Question 1
What is the correct order of the first three steps in the sales process?
Correct Answer:
Prospecting, Preparation, Approach
Explanation:
Identifying who you’ll target is the first step, because you need potential customers to work with. After you’ve found and qualified these prospects, you gather information about them, plan your approach, and craft a tailored message—this is preparation. Finally, you make contact with the prospect using a chosen method (phone, email, in person), starting the actual sales conversation—this is the approach. This order makes sense because you can’t approach someone effectively without knowing who they are and what they might need, and you can’t tailor a connection without researching those prospects first. Jumping straight to the approach or presentation would be unfocused, and skipping prospecting means there’s no one to engage.
Question 2
Which of the following is an example of a physical sales channel?
Correct Answer:
Retail stores
Explanation:
Physical sales channels involve in-person, tangible locations where customers can browse and buy products. A retail store is a classic example because shoppers visit the storefront, see products up close, and complete the purchase on site with staff help if needed. The other options describe digital environments where transactions happen online—general marketplaces, online platforms, and auction marketplaces are typically internet-based. While some auctions can be physical, the common interpretation here points to online or web-based channels. So, retail stores best illustrate a physical sales channel.
Question 3
Elizabeth sells makeup and has a team of distributors that she has recruited to sell makeup with her. She earns a percentage from all of the sales that the distributors make. What type of business opportunity is Elizabeth a part of?
Correct Answer:
Network marketing
Explanation:
Network marketing is a sales model where individuals build a team of distributors and earn commissions on the sales of their entire group, not just their own. Elizabeth’s setup—recruiting distributors and earning a percentage from their sales—fits this pattern, since income comes from the performance of the people she brought in, often across multiple levels. This differs from a dealership (selling products yourself without a built-downline commission on others’ sales), a franchise (operating under a brand with fixed systems and fees), or licensing (using someone’s IP or product line without building a commission-based distribution network).
Question 4
Which form of compensation is based on hours worked and paid at a fixed rate?
Correct Answer:
Hourly
Explanation:
Time-based pay at a fixed per-hour rate is the hourly wage. It means you earn a set amount for every hour you work, regardless of how many hours you put in beyond that time frame. This differs from a salary, which is a steady, fixed pay amount regardless of hours worked; equity involves ownership in the company rather than regular wages; and piece work pays by the number of units produced rather than by hours. For example, working 8 hours at $15 per hour would yield $120. Overtime rules may apply for extra hours in many jobs, but the core idea remains a consistent rate applied to time worked.
Question 5
A barber charges $20 per haircut. With total monthly expenses totaling $5,000 and 200 haircuts, what price per haircut is required to break even after increasing the salary to $4,000 per month?
Correct Answer:
$25
Explanation:
Break-even pricing means your total revenue must cover all monthly costs. With 200 haircuts in a month, you need 5,000 in revenue to break even. The salary rise to 4,000 is included in those costs, with 1,000 remaining for other expenses, totaling 5,000. So the price per haircut should be 5,000 divided by 200, which is 25 dollars. Charging 25 per haircut yields exactly the 5,000 needed to break even. If you charged 20, you’d bring in 4,000 and would be short of costs; charging 30 would bring in 6,000, exceeding costs and producing a profit.
Question 1
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Prepare with the GMetrix Marketing Practice Exam practice quiz. This question bank includes 10 questions covering sales, order, elizabeth, makeup, and distributors. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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GMetrix Marketing Practice Exam

This practice set contains 10 questions from the matching question bank and focuses on sales, order, elizabeth, makeup, and distributors. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

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