Exam 3: Analysing the Marketing Environment

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An increasing number of Australian and New Zealand workers work out of their homes with technological conveniences such as PCs,mobile phones,scanners,PDA devices and fast internet access.These workers are referred to as the ________ market.

(Multiple Choice)
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Millennials comprise the most commercially influential demographic group in Australian history.

(True/False)
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The microenvironment consist of the forces close to the organisation that affect its ability to serve its customers-the organisation,marketing channel firms,customer markets,________ and publics.

(Essay)
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Which of the following statements best describes Millennials?

(Multiple Choice)
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Ernst Engel's laws generally have been supported by recent studies.He discovered that as family income rises,the percentage spent on ________ declines and the percentage spent on ________ remains about constant.

(Multiple Choice)
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The distribution of income is shifting.The rich have grown richer,the middle class has shrunk and the poor have remained poor,leading to a(n)________ market.

(Essay)
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Although they might now be feeling the pinch of the weakened economy,baby boomers are still the ________ cohort.

(Essay)
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Which of the following is an example of a core belief?

(Multiple Choice)
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Organisations that buy goods and services in order to resell them at a profit are part of the ________ market.

(Essay)
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Assume that you are a manager at a firm that has hired lobbyists to influence legislation affecting your firm's industry to its advantage.Your firm takes a(n)________ approach to the marketing environment.

(Multiple Choice)
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The introduction of new technologies is beneficial to all industries as new markets and opportunities are created.

(True/False)
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Which of the following is the most educated generation in Australia and New Zealand today?

(Multiple Choice)
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Trudie works for a distribution channel firm that helps several electronics companies find customers or make sales to them.Trudie works for a reseller.

(True/False)
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The ________ environment consists of factors that affect consumer purchasing power and spending patterns.

(Multiple Choice)
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According to Engel's laws,consumers tend to spend a larger percentage of income on savings as income rises.

(True/False)
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Population diversity refers to changes in a population's ethnic composition.

(True/False)
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________ economies are those that consume most of their own agricultural and industrial output and offer few market opportunities.

(Essay)
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A reactive stance to the marketing environment is best described as one where marketers ________.

(Multiple Choice)
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Your marketing department is currently researching the size,density,location,age and occupations of your target market.Which environment is being researched?

(Multiple Choice)
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Workers,managers and members of the board of directors are all part of a company's ________.

(Multiple Choice)
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