49+ Marketing and Sales Interview Questions and Answers

Q:

A supply curve slopes upward because

A) an increase in price gives producers an incentive to supply a larger quantity.	B) the quantity supplied of most goods and services increases over time.
C) an increase in input prices increases supply.	D) as more is produced, total cost of production falls.

Answer & Explanation Answer: A) an increase in price gives producers an incentive to supply a larger quantity.

Explanation:

The supply curve slopes upward because for reflecting the higher price needed to cover the higher marginal cost of production.

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Q:

What does in transit to destination mean?

A) on the way for delivery	B) delay in delivery
C) booking processed but not shipped	D) None of the above

Answer & Explanation Answer: A) on the way for delivery

Explanation:

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Q:

The relationship between quantity supplied and price is

A) Directly proportional	B) Inverselyproportional
C) Can't be determined	D) None of the above

Answer & Explanation Answer: A) Directly proportional

Explanation:

Price and quantity supplied move in the same direction. As the price decreases, quantity supplied also decreases and viceversa.

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Q:

The first step in the marketing research process is to

A) Decide Research Approach	B) Develop Research Plan
C) Define the Problem	D) Collect Relevant Data and Information

Answer & Explanation Answer: C) Define the Problem

Explanation:

Marketing Research Process is a systematic method for planning and executing market research projects to inform business decisions.

The 5 Step Marketing Research Process :

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Marketing and Sales Questions