bankruptcy
frustration
breach
lapse of time
Correct answer is B
Frustration of contract is the legal termination of a contract because of unforeseen circumstances that: make the contract and its objectives virtually impossible to execute; make the performance of the contractual obligations illegal; or. render the contract fundamentally different from its original intended character
Which of the following is used as pricing policy?
labelling
packaging
market selection
market skimming
Correct answer is D
Market Skimming Pricing. a pricing approach in which the producer sets a high introductory price to attract buyers with a strong desire for the product and the resources to buy it, and then gradually reduces the price to attract the next and subsequent layers of the market.
Which of the following aspects of marketing stimulates buying by providing free gifts
a personal selling
sales promotion
advertising
publicity
Correct answer is B
Sales promotion is the process of persuading a potential customer to buy the product. Examples include contests, coupons, freebies, gifts, loss leaders, point of purchase displays, premiums, prizes, product samples, and rebates. Sales promotions can be directed at either the customer, sales staff, or distribution channel members (such as retailers).
production
product mix
utility
trade
Correct answer is C
Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. This include both psychological and physical satisfaction
product mix
promotion mix
marketing concept
product orientation.
Correct answer is C
The marketing concept is the belief that companies must assess the needs of their consumers first and foremost. Based on those needs, companies can make decisions in order to satisfy their consumers' needs, better than their competition.