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Changing Marketing Environment
Changing Marketing Environment MCQs
?
Which of the following is NOT a factor affecting environmental trends?
Competitive
Economic
Cultural
Social
?
The _______________ is receiving more marketing attention because it is the fastest growing segment of the population.
Net generation
Mature household
Urban population
Teen generation
?
The ______________ gathers detailed demographic information on Canadians nationwide.
Metropolitan Statistical Centre
Federal government
National Association of Population Statistics
Census Bureau
?
A new trend in marketing that is based on product preferences by where consumers live is called ____________ ?
Regional marketing
Geographic targeting
Relationship marketing
Geo-consumerism
?
Value consciousness is the concern of obtaining the best _____________ for the best price.
Color
Brand name
Quality
Sale
?
The total amount of money a person makes in a year is defined as _____________ .
Household income
Net income
Disposable income
Gross income
?
_____________ income is money left after taxes that is used to pay for food, shelter, and clothing.
Net
Disposable
Gross
Discretionary
?
The most important developments for marketers may be those related to _____________.
Social factors
Economic growth
Deregulation
Information technology
?
Pure competition happens when every company has _______________.
Targeted Marketing
The same price for products
Similar products
An equal portion of market share
?
An industry structure that has only a few major companies controlling a majority of industry sales is called this:
Pure Competition
Oligopoly
Monopoly
Competitive Marketplace
?
Which of the following is/are considered to be barriers to entering a marketplace?
Advertising Expenditures
Capital Requirements
Distribution Access
All of the above
?
Mergers and acquisitions are one approach to __________________.
Increasing company assets.
Eliminating the competition.
Building name recognition.
Restructuring
?
The ____________ is evolving as a new form of competition in the marketplace.
Satellite District
Computer Industry
Information Highway
Internet
?
This law, passed in 1975, forbids monopolies and price fixing.
Competition Act
Combines Legislation Act
Bureau of Competition Act
Consumer Protection Act
?
Product related legislation aims to protect __________________.
Government
Companies
Consumers
Both B and C
?
This regulatory body watches for misleading advertising and unfair business practices.
Consumer and Corporate Affairs
Better Business Bureau
Print Measurement Bureau
Canadian Marketing Association
?
_____________ is an alternative to government control.
Self-regulation
Industry standards
Corporate policy
Professional associations
?
Companies recognizing these differences in consumers have begun developing tailored marketing plans.
Racial
Ethnic
Geographic
All of the above
?
With the increasing popularity of direct marketing, one of the key areas of concern is:
privacy
credit card fraud
too much mail
misleading advertising
?
One trend in Social Forces that is discussed in the text is:
Greater desire for product simplicity
Aging population
Moving population
Deregulation