3 105 Chapter 03 Evaluating Opportunities in the Changing Market Environment

3 105 chapter 03 evaluating opportunities in the

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Chapter 03 - Evaluating Opportunities in the Changing Market Environment 175. (p. 72) Which of the following newspaper headlines would be LEAST likely to involve the political environment? A. U.S.-Vietnamese Joint Ventures in the Future. B. Egg Sales Fall as Consumers Switch to Low Cholesterol Diets. C. U.S. Signs Trade Agreement with Venezuela. D. FDA Adopts New Regulations for Generic Drugs. E. Consumers Urged to "Buy American." AACSB: Analytic Bloom's: Application Difficulty: Medium Learning Objective: 03-06 know why you might be sent to prison if you ignore the political and legal environment. 176. (p. 72-74) The largest producer of "fuzz-busters" (radar detectors) sees that many states are increasing the penalty for using them. Clearly, this firm's marketing strategy may have to change in response to these changes in the A. economic and technological environment. B. resources and objectives of the firm. C. competitive environment. D. political and legal environment. E. cultural and social environment. AACSB: Reflective Thinking Bloom's: Application Difficulty: Easy Learning Objective: 03-06 know why you might be sent to prison if you ignore the political and legal environment. 177. (p. 72) The _____ environment sets the basic rules for how a business can operate in society. A. legal B. social C. economic D. technical E. cultural AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Easy Learning Objective: 03-06 know why you might be sent to prison if you ignore the political and legal environment. 3-106
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Chapter 03 - Evaluating Opportunities in the Changing Market Environment 178. (p. 72) American economic and legislative thinking is based on the idea that A. encouraging competition harms public interest. B. competition among many small firms helps the economy. C. attempts by business to limit competition aids large firms during recessions. D. the economic environment provides a base for the technological environment. E. laws should protect companies and not consumers. AACSB: Reflective Thinking Bloom's: Knowledge Difficulty: Medium Learning Objective: 03-06 know why you might be sent to prison if you ignore the political and legal environment. 179. (p. 72) American legislative and economic thinking assumes that: A. competition among many small firms helps the economy. B. firms must have their prices approved by the Federal Trade Commission. C. the free enterprise system is dying. D. laws are needed to prevent firms from competing with similar ("me-too") products. E. government officials are needed to run the economy. AACSB: Analytic Bloom's: Self-Test Difficulty: Easy Learning Objective: 03-06 know why you might be sent to prison if you ignore the political and legal environment. 180. (p. 73-74) The early antimonopoly (or "procompetition") laws passed in the United States: A. include the Federal Trade Commission Act and the Clayton Act.
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