Podcast
Questions and Answers
Which of the following best describes the firm that assists companies in promoting, distributing, and selling their products to end consumers?
Which of the following best describes the firm that assists companies in promoting, distributing, and selling their products to end consumers?
- Supplier
- Advertising
- Licensor
- Marketing intermediary (correct)
What type of businesses are LandPort Transportation and Omega Warehousing?
What type of businesses are LandPort Transportation and Omega Warehousing?
- Resellers
- Marketing services agencies
- Physical distribution firms (correct)
- Financial intermediaries
What type of business is Boxes, Inc.?
What type of business is Boxes, Inc.?
- Physical distribution firms
- Financial intermediaries
- Marketing services agencies
- Reseller (correct)
Which of the following is a component of a firm's microenvironment?
Which of the following is a component of a firm's microenvironment?
What environment is being studied when the marketing team of 7 Star Inc. is analyzing the size, density, location, age, and occupation of its target market?
What environment is being studied when the marketing team of 7 Star Inc. is analyzing the size, density, location, age, and occupation of its target market?
Which of the following represents a type of businesses that help companies in promoting, distributing, and selling their products to end consumers?
Which of the following represents a type of businesses that help companies in promoting, distributing, and selling their products to end consumers?
What is the primary purpose of Cape Sky Inc. sponsoring the New York City Marathon?
What is the primary purpose of Cape Sky Inc. sponsoring the New York City Marathon?
How does new technology most likely lead to?
How does new technology most likely lead to?
Which of the following is true about media publics?
Which of the following is true about media publics?
Which external factors can influence business strategy and objectives?
Which external factors can influence business strategy and objectives?
In the context of environmental factors affecting a construction business, what does a lumber shortage represent?
In the context of environmental factors affecting a construction business, what does a lumber shortage represent?
True or False: The macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics.
True or False: The macroenvironment consists of the factors close to the company that affect its ability to serve its customers, such as suppliers, customer markets, competitors, and publics.
True or False: Local publics include consumer organizations, environmental groups, minority groups, and others.
True or False: Local publics include consumer organizations, environmental groups, minority groups, and others.
True or False: Jan works for a distribution channel firm that helps several electronics companies find customers or make sales to them. Jan works for a reseller.
True or False: Jan works for a distribution channel firm that helps several electronics companies find customers or make sales to them. Jan works for a reseller.
True or False: A business's suppliers are the most important actors in the company's microenvironment.
True or False: A business's suppliers are the most important actors in the company's microenvironment.
True or False: Core beliefs and values are more open to change and include people’s views of themselves, others, organizations, society, nature, and the universe.
True or False: Core beliefs and values are more open to change and include people’s views of themselves, others, organizations, society, nature, and the universe.
Which of the following terms best describes a firm that assists companies in promoting, distributing, and selling their products to end consumers?
Which of the following terms best describes a firm that assists companies in promoting, distributing, and selling their products to end consumers?
LandPort Transportation and Omega Warehousing help companies move and stock goods from their manufacturing plants to their destinations. What type of businesses are they?
LandPort Transportation and Omega Warehousing help companies move and stock goods from their manufacturing plants to their destinations. What type of businesses are they?
What type of business is Boxes, Inc., which sells products to end users or to other companies that will sell to end users?
What type of business is Boxes, Inc., which sells products to end users or to other companies that will sell to end users?
Which of the following is a component of a firm's microenvironment?
Which of the following is a component of a firm's microenvironment?
When studying the size, density, location, age, and occupation of a target market, which environment is being analyzed?
When studying the size, density, location, age, and occupation of a target market, which environment is being analyzed?
Which of the following is NOT considered a business that helps companies in promoting, distributing, and selling their products to end consumers?
Which of the following is NOT considered a business that helps companies in promoting, distributing, and selling their products to end consumers?
Which of the following environments includes factors like artificial intelligence and machine learning?
Which of the following environments includes factors like artificial intelligence and machine learning?
In the context of environmental factors affecting a construction business, what does a lumber shortage represent?
In the context of environmental factors affecting a construction business, what does a lumber shortage represent?
True or False: Core beliefs and values are more open to change and include people’s views of themselves, others, organizations, society, nature, and the universe.
True or False: Core beliefs and values are more open to change and include people’s views of themselves, others, organizations, society, nature, and the universe.
What is the primary purpose of Cape Sky Inc. sponsoring the New York City Marathon?
What is the primary purpose of Cape Sky Inc. sponsoring the New York City Marathon?
Which external factors can influence business strategy and objectives?
Which external factors can influence business strategy and objectives?
Which of the following best describes the firm that assists companies in promoting, distributing, and selling their products to end consumers?
Which of the following best describes the firm that assists companies in promoting, distributing, and selling their products to end consumers?
Which of the following is true about media publics?
Which of the following is true about media publics?
Flashcards
Marketing Intermediary
Marketing Intermediary
A firm that assists companies in promoting, distributing, and selling their products to end consumers.
Physical Distribution Firms
Physical Distribution Firms
Businesses that help companies move and stock goods from manufacturing plants to destinations.
Reseller
Reseller
A business that sells products to end users or other companies for resale.
Microenvironment
Microenvironment
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Demographic Environment
Demographic Environment
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Logistics Service Providers
Logistics Service Providers
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Appeal to financial publics
Appeal to financial publics
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New Technology
New Technology
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Media Publics Role
Media Publics Role
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Technological Factors
Technological Factors
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Natural Factor
Natural Factor
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General Publics
General Publics
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Study Notes
Business and Environment
- A firm that assists companies in promoting, distributing, and selling their products to end consumers is a channel firm or intermediary.
- LandPort Transportation and Omega Warehousing are logistics companies.
- Boxes, Inc. is a reseller.
Microenvironment
- A firm's microenvironment includes suppliers, customer markets, competitors, and publics.
- Suppliers are not the most important actors in the company's microenvironment.
Marketing and Environment
- Analyzing the size, density, location, age, and occupation of a target market involves studying the demographic environment.
- Factors like artificial intelligence and machine learning are part of the technological environment.
- A lumber shortage represents an external environmental factor affecting a construction business.
Sponsorship and Publics
- The primary purpose of Cape Sky Inc. sponsoring the New York City Marathon is promotion.
- Media publics are a type of public that includes television, radio, and other media organizations.
Business Strategy
- External factors such as suppliers, customer markets, competitors, and publics can influence business strategy and objectives.
- Core beliefs and values are not open to change and include people’s views of themselves, others, organizations, society, nature, and the universe.
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