Lesson 7.12.1
7.12.1 The marketing strategy Quiz: OCR Business, Unit 7
20 questions
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Lesson 7.12.1, The marketing strategy: 20 multiple choice questions for the OCR Business (H431), Unit 7: Marketing, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
What is a marketing strategy designed to achieve for a business?
- Immediate tax reductions
- Short-term cash flow
- Long-term corporate objectives
- Daily production targets
-
Which Ansoff Matrix strategy involves selling existing products into brand new markets?
- Product development
- Market penetration
- Diversification
- Market development
-
Which strategy on Ansoff's Matrix carries the highest level of risk for a firm?
- Market penetration
- Diversification
- Product development
- Market development
-
A UK bakery starts exporting its existing shortbread biscuits to North America. Which strategy is this?
- Market development
- Market penetration
- Product development
- Diversification
-
According to Porter, which generic strategy targets a broad market using low operating costs?
- Differentiation
- Cost focus
- Differentiation focus
- Cost leadership
-
A luxury watchmaker targets a small, wealthy niche with bespoke handcrafted designs. Which strategy is used?
- Cost leadership
- Differentiation focus
- Cost focus
- Market penetration
-
In the Boston Matrix, which product category has low market share in a fast-growing market?
- Cash cow
- Star
- Question mark
- Dog
-
A firm uses cash flows from its Cash Cows to fund which Boston Matrix category?
- Declining products
- Dogs
- Stable commodities
- Question marks
-
At which stage of the Product Life Cycle do sales peak while profit margins start falling?
- Maturity
- Decline
- Introduction
- Growth
-
A smartphone brand updates software features to extend a product's life cycle. What is this called?
- Boston repositioning
- Market development
- Extension strategy
- Cost leadership
-
Which element of the extended 7Ps marketing mix focuses on customer service touchpoints and staff?
- Physical evidence
- People
- Process
- Place
-
Dividing a market based on consumer lifestyle, values, and personality traits is known as what?
- Geographic segmentation
- Demographic segmentation
- Psychographic segmentation
- Behavioural segmentation
-
What is a key disadvantage of operating predominantly in a niche market?
- High rivalry
- Low profit margins
- Standardised production
- Limited market scale
-
A company launches a unique high-tech gadget at a high initial price. Which strategy is this?
- Predatory pricing
- Cost-plus pricing
- Price skimming
- Penetration pricing
-
If a firm faces intense competition and low growth, which Boston Matrix action is most appropriate?
- Product launch
- Market expansion
- Divestment
- Heavy investment
-
Why might a business choose market penetration over product development?
- New market access
- Lower R&D costs
- Higher profit margins
- Uncontested market
-
How should a marketing strategy adapt when consumer trends shift rapidly towards online shopping?
- Shift to e-commerce
- Reduce product range
- Increase print advertising
- Raise retail prices
-
What term describes a business focusing on product features rather than underlying customer needs?
- Asset-led marketing
- Product positioning
- Marketing myopia
- Market orientation
-
A business targeting low-income consumers should align its marketing mix with which pricing tactic?
- Dynamic pricing
- Penetration pricing
- Premium pricing
- Price skimming
-
What does a market positioning map directly help a business identify in a market?
- Profit margins
- Total market size
- Break-even output
- Market gaps
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