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kotlerchapter3

Chapter3AnalyzingtheMarketingEnvironment

1)Youaredirectedtostudytheactorsclosetothecompanythataffectitsabilitytoserveitscustomers-departmentswithinthecompany,suppliers,marketingintermediaries,customermarkets,competitors,andpublics.Whatareyoustudying?

A)themacroenvironment

B)themicroenvironment

C)themarketingenvironment

D)thedemographicenvironment

E)theglobalenvironment

Answer:

B

Diff:

1PageRef:

66

Skill:

Concept

Objective:

3-1

2)Whichofthefollowingtermsisusedtodescribethefactorsandforcesoutsidemarketingthataffectmarketingmanagement'sabilitytobuildandmaintainsuccessfulrelationshipswithtargetcustomers?

A)themarketingenvironment

B)theculturalenvironment

C)strategicplanning

D)targetmarkets

E)themarketingmix

Answer:

A

Diff:

1PageRef:

66

Skill:

Concept

Objective:

3-1

3)Youaredirectedtostudythedemographic,economic,natural,technological,political,andculturalfactorsthatarelargersocietalforcesaffectingyourcompany.Whatareyoustudying?

A)themacroenvironment

B)themicroenvironment

C)theexternalenvironment

D)themarketingmix

E)theglobalenvironment

Answer:

A

Diff:

1PageRef:

66

Skill:

Concept

Objective:

3-1

4)WhichofthefollowingisNOTatypeoffactorinacompany'smacroenvironment?

A)demographic

B)economic

C)technological

D)competitive

E)political

Answer:

D

Diff:

1PageRef:

66

Skill:

Concept

Objective:

3-1

5)Allofthegroupswithinacompanyarecalledthe________.

A)culture

B)diversity

C)internalenvironment

D)climate

E)range

Answer:

C

Diff:

2PageRef:

67

Skill:

Concept

Objective:

3-1

6)Whichtypeoforganizationhelpscompaniestostockandmovegoodsfromtheirpointsoforigintotheirdestination?

A)financialintermediaries

B)physicaldistributionfirms

C)marketingservicesagencies

D)resellers

E)suppliers

Answer:

B

Diff:

1PageRef:

68

Skill:

Concept

Objective:

3-1

7)Banks,creditcompanies,insurancecompanies,andotherbusinessesthathelpfinancetransactionsorinsureagainsttherisksassociatedwiththebuyingandsellingofgoodsandservicesarereferredtoas________.

A)financialintermediaries

B)physicaldistributionfirms

C)marketingservicesagencies

D)resellers

E)wholesalers

Answer:

A

Diff:

1PageRef:

68

Skill:

Concept

Objective:

3-1

8)Currently,DiegoCalabresaisemployedbyafirmthatconductsmarketingresearchandcreatesadsforothercompaniesthathelpthemtargetandpromotetheirproductstotherightmarkets.WhoisDiego'semployer?

A)afinancialintermediary

B)aphysicaldistributionfirm

C)amarketingserviceagency

D)areseller

E)agreenmarketer

Answer:

C

Diff:

2PageRef:

68

Skill:

Concept

Objective:

3-1

9)A________isdefinedasanygroupthathasanactualorpotentialinterestin,orimpacton,anorganization'sabilitytoachieveitsobjectives.

A)team

B)competitor

C)market

D)public

E)intermediary

Answer:

D

Diff:

1PageRef:

69

AACSB:

Communication

Skill:

Concept

Objective:

3-1

10)WhichofthefollowingisNOTanexampleofthetypeofpublicthatispartofacompany'smarketingenvironment?

A)financial

B)media

C)government

D)citizen-action

E)marketingdepartment

Answer:

E

Diff:

1PageRef:

69

AACSB:

Communication

Skill:

Concept

Objective:

3-1

11)Aradiostationthatcarriesnews,features,andeditorialopinionsaboutyourareaiswhichtypeofpublic?

A)financial

B)media

C)citizen-action

D)local

E)government

Answer:

B

Diff:

1PageRef:

69

AACSB:

Communication

Skill:

Concept

Objective:

3-1

12)Aconsumerorganization,environmentalgroup,orminoritygrouphaschallengedyourfirm'sstandonalocalissue.Yourfirmisbeingchallengedbya________public.

A)local

B)general

C)government

D)citizen-action

E)media

Answer:

D

Diff:

1PageRef:

69

AACSB:

ReflectiveThinking

Skill:

Concept

Objective:

3-1

13)Workers,managers,andmembersoftheboardareallpartofacompany's________public.

A)general

B)internal

C)local

D)intermediary

E)market

Answer:

B

Diff:

1PageRef:

69

Skill:

Concept

Objective:

3-1

14)PercyOriginalcaterstoamarketofindividualsandhouseholdsthatbuysgoodsandservicesforpersonalconsumption.PercyOriginalcaterstoa________market.

A)business

B)reseller

C)government

D)consumer

E)marketingintermediary

Answer:

D

Diff:

2PageRef:

69

Skill:

Concept

Objective:

3-1

15)Whichtypeofmarketbuysgoodsandservicesforfurtherprocessingorforuseintheproductionprocess?

A)business

B)reseller

C)wholesale

D)consumer

E)retail

Answer:

A

Diff:

2PageRef:

69

Skill:

Concept

Objective:

3-1

16)Whichtypeofmarketbuysgoodsandservicestoproducepublicservicesortotransferthemtootherswhoneedthem?

A)government

B)reseller

C)wholesale

D)consumer

E)retail

Answer:

A

Diff:

1PageRef:

69

Skill:

Concept

Objective:

3-1

17)RachelPatinoworksforawholesalecompanycalledDistributorsUnlimited.Sheisresponsibleforbuyingandsellinggoodsataprofittosmallretailers.Whatishermarket?

A)business

B)reseller

C)wholesale

D)consumer

E)retail

Answer:

B

Diff:

1PageRef:

69

Skill:

Concept

Objective:

3-1

18)Yourmarketingdepartmentiscurrentlyresearchingthesize,density,location,age,andoccupationsofyourtargetmarket.Whichenvironmentisbeingresearched?

A)demographic

B)psychographic

C)economic

D)geographic

E)cultural

Answer:

A

Diff:

1PageRef:

70

Skill:

Concept

Objective:

3-2

19)ThethreelargestgenerationalgroupsinAmericaarethebabyboomers,GenerationXers,and________.

A)seniors

B)Millennials

C)teens

D)tweens

E)toddlers

Answer:

B

Diff:

1PageRef:

71

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

20)Asagroup,________arethemostaffluentAmericans.

A)babyboomers

B)GenerationXers

C)theMillennials

D)echoboomers

E)seniors

Answer:

A

Diff:

2PageRef:

71

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

21)ResearchhasshownthatthemostimportantdemographictrendintheUnitedStatesisthe________.

A)changingagestructureofthepopulation

B)mobilityoffamilies

C)slowingbirthrate

D)increasingnumberofprofessionaljobs

E)agingpopulation

Answer:

A

Diff:

3PageRef:

71

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

22)Theyoungestofthebabyboomersarenowintheir________.

A)late20s

B)mid-20s

C)mid-40s

D)early50s

E)early60s

Answer:

C

Diff:

2PageRef:

71

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

23)Whichofthefollowingdescriptionsmostaccuratelycharacterizesthebabyboomers?

A)Theyareincreasinglylikelytoretireearly.

B)Theyareashrinkingmarketfornewhousingandhomeremodeling.

C)Theyarepasttheirpeakearningandspendingyears.

D)Theyhold75%ofthecountry'sassets.

E)Theyareuninterestedinadaptingnewtechnologies.

Answer:

D

Diff:

2PageRef:

71

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

24)WhichofthefollowingdescriptionsmostaccuratelycharacterizesGenXers?

A)TherearemoreGenXersthanMillennials.

B)Theywerethefirstgenerationoflatchkeykids.

C)Theygrewupduringtimesofgreateconomicgrowth.

D)Theyaremoreinterestedinacquiringgoodsthanhavingexperiences.

E)Theyrarelyresearchaproductbeforepurchasingit.

Answer:

B

Diff:

2PageRef:

72

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

25)Whichdemographicgroupisalsoreferredtoastheechoboomers?

A)GenerationX

B)Millennials

C)GenerationZ

D)babyboomers

E)babybusters

Answer:

B

Diff:

2PageRef:

74

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

26)Largetweenandteenmarketsbelongtowhichdemographicgroup?

A)GenerationX

B)Millennials

C)babybusters

D)babyboomers

E)GenerationZ

Answer:

B

Diff:

1PageRef:

74

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

27)WhichofthefollowingdescriptionsmostaccuratelycharacterizesMillennials?

A)Theyarechildrenofbabyboomers.

B)TheyarelessethnicallydiversethanGenXers.

C)Theyhavereachedtheirpeakearningandspendingyears.

D)Theywereoncelabeled"theMTVgeneration."

E)Theyhavegraduatedfromcollegeandaretakingoverpositionsofpowerinthebusinessworld.

Answer:

A

Diff:

2PageRef:

74

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

28)Whichdemographicgroupischaracterizedbyatotalfluencyandcomfortwithcomputer,digital,andInternettechnology?

A)GenerationX

B)Millenials

C)theelderly

D)GenerationZ

E)babyboomers

Answer:

B

Diff:

1PageRef:

74

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

29)WhichofthefollowingdemographicgroupshasNOTseenapercentageincreaseinthepast50years?

A)womenstayingathomewiththeirchildren

B)menstayingathomewiththeirchildren

C)nontraditionalhouseholds

D)nonfamilyhouseholds

E)womenworkingoutsideofthehome

Answer:

A

Diff:

3PageRef:

75-76

AACSB:

MulticulturalandDiversity

Skill:

Concept

Objective:

3-2

30)AmeripriseFinancialhaspublishedaDreamBookguide,oneofthefirststepsintheirDream>Plan>Trackapproachtofinancialplanning,aspartoftheirstrategytoattract________ascustomers.

A)babyboomers

B)GenXers

C)echoboomers

D)Millennials

E)professionals

Answer:

A

Diff:

2PageRef:

73

Skill:

Concept

Objective:

3-2

31)"Dreamsdon'tretire"isthethemeofa(n)________marketingcampaignaimedatbabyboomers.

A)financialservices

B)anti-agingproducts

C)travelandentertainment

D)fitn

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