Lesson 2.2.5b
2.2.5b Integrated marketing mix and competitive advantage Quiz: Pearson Edexcel Business, Unit 7
20 questions
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Lesson 2.2.5b, Integrated marketing mix and competitive advantage: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 7: Making marketing decisions, 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
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Competitive advantage means:
- a feature that allows a business to outperform its rivals
- a legal right to avoid competition in its market entirely
- a tariff that protects domestic firms from foreign rivals
- a guarantee of market leadership that never fades over time
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An integrated marketing mix is one where:
- only the price element is considered
- the mix changes every day at random
- each element is planned in isolation from the others
- all four elements work together towards the same aim
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Which is a source of competitive advantage for a business?
- Offering the same product as everyone else
- Copying the market leader's price exactly
- Relying on a tariff to keep rivals out
- A unique product that rivals cannot easily copy
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How can an integrated mix create competitive advantage?
- By ignoring what customers want and planning around the firm
- By avoiding all differentiation so the product stays generic
- By making customers see one consistent, attractive offer
- By giving different messages through each of the four elements
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A business gains competitive advantage through place decisions when:
- its products are easier for customers to get than rivals'
- it closes all of its shops and sells only through the post
- it offers the fewest delivery options of any firm in the market
- it sells only to one customer, which keeps its costs very low
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Which is most likely to build a lasting competitive advantage?
- A copied product design taken from the market leader
- A temporary tariff placed on imports for a few months
- A single one-off discount offered to customers once only
- Brand loyalty built by consistent quality and promotion
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Which is a risk of relying only on price for competitive advantage?
- Rivals can cut prices too, leading to a price war
- It always increases profit whatever happens in the market
- Prices cannot be changed once they have been set by the firm
- Customers never compare prices of goods before they buy
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A product's price is 10% lower than rivals and its promotion stresses quality. What is the most likely result?
- No effect on sales in any case
- Loss of all customers at once
- A value message that may suit budget buyers
- A higher perceived price for the product
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A coffee shop has a strong brand, a convenient location and a loyalty scheme. What is its advantage?
- An import ban on rival coffee brands entering the area
- A monopoly granted to it by law in its local area
- An integrated mix that creates customer loyalty
- A merger with a rival coffee shop in the same town
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A firm earns a 20% profit margin on a £150 product. What is the profit per unit?
- £130
- £15
- £30
- £170
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Which mix combination best supports a competitive advantage based on convenience?
- A remote site with no delivery and no adverts
- A single shop open one day a week
- Online ordering with fast delivery and reminders
- High prices with no delivery option
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A business launches a new product across all four elements. What is the most likely benefit?
- The removal of all competition from the market at launch
- A guaranteed profit regardless of how sales perform later on
- A consistent message that makes the launch stronger
- No need for any launch budget because it is fully integrated
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A rival copies a product design but not the brand's customer service. Which advantage remains with the first firm?
- The tariff paid on imports that the firm brings in
- Customer service and brand loyalty
- The trade bloc membership that the firm enjoys each year
- The copied design that the rival has taken from the firm
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Which measure would best show that an integrated mix is building repeat customers?
- Tariff rate
- Repeat purchase rate
- Number of trade bloc members
- Share of the stock market
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Which example shows the mix elements conflicting rather than integrated?
- A luxury product sold in discount stores with a 'cheap' advert
- A premium product sold in exclusive stores with luxury adverts
- A budget product sold in discount stores with a value advert
- A budget product sold online with a discount code
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A business builds advantage through a unique distribution channel. What must it do to keep this advantage?
- Raise prices indefinitely whatever customers think of them
- Stop communicating with customers through the channel entirely
- Keep the channel reliable and match the product promise
- Remove all customer service from the channel to cut costs
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Is competitive advantage through an integrated mix permanent?
- No, rivals can copy parts, so it must keep improving
- Yes, once it is set the advantage can never be lost at all
- Yes, because tariffs protect every brand in the market
- Yes, because customers never change their habits or brands
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A firm raises its price by 10% from £20 and volume falls by 5% from 1,000 units. What is the effect on revenue?
- Revenue is unchanged
- Revenue falls by £900
- Revenue rises by £2,000
- Revenue rises by £900
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Which combination best describes an integrated mix that builds advantage in a crowded market?
- A differentiated product, consistent pricing and targeted promotion
- A copied product with random pricing and no promotion at all
- A product sold everywhere with no message at all to buyers
- Any price with no product plan behind it for the customers
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Why might an integrated mix be hard for rivals to copy?
- It uses no brand name at all, so it cannot be recognised
- It relies on one element that is easy for rivals to copy
- It combines several linked decisions rivals must match
- It uses a product that rivals can simply buy off the shelf
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