MikesBikes Quiz 1

Welcome to the MikesBikes Intro SuperFan Quiz!

Take the MikesBikes Intro Quiz below to go into the draw to win a US$50 Cash Prize and the title of MikesBikes SuperFan! Participants have up to five attempts to answer the most correct questions in the fastest time.

Like the Smartsims Facebook Page to receive updates and winner announcements.

Competition closes 31 May 2017 (USA EST). Full terms and conditions here.

If you have any questions then please contact us.

Name
Email Address
1) Which is the best media channel to promote your bikes through?
2) Before heavily investing in quality, what do you need to consider?
3) What factors contribute to your distribution rating?
4) An important task in marketing your product is to identify what your customers want. This will increase demand for your products, and therefore, Sales. Market Research on the bicycle industry has been provided for you on the Market Information report. An excerpt of this report is below.

Market Information Report for MikesBikes Introduction Quiz

On the example Market Summary report below, which company has the most effective Advertising and PR strategy?

Example Market Summary Report for Quiz
5) An important task in marketing your product is to identify what your customers want. This will increase demand for your products, and therefore, Sales. Market Research on the bicycle industry has been provided for you on the Market Information report. An excerpt of this report is below.

Market Information Report for MikesBikes Introduction Quiz

Based off the information above, which product listed in the image below is appealing best to consumer preferences?

Market Summary Report for MBI Quiz
6) Using the Advertising and PR Media Reach Graph below, taken from the Market Information report, which is the most expensive Media Channel to reach 20% of the total bicycle industry?

Advertising and PR Reach by Media Curve
7) On the example Market Summary report below, which company has the most effective Advertising and PR strategy?

Market Summary Report for MBI Quiz
8) Your company's Wastage is currently very high at 50%. What can you do to decrease this?
9) An important task in marketing your product is to identify what your customers want. This will increase demand for your products, and therefore, Sales. Market Research on the bicycle industry has been provided for you on the Market Information report. An excerpt of this report is below.

Market Information Report for MikesBikes Introduction Quiz

On the example Market Summary report below, which company has the least effective Advertising and PR strategy?

Example Market Summary Report for Quiz
10) Why is it important to consider both retail price and retail margin when making marketing decisions?

Click submit button when you are ready.