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Question

Which one of the following involves selling at a loss to gain access to a market and perhaps to drive competition?

The correct answer is

Predatory dumping

Predatory dumping involves temporarily selling at very low prices or at a loss in a foreign market to weaken or eliminate competitors. The intended later gain is greater market power and the ability to raise prices, which distinguishes it from dumping merely to clear surplus stock.

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Important Questions from Marketing Research

  1. Match List–I with List–II :

    List I

    List II

    (a)

    Executive Support Systems (ESS)

    (i)

    are the information systems at management level of an organization that serve the functions of planning, controlling and decision-making by providing routine summary and exception reports.

    (b)

    Management Information Systems (MIS)

    (ii)

    helps in making decisions at the strategic level through advanced graphics and communications.

    (c)

    Decision Support Systems (DSS)

    (iii)

    are the computerized systems that perform and record the daily routine transactions which are necessary to conduct the business.

    (d)

    Transaction Processing Systems (TPS)

    (iv)

    are the information systems at the organizations management level that combine data and analytical reports to support the decisions. 

    Select the correct answer using the codes given below. 
  2. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.

    Assertion (A): Luxury brands command price premiums and do not have a strong lifestyle component.

    Reason (R) : Luxury brands do not require any special considerations in how they are
    sold.

  3. In the context of economic groupings, which among the following, is not applicable to common market?

  4. Arrange the following steps in a proper sequence to develop successful market offering-

    (A) The specifics of the market offering

    (B) Monitoring goal progress 

    (C) The ultimate criterion for success 

    (D) The logistics of creating the offering 

    (E) The value created in the target market 

    Choose the correct answer from the options given below: 

  5. Match the items of List - II with the items of List - I and suggest the correct code:

    List-I

    (Components of holistic marketing)

    List-II

    (Key constituent / Dimension)

    (a)  Internal marketing (i)  Brand and customer equity
     (b)  Performance marketing (ii)  Stakeholder
     (c)  Integrated marketing  (iii)  Marketing department
     (d) Relationship marketing (iv) Communications

    Codes:
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