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The single most important section of the marketing plan (usually only two pages long) that "sells" the plan to readers is called the __________.


A) executive summary
B) strategic plan
C) vision statement
D) overview of financial projections
E) synopsis

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A unique aspect of Paradise Kitchens' packaging is that


A) the information is printed in English on one side and Spanish on the other.
B) the color of the box gets redder as the spices gets hotter.
C) there is a Southwestern a motif on the box instead of pictures of the product.
D) there is a thermometer strip that indicates when the product is properly thawed.
E) there are hidden figures created by the outlines of the chili beans for people to look at while preparing the meal.

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The Target Markets section of a marketing plan identifies the specific niches or __________ toward which the company's products are directed.


A) resellers
B) competitors
C) stakeholders
D) product groupings
E) target markets

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The format for a marketing plan for an organization depends on the following: (1) __________; (2) the kind and complexity of the organization; and (3) the industry.


A) the time frame
B) the competition
C) the available resources
D) the target audience and purpose
E) the financial investment needed

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In which section of a marketing plan would you most likely expect to see a chart?


A) Strategy
B) Organization
C) Implementation
D) Evaluation
E) Appendix

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Paradise Kitchens used external secondary data to provide evidence that there is a growing trend in frozen prepared foods.According to its marketing plan,prepared frozen meals accounted for __________ of the total frozen food market.


A) 5%
B) 17%
C) 26%
D) 32%
E) 41%

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Which of the following statements regarding visuals is most accurate?


A) Visuals should not be used unless they are in black and white; color is not considered professional in a formal business plan.
B) Visuals should be used sparingly because it is assumed that if you cannot explain an idea in words,you don't have a sufficient grasp of your product.
C) Visuals such as illustrations,graphs,and charts are acceptable; photos are less professional and should be avoided.
D) Visuals such as photos,illustrations,graphs,and charts enable massive amounts of information to be presented succinctly.
E) Visuals should appear in the appendices of the plan,never in the body of the plan itself.

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When space permits,the Pricing Strategy section of a marketing plan would include a


A) SWOT analysis.
B) situational analysis.
C) marginal analysis.
D) diversification analysis.
E) break-even analysis.

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It is helpful to use A-level (the first level) and B-level (the second level) headings under the numbered section headings of marketing and business plans to help readers make easy transitions form one topic to another.These headings should


A) be used liberally,at least one every 200 to 300 words.
B) only be used in marketing plans and not in business plans.
C) only be used in business plans and not in marketing plans.
D) be used sparingly,otherwise they lose their cohesiveness and effectiveness.
E) continue in traditional outline form all the way through E-level (the fifth level) if needed,but no further.

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The three key elements of the Product Strategy section in the Paradise Kitchens marketing plan include


A) product benefits,product line,product packaging.
B) product characteristics,branding strategies,and packaging.
C) unique product quality,product line,branding strategies.
D) product line,unique product quality,and packaging.
E) product line,product brand,product packaging.

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The three key elements of the Promotion Strategy section in the Paradise Kitchens marketing plan include


A) quantity discounts,in-store demonstrations,and buy-one-get-one-free promotions.
B) bundle pricing with a chili bowl,in-store demonstrations,and cents-off coupons.
C) a chili eating contest,in-store demonstrations,and cents-off coupons.
D) a contest for the best new slogan,a chili eating contest,and free taste tests at major grocery chains.
E) in-store demonstrations,recipes,and cents-off coupons.

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The Paradise Kitchens chart for the Organization section of its marketing plan reflects the bare-bones organization structure of successful small businesses.The four key positions that report to the President & CEO include the following: __________,Vice President of Marketing,Director of Finance and Administration,and Director of Sales.


A) Director of Advertising and Promotions
B) Director of Operations
C) Director of Research and Development
D) Director of Human Resources
E) Senior Distribution Manager

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The Paradise Kitchens chart in the Organization section of its marketing plan reflects the bare-bones organization structure of successful small businesses.The four key positions that report to the President & CEO include the following: Director of Operations,Vice President of Marketing,__________,and Director of Sales.


A) Director of Advertising and Promotions
B) Director of Research and Development
C) Director of Finance and Administration
D) Director of Human Resources
E) Senior Distribution Manager

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Which of the following is one of the six questions most lenders and prospective investors expect to be answered in a marketing or business plan?


A) Does the prospective product meet all government safety standards?
B) Who is your competition and what are they doing?
C) Who will be your key suppliers?
D) Is the business or marketing idea valid?
E) What are your taxes?

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There are no magic one-size-fits-all guidelines for writing successful marketing and business plans.Which writing and style guideline below still generally applies?


A) Do not use a business plan unless you plan to borrow at least $100,000.
B) Include as attachment the résumés for all key players in your management team.
C) To save paper,send the plan in digital (Adobe Acrobat PDF) format to all potential investors.
D) Use numbers for impact.
E) Use different color fonts or paper to represent different sections of your plan.

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The Situation Analysis section of a marketing plan is a snapshot to answer the question,


A) "Where are we now?"
B) "What is the competition doing?"
C) "How will our organization change?"
D) "What is happening in the industry?"
E) "Where are we going?"

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Which of the following statements regarding marketing and business plans is most accurate?


A) In contrast to a marketing plan,a business plan is a road map for the entire organization for a specified future period of time,such as one year or five years.
B) In contrast to a business plan,a marketing plan is a road map for the entire organization for a specified future period of time,such as one year or five years.
C) A marketing plan contains a greater degree of detail regarding research and development,operations,and manufacturing activities of the organization.
D) A business plan is used for industrial products and a marketing plan is used for consumer products.
E) A business plan is used for manufactured products and a marketing plan is used for services.

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Which of the following did Paradise Kitchens considered a Threat?


A) unique,high-quality,high-price products
B) many lower-quality,lower-price competitors
C) technical breakthroughs enable smaller food producers to achieve many economies available to large competitors
D) consumer income is high and convenience is important to U.S.households
E) more households "eating out" and bringing prepared take-out into the home

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Paradise Kitchens uses external secondary data to reinforce its position that there is a growing trend in the consumption of Mexican foods among U.S.households.According to its marketing plan,Mexican foods,such as burritos,enchiladas,and tacos,are consumed in approximately __________ of American households.


A) 35%
B) 47%
C) 66%
D) 79%
E) 86%

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The target audience and purpose affect the format of a business or marketing plan.For example,an element such as the level of detail should reflect __________.


A) the kind and complexity of the organization
B) the educational background of the key personnel
C) the investment potential of the investors
D) how well you know your audience
E) whether the plan is for a product or service

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