Professional Documents
Culture Documents
Market Survey Paper 2
Market Survey Paper 2
WRITTEN ASSESSMENT
Time: 3 Hours
INSTRUCTIONS TO CANDIDATES
1. Which one among the following is part of the 4ps considered when creating effective
procedures? (1 Mark)
A. Product
B. Policy
C. Price
D. Place
2. What is the definition of Market Research? (1 Mark)
5. How can a manager use market research to analyze and select target markets? (1 Mark)
D. Design of logo
6. How can managers use market research to identify and evaluate opportunities? (1 Mark)
C. Develop new products, develop new price structure evaluate how your product can
perform better against competitors
8. Companies sell a package or set of goods or services for a lower price than they would charge
if the customer bought all of them separately. This pricing is known as; (1 Mark)
A. Competitive pricing
B. Psychological Pricing
C. Bundle pricing
D. Optional pricing
9. Marketers have traditionally classified products on the basis of three characteristics, namely
………………………, tangibility, and use (1 Mark)
A. Availability
B. Affordability
C. Aesthetics
D. Durability
10. What is the first step to getting started on a search for secondary data on a topic? (1 Mark)
A. Identify what you want to know and what you already know
i) Promotion research
12. a) State and explain SIX advantages of market surveys (10 marks)
b). Based on how consumers use certain goods, discuss how can you classify goods during
market survey (8 marks)
13. a) State and explain FIVE roles of research in management (10 marks)
b) Explain FIVE challenges that a researcher is likely to encounter when conducting a market
survey (10 marks)