The Principles of Marketing exam covers material that is usually taught in a one-semester introductory course in marketing. These classes are usually known as Basic Marketing, Introduction to Marketing, Fundamentals of Marketing, Marketing, or Marketing Principles. The exam concerns itself with how marketing works in society and within a firm, understanding consumer and organizational markets, planning marketing strategies, the marketing mix, marketing institutions. Other selected topics, such as international marketing, ethics, marketing research, services and not-for-profit marketing are also covered.
The exam contains approximately 100 questions to be answered in 90 minutes. Some of these are pretest questions that will not be scored. The College Board provides the parameters for the exam which are listed below.
The student is expected to have a basic knowledge of the economic/demographic, social/cultural, political/legal, and technological trends that are important to marketing. The subject matter of the Principles of Marketing exam is drawn from the following topics.
A well-defined target market is the first element of a marketing strategy.
The Marketing Mix is the set of marketing tools that a company uses to accomplish its marketing objectives.
Each college sets their own credit-granting policies for the exam, so check with your college admission office, test center, or academic adviser before taking the test.