Chapter 3 Marketing MCQ Quiz
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Chapter 3 Marketing MCQ Quiz

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@AffectionateAstronomy

Questions and Answers

Which of the following best describes the firm that assists companies in promoting, distributing, and selling their products to end consumers?

Marketing intermediary

What type of businesses are LandPort Transportation and Omega Warehousing?

Physical distribution firms

What type of business is Boxes, Inc.?

Reseller

Which of the following is a component of a firm's microenvironment?

<p>Marketing intermediaries</p> Signup and view all the answers

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?

<p>Demographic environment</p> Signup and view all the answers

Which of the following represents a type of businesses that help companies in promoting, distributing, and selling their products to end consumers?

<p>Logistics service providers</p> Signup and view all the answers

What is the primary purpose of Cape Sky Inc. sponsoring the New York City Marathon?

<p>To appeal to financial publics</p> Signup and view all the answers

How does new technology most likely lead to?

<p>New markets and opportunities</p> Signup and view all the answers

Which of the following is true about media publics?

<p>This group carries news, features, and editorial opinion</p> Signup and view all the answers

Which external factors can influence business strategy and objectives?

<p>Technological</p> Signup and view all the answers

In the context of environmental factors affecting a construction business, what does a lumber shortage represent?

<p>Natural factor</p> Signup and view all the answers

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.

<p>False</p> Signup and view all the answers

True or False: Local publics include consumer organizations, environmental groups, minority groups, and others.

<p>False</p> Signup and view all the answers

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.

<p>True</p> Signup and view all the answers

True or False: A business's suppliers are the most important actors in the company's microenvironment.

<p>False</p> Signup and view all the answers

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.

<p>False</p> Signup and view all the answers

Which of the following terms best describes a firm that assists companies in promoting, distributing, and selling their products to end consumers?

<p>Marketing intermediary</p> Signup and view all the answers

LandPort Transportation and Omega Warehousing help companies move and stock goods from their manufacturing plants to their destinations. What type of businesses are they?

<p>Physical distribution firms</p> Signup and view all the answers

What type of business is Boxes, Inc., which sells products to end users or to other companies that will sell to end users?

<p>Reseller</p> Signup and view all the answers

Which of the following is a component of a firm's microenvironment?

<p>Marketing intermediaries</p> Signup and view all the answers

When studying the size, density, location, age, and occupation of a target market, which environment is being analyzed?

<p>Demographic environment</p> Signup and view all the answers

Which of the following is NOT considered a business that helps companies in promoting, distributing, and selling their products to end consumers?

<p>Licensors</p> Signup and view all the answers

Which of the following environments includes factors like artificial intelligence and machine learning?

<p>Technological</p> Signup and view all the answers

In the context of environmental factors affecting a construction business, what does a lumber shortage represent?

<p>Natural</p> Signup and view all the answers

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.

<p>False</p> Signup and view all the answers

What is the primary purpose of Cape Sky Inc. sponsoring the New York City Marathon?

<p>General publics</p> Signup and view all the answers

Which external factors can influence business strategy and objectives?

<p>New markets and opportunities</p> Signup and view all the answers

Which of the following best describes the firm that assists companies in promoting, distributing, and selling their products to end consumers?

<p>Reseller</p> Signup and view all the answers

Which of the following is true about media publics?

Signup and view all the answers

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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Description

Test your understanding of marketing concepts with this multiple-choice quiz focused on intermediaries, resellers, and marketing services. Answer questions related to the roles of various businesses in the distribution and promotion of products.

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