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armstrong_mai08_tif_03

armstrong_mai08_tif_03 - Chapter 3 The Marketing...

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Chapter 3 The Marketing Environment GENERAL CONTENT: Multiple-Choice Questions 1. The most commercially influential demographic group in history is _____. a. Generation X b. baby boomers c. Generation Y d. seniors e. infants (Answer: b; p. 70; Easy) 2. All of the groups within a company are called the _____. 3. Which of the following do suppliers not provide marketers within your firm? 4. Which of these firms help companies to stock and move goods from their points of origin to their destination? 65
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5. 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 agencies d. resellers e. wholesalers (Answer: a; p. 67; Moderate) 6. Percy Original caters to a market of individuals and households that buys goods and services for personal consumption. What do we call this market? 7. What is the name of the market that buys goods and services for further processing or for use in the production process? 8. Rachel Patino works for a wholesale company called Distributors Unlimited. She is responsible for buying and selling goods at a profit to small retailers. What is her market? 66
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9. A company’s marketing environment includes various _____ that consists of any group that has an actual or potential interest in, or impact on, an organization’s ability to achieve its objectives. a. teams b. audiences c. markets d. publics e. intermediaries (Answer: d; p. 68; Moderate) 10. This type of public is a radio station that carries news, features, and editorial opinions about your area. What is it?
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