Lesson 7.6.1
7.6.1 The marketing mix: product Quiz: OCR Business, Unit 7
20 questions
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Lesson 7.6.1, The marketing mix: product: 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 stage of the product life cycle typically experiences the highest level of cash inflow?
- Decline
- Maturity
- Growth
- Introduction
-
What term describes a feature that distinguishes a firm's product from its direct competitors?
- Product portfolio
- Cost leadership
- Brand extension
- Unique selling proposition
-
In the Boston Matrix, which category represents low market growth and high market share?
- Star
- Question mark
- Cash cow
- Dog
-
Which strategy aims to prolong the maturity stage of a product life cycle?
- Penetration pricing
- Extension strategy
- Product launch
- Test marketing
-
In the Boston Matrix, what name is given to products with low market share in low-growth markets?
- Dogs
- Problem children
- Cash cows
- Stars
-
What process involves gathering consumer feedback on a product before its full market release?
- Mass marketing
- Market segmentation
- Trade credit
- Test marketing
-
What is the first stage in the typical product life cycle model?
- Growth
- Introduction
- Maturity
- Development
-
Which Boston Matrix category describes products with high market growth but low market share?
- Dogs
- Stars
- Question marks
- Cash cows
-
A business redesigns its packaging to attract new customers. What type of strategy is this?
- Extension strategy
- Diversification
- Skimming strategy
- Cost leadership
-
A product experiences rising sales revenue but high marketing expenditure. Which life cycle stage is this?
- Growth
- Maturity
- Development
- Decline
-
A firm uses profits from a cash cow to fund research for a problem child. What is this called?
- Portfolio balancing
- Market penetration
- Skimming
- Product differentiation
-
A bakery launches a gluten-free bread to stand out from local rivals. What is this bakery creating?
- Market saturation
- Product differentiation
- Economies of scale
- Price skimming
-
A tech company updates software to add new features to a declining app. What is the main objective?
- Reduce market share
- Lower production costs
- Increase skimming
- Extend product life
-
A firm has high market share in a rapidly growing smartphone sector. How is this product classified?
- Cash cow
- Dog
- Question mark
- Star
-
An entrepreneur creates a prototype of a new electric bike. Which stage of product development is this?
- Commercialisation
- Test marketing
- Product design
- Market launch
-
A soft drinks brand updates its logo and targets a younger demographic. What strategy is being used?
- Penetration pricing
- Rebranding
- Retrenchment
- Price discrimination
-
Why might a firm decide to keep a dog product in its portfolio?
- Boost market growth
- Generate high profit
- Fund research projects
- Complete product range
-
During which life cycle stage is net cash flow negative due to high costs and zero sales revenue?
- Growth
- Development
- Introduction
- Maturity
-
What is a key risk of over-relying on a portfolio consisting mostly of cash cows?
- High investment costs
- No future growth
- Immediate brand failure
- Negative cash flow
-
What primary benefit does effective packaging provide for a premium luxury goods brand?
- Brand image enhancement
- Mass market appeal
- Increased shelf life
- Lower delivery costs
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