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All of the following are commonly held values in the United States EXCEPT:


A) equality.
B) individualism.
C) belief in fate.
D) continuous change.
E) personal control.

F) A) and D)
G) A) and E)

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Which of the following laws has the purpose of protecting competition?


A) Prevention and Enforcement Act
B) Clayton Act
C) Federal Trade Commission Act
D) Fair Trade Act
E) Unfair Practices Act

F) B) and E)
G) A) and E)

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The Department of Labor monitors consumer expenditures through its annual __________.


A) Consumer Price Index
B) Consumer Confidence Index
C) Consumer Expenditure Survey
D) Index of Consumer Sentiment
E) National Consumer Spending Survey

F) A) and D)
G) D) and E)

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Demographics characteristics that describe a population include all of the following EXCEPT:


A) income.
B) age.
C) occupation.
D) zip code.
E) ethnicity.

F) D) and E)
G) A) and E)

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The personal moral philosophy of utilitarianism underlies the economic tenets of


A) existentialism.
B) moral idealism.
C) communism.
D) socialism.
E) capitalism.

F) A) and D)
G) A) and C)

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Small businesses account for __________ of the gross domestic product (GDP) .


A) 25 percent
B) 30 percent
C) 50 percent
D) 65 percent
E) 80 percent

F) B) and D)
G) A) and C)

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Generation X


A) is the least healthy generation since the 1940s.
B) accounts for the largest amount of consumer spending.
C) is the largest segment of business travelers.
D) is interested in distinctive,memorable,and personal experiences.
E) includes younger members known as millennials.

F) B) and D)
G) B) and C)

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Define green marketing and provide an example of it.

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Green marketing refers to a company's ma...

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Combinations of the marketing mix that reflect the unique attitudes,ancestry,communication preferences,and lifestyles of different races are referred to as __________ marketing programs.


A) panethnic
B) generational
C) cross-cultural
D) multicultural
E) regional

F) A) and B)
G) D) and E)

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Many fast food restaurants,including Burger King,McDonald's,and Wendy's,no longer use polystyrene containers (which do not degrade as quickly as paper in a landfill) for packaging their products.Rather,these firms wrap their burgers in recycled paper wrappers,containers,and bags.These fast-food restaurants are practicing


A) triple-top line marketing.
B) green marketing.
C) consumerism.
D) an ecological code of ethics.
E) cause marketing.

F) All of the above
G) B) and C)

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The process of continually acquiring information on events occurring outside the organization to identify and interpret potential trends is referred to as


A) significant trend analysis.
B) organizational scanning.
C) environmental scanning.
D) a SWOT analysis.
E) marketing intelligence.

F) B) and D)
G) None of the above

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Why did 3M phase out production of Scotchgard fabric protector?


A) New advances in fabric manufacturing,such as dirt repellant fibers,made the need for the product obsolete.
B) The product accidentally violated the patent rights of a competitor.
C) Traces of the potentially harmful chemical were found in humans,so the product was voluntarily halted.
D) New governmental legislation banned the production of one of the product's key component chemicals.
E) 3M developed a new product that didn't contain this chemical and was less costly to produce,resulting in a significantly higher profit margin.

F) None of the above
G) B) and C)

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The Sierra Club is the oldest continuously operating environmental organization.By 2001,its growth had plateaued.To rekindle interest in the organization,its members elected a new 23-year-old president who promised to use MTV artists to create public service announcements about the organization targeting his generational cohort,who are members of


A) Generation X.
B) Generation Y.
C) Generation Z.
D) baby busters.
E) baby boomers.

F) A) and B)
G) A) and E)

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In many geographic areas,there is only a single provider for gas and electric service for businesses and consumers.However,the government regulates that firm to ensure price protection for the buyer.This is an example of


A) pure competition.
B) a pure monopoly.
C) an oligopoly.
D) monopolistic competition.
E) a megopoly.

F) A) and B)
G) All of the above

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FedEx and UPS are converting their delivery trucks with standard diesel engines to more fuel-efficient and cleaner hybrid-electric vehicles,which can cut fuel costs by half and lower fuel emissions by 90 percent.This is an example of


A) demarketing.
B) triple-top line marketing.
C) preemptive compliance.
D) green marketing.
E) cause marketing.

F) A) and E)
G) None of the above

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Source Perrier S.A.,the supplier of Perrier bottled water,exercised __________ when it recalled 160 million bottles of water in 120 countries after traces of a toxic chemical was found in 13 bottles.The recall cost the company $35 million,and the profit from $40 million in lost sales.Even though the chemical was not harmful to humans,the president of the company believed it was his duty to remove "the least doubt,as minimal as it might be,to weigh on the image of the quality and purity of our product."


A) moral idealism
B) utilitarianism
C) cause marketing
D) profit responsibility
E) stakeholder responsibility

F) C) and D)
G) None of the above

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Culture refers to the


A) moral and ethical beliefs of a family passed down from generation to generation.
B) set of values,ideas,and attitudes that are learned and shared among the members of a group.
C) pastimes associated with the fine arts,such as ballet,music,and theater.
D) standard or pattern of behaviors that is typical or expected of a group.
E) description of a population according to selected characteristics such as age,gender,ethnicity,income,and occupation.

F) A) and B)
G) A) and E)

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Members of Generation Y are idealistic and eager to get started making the world a better place.One way they hope to achieve their goal is through __________.


A) environmental sustainability
B) political activism
C) intergenerational dialogue
D) fiscal conservatism
E) educational reform

F) B) and D)
G) C) and E)

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The view that an organization has an obligation to those who can affect the achievement of its objectives is referred to as _________.


A) social responsibility
B) value consciousness
C) benefit marketing
D) stakeholder responsibility
E) profit responsibility

F) D) and E)
G) B) and D)

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A key difference between cause marketing and a charitable contribution is


A) a charitable contribution provides an organization with a lower tax deduction.
B) there is no limit to the amount of charitable deductions a firm can make,but a firm is limited to the number of cause marketing efforts it can make during a fiscal year.
C) charitable donations are contributed at the sole discretion of the firm; cause marketing is the amount is directly affected by consumers' purchases.
D) cause marketing is generally linked to public causes and concerns while straight charitable contributions are generally given to private institutions.
E) there is essentially no difference between a charitable contribution and cause marketing.

F) A) and B)
G) A) and E)

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