Multiple Choice Questions on Marketing Environment

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Chapter 4

The Marketing Environment

Multiple Choice

1. The most commercially influential demographic group in history is _____. a. generation X
b. baby boomers
c. generation Y
d. seniors
(b; Easy; p. 105)

2. The current marketing environment has a tendency to turn back the clock to simpler times. What has this yearning produced? a. massive nostalgia wave
b. massive nutrition wave
c. massive exercise wave
d. massive music wave
(a; Easy; p. 105)

3. _____ is perhaps the company that has been most successful in riding the nostalgia wave. a. Capital Records
b. Ovaltine
c. Volkswagen
d. Levi Strauss
(c; Moderate; p. 105)

4. Most trend analysts believe that the nostalgia craze/wave will _____ as the baby boomers continue to mature. a. decline
b. slow
c. disappear
d. grow
(d; Easy; p. 106)

5. Jamie Bestowitcz is researching the factors and forces outside marketing that affect marketing management’s ability to build and maintain successful relationships with target customers. What is Jamie researching? a. the marketing environment

b. strategic planning
c. target markets
d. none of the above
(a; Moderate; p. 106)
6. More than any other group in the company, marketers must be the _____ and _____. a. mass merchandisers; opportunity seekers
b. trend trackers; mass merchandisers
c. most skilled; trend trackers
d. trend trackers; opportunity seekers
(d; Challenging; p. 106)

7. You are directed to study the factors that are close to the company that affect its ability to serve its customers – the company, suppliers, marketing intermediaries, customer markets, competitors, and publics. What are you studying? a. the macroenvironment

b. the microenvironment
c. the marketing environment
d. the global environment
(b; Moderate; p. 107)

8. You are directed to study the factors that are larger societal forces that affect your company – demographic, economic, natural, technological, political, and cultural. What are you studying?

a. the macroenvironment
b. the microenvironment
c. the marketing environment
d. the global environment
(a; Easy; p. 107)

9. All of the groups within a company are called the _____. a. culture
b. diversity
c. internal environment
d. climate
(c; Easy; p. 108)

10. Which of the following do suppliers not provide marketers within your firm? a. resources to produce products and services
b. insight into trends and competitors
c. partners in creating and delivering customer value
d. the funding for your paychecks
(d; Moderate; p. 108)

11. LandPort Transportation and Omega Warehousing help distribute the goods your company sells. The two businesses are examples of _____. a. resellers
b. marketing services agencies
c. marketing intermediaries
d. physical distribution firms
(c; Challenging; p. 108)
12. These firms help companies to stock and move goods from their points of origin to their destinations. a. financial intermediaries
b. physical distribution firms
c. marketing service firms
d. resellers
(b; Easy; p. 108)

13. Banks, credit companies, insurance companies, and other businesses that help finance transactions or insure against the risks associated with the buying and selling of goods and services are referred to as _____. a. financial intermediaries

b. physical distribution firms
c. marketing service firms
d. resellers
(a; Moderate; p. 108)

14. Currently, you are employed by a firm that conducts marketing research and creates ads for other companies that help them target and promote their products to the right markets. For whom are you employed? a. financial intermediary

b. physical distribution firm
c. marketing service firm
d. reseller
(c; Moderate; p. 108)

15. Percy Originals...
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