiz: OCR Business, Unit 7
20 questions
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Lesson 7.1.1, Marketing objectives: 20 multiple choice questions for the OCR Business (H431), Unit 7: Marketing, written with Revision Ninja.
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The 20 questions
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What is a primary purpose of setting clear marketing objectives for a business?
- Replacing financial audits
- Increasing raw costs
- Directing marketing strategy
- Determining tax rates
-
Which marketing objective focuses on increasing the proportion of total industry sales held by a firm?
- Staff retention
- Liquidity improvement
- Cost reduction
- Market share growth
-
A launch brand aims for 80% customer recognition within six months. What type of objective is this?
- Liquidity objective
- Cost-cutting objective
- Ethical sourcing objective
- Brand awareness objective
-
Corporate objectives directly influence and shape which lower-level targets?
- Functional objectives
- Competitor targets
- Macroeconomic factors
- External regulations
-
Why might ambitious marketing objectives fail if set without consulting the finance department?
- Higher tax liabilities
- Insufficient budget allocated
- Lower staff turnover
- Decreased consumer demand
-
A business sets a target to enter three new geographical markets this year. This is an example of:
- Market development
- Market penetration
- Product diversification
- Retrenchment strategy
-
In a SWOT analysis, which two elements examine the external business environment?
- Strengths and weaknesses
- Weaknesses and threats
- Strengths and opportunities
- Opportunities and threats
-
What type of factor in a SWOT analysis is a firm's highly skilled marketing workforce?
- External threat
- Internal strength
- Internal weakness
- External opportunity
-
A business faces a new rival offering cheaper substitutes. Where does this belong in a SWOT matrix?
- Internal weakness
- External opportunity
- External threat
- Internal strength
-
Which non-financial resource is essential for executing a digital marketing campaign effectively?
- Bank overdraft
- Human expertise
- Trade credit
- Corporation tax
-
What is a major limitation of relying solely on SWOT analysis for strategic decisions?
- Requires primary research
- Subjective interpretation
- High financial cost
- Quantitative focus
-
A startup lacks capital for TV adverts and uses social media instead. Which constraint influenced this choice?
- Financial resources
- Supplier capacity
- Legal regulations
- Production speed
-
What type of market research involves collecting first-hand, original data for a specific purpose?
- Primary research
- Macro research
- Secondary research
- Desk research
-
Which of the following is an example of secondary market research data?
- Focus group transcripts
- Government census reports
- In-store observation notes
- Customer survey responses
-
A supermarket uses loyalty card purchase histories to analyse shopping habits. What data source is this?
- Internal secondary data
- Primary qualitative data
- External secondary data
- External primary data
-
A firm conducts a focus group to explore consumer feelings about a new packaging design. This yields:
- Quantitative data
- Numerical data
- Qualitative data
- Secondary data
-
What is a major disadvantage of using primary market research compared to secondary research?
- Lack of relevance
- Competitor access
- Outdated information
- Time and expense
-
What term describes gathering numerical data that can be easily analysed statistically?
- Qualitative research
- Ethnographic research
- Quantitative research
- Unstructured research
-
Why is secondary market research typically unavailable for a totally breakthrough product?
- No existing data
- Poor quantitative depth
- Biased samples
- Too expensive
-
A bakery surveys 50 passers-by outside its store on a Tuesday morning. What sampling risk exists?
- High collection cost
- Excessive sample size
- Outdated data source
- Unrepresentative sample
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