The difference between a proactive and a reactive stance to the marketing environment can best be described as which of the following?

passive versus active responses More test answers on https://studyhippo.com/marketing-practice-exam-chapter-3/

Which of the following is part of the microenvironment of a firm’s marketing environment?

the suppliers who work with the company More test answers on https://studyhippo.com/marketing-chapter-3/

which of the following statements is true of the marketing environment

a marketing manager can influence some environmental variables More test answers on https://studyhippo.com/isom-test-3/

What advice would you give a firm about how to respond to the changing marketing environment?

Whenever possible, take a proactive approach to the environment More test answers on https://studyhippo.com/mkt-304-ch-3/

9) Which of the following is NOT an example of a public that is part of a company’s marketing environment? A) financial B) media C) government D) citizen-action E) marketing department

Answer: E Diff: 2 Page Ref: 69-70 Skill: Concept AACSB: Communication More test answers on https://studyhippo.com/mktg-3310-ch-3-practice-test/

Proactive businesses often take aggressive actions to affect consumers and the forces in their marketing environments. Which of the following does NOT depict a proactive company?

Sophie’s Soups refusing to counter false allegations of rat feces in its soups More test answers on https://studyhippo.com/mar-301-final-ch-3/

Analyzing the marketing environment: People want to focus on a healthy lifestyle — how does the market respond?

Increased marketing of gym memberships, organic/healthy foods, exercise equipment More test answers on https://studyhippo.com/marketing-3000-mizzou/

Which of the following is part of the microenvironment of a company’s marketing environment?

a just-in-time inventory system used by the company when making purchase decisions More test answers on https://studyhippo.com/marketing-chapter-3/

Which of the following is a method by which marketers get information about everyday happenings in the marketing environment?

Market intelligence system More test answers on https://studyhippo.com/marketing-dsm-chapter-4/

which of the following is least likely to be a competitive or economic force in the marketing environment

the laws related to employment More test answers on https://studyhippo.com/isom-test-3/

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Marketing Environment Flashcards, test questions and answers

Discover flashcards, test exam answers, and assignments to help you learn more about Marketing Environment and other subjects. Don’t miss the chance to use them for more effective college education. Use our database of questions and answers on Marketing Environment and get quick solutions for your test.

What is Marketing Environment?

Marketing environment refers to the external forces and factors that affect an organization’s ability to develop and maintain successful marketing strategies. These external elements include social, economic, political, legal, technological, and competitive forces.The social environment of a business includes culture, demographics, values, and beliefs of its customers. It is important for marketers to understand the target audience’s culture in order to develop effective messages that resonate with them. Demographics refer to the age groups or income levels of a particular customer segment. Values and beliefs may differ between cultural groups or among different generations in a single country or region. Understanding these factors are key for any marketing plan to succeed as it allows businesses to tailor their offerings accordingly.The economic environment consists of macroeconomic factors such as inflation rate, GDP growth rate, unemployment rate etc., which have an impact on demand for products and services as well as cost structure of businesses. Marketers need to be aware of changes in macroeconomic indicators in order to effectively manage their pricing strategies as well as anticipate customer behavior under different economic scenarios. Political environment refers to government regulations related to specific industries such as health care or energy production that might limit opportunities for marketers within those industries. Political stability is also important factor when making investment decisions since any political instability can disrupt operations or lead to financial losses due lack of predictability around laws governing certain activities like taxation etc. Legal environment encompasses laws related intellectual property rights (copyrights & patents), antitrust & competition laws etc., which protect consumers from unfair practices by businesses while encouraging innovation & creativity within an industry sector by preventing monopoly-like situations from developing due excessive concentration of market power with one player or small group thereof. Understanding these regulations is essential before launching new products/ services since non-compliance could result in costly litigation. Technological advances constantly create new opportunities for businesses but also present challenges since technology rapidly shifts consumer expectations with regards product features , usability & convenience. Companies must stay abreast with latest developments in order take advantage emerging trends before competitors do so.