Professional Documents
Culture Documents
Final Exam
Final Exam
General Instructions:
Please read each question carefully and write your answers in the space provided or on the
attached paper (Answer sheet)
The use of electronic devices such as iPod, cell phones, etc. is prohibited during the exam
Please, make sure that you have received 7 pages and don’t detach any of the exam pages
1. Possession utility means obtaining a good or service and having the right to use or
consume it
2. In a market economic system, government planners decide what and how much is to be
3. Wholesalers are those merchant middlemen that buy products for resale directly to the
4. The functional approach describing the marketing of a specific commodity from farm to
consumers.
A. Supply’s C. Wants
B. Needs D. Demands
2. --------- Utility means having the product available when the customer wants It.?
A. Possession C. Place
B. Time D. Form
3. Which one of the following is not under the physical handling of the product?
A. Storage D. Transportation
B. Grading E. None
C. Packaging
4. ---------Middlemen’s are those who take title to products with the major purpose of
profiting from price movements?
A. Broker C. Speculative
B. Retailer D. Commission men
5. If the manger of a business owner perceived that consumers will prefer products that are
widely available and inexpensive, then which marketing management strategy concept is
applied for?
A. Product D. Consumer
B. Production E. None
C. Marketing
A. Reducing bulk
B. Facilitating handling
C. Increasing cost of marketing
D. Reducing shrinkage and spoilage
E. Facilitating quality identification and product selection by consumers
A. Record-keeping C. Selling
B. Buying D. Market intelligence
Answer sheet
I. True/false
8. --------
9. --------
II. Choice
10. --------
1. --------
11. --------
2. --------
12. --------
3. --------
13. --------
4. --------
14. --------
5. --------
15. --------
6. --------
7. --------