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Exam 3: The Marketing Environment

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Question 81

Multiple Choice

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Which category of income are marketers most interested in?

A) Wealth
B) Disposable income
C) Discretionary income
D) Total income
E) Extra income

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Question 82

Multiple Choice

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To monitor changes in the marketing environment effectively, marketers must engage in

A) environmental scanning and analysis.
B) economic scanning
C) self-regulatory analysis
D) marketing research analysis
E) information collecting

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Question 83

Multiple Choice

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In general, which of the following competitive structures is an organization least likely to operate?

The Decca Electric Corporation produces light bulbs that are used in refrigerator manufacturing. Currently, only three other companies produce bulbs used in the production of refrigerators, with Decca as the leader in market share. In this case, Decca Electric Corporation would be considered

The Food and Drug Administration influences marketing activities the most.

Marketers primarily focus their environmental analysis on ____ competitors.

According to the textbook, a manager's duties in an environmental analysis include

The American automobile industry was historically dominated by "The Big Three," referring to General Motors, Ford, and Chrysler. However, as many more foreign competitors began influencing this market, the American companies had to modify and differentiate their products. The automobile industry moved from a(n) ____ structure to a(n) ____ structure.

Technological developments have a direct impact on creating and maintaining a marketing mix.

In its advertisements, Regent Hair Care Products claims that its KLTR-14 gel will restore the hair of bald men. Even though Regent shows supporting evidence in its ads, members of the National Advertising Review Board (NARB) believe the claim is unsupportable. What action can the NARB take?

The major source of cultural values is the family.

What type of competitive structure exists when a firm produces a product that has no close substitutes?

Which of the following agencies regulates marketing activities the most?

If all the gas stations in a city collaborated to determine what gas prices should be charged, they would be violating the

An individual can have a high income and very little wealth.

To achieve their objectives, consumer advocates write letters to companies, lobby government agencies, broadcast public service announcements, and boycott companies whose actions they deem irresponsible.

Many laws that directly influence marketing activities were enacted either to preserve a competitive atmosphere or to protect consumers.

Technological changes do not directly affect what, how, when, and where products are marketed.

Three primary methods of collecting information for environmental scanning are

The amount of future income already committed to past credit agreements influences one's ability to use more credit.