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Chapter 3
The Marketing Environment
GENERAL CONTENT: Multiple-Choice Questions
1. The most commercially influential demographic group in history is _____.
generation X
baby boomers
generation Y
seniors
infants
(Answer: b; p. 70; Easy)
All of the groups within a company are called the _____.
culture
diversity
internal environment
climate
range
(Answer: c; p. 65; Moderate)
Which of the following do suppliers not provide marketers within your firm?
resources to produce products and services
insight into trends and competitors
partners in creating and delivering customer value
the funding for your paychecks
B and D
(Answer: d; p. 65; Moderate)
These firms help companies to stock and move goods from their points of origin to their destination.
financial intermediaries
physical distribution firms
marketing service firms
resellers
modified rebuyers
(Answer: b; p. 66; Easy)
Banks, credit companies, insurance companies, and other businesses that help finance transactions or insure against the risks associated with the buying and selling of goods and services are referred to as _____.
financial intermediaries
physical distribution firms
marketing service agencies
resellers
wholesalers
(Answer: a; p. 66; Moderate)
Percy Original caters to a market of individuals and households that buys goods and services for personal consumption. What do we call this market?
business
reseller
government
consumer
marketing intermediary
(Answer: d; p. 66; Easy)
Name the market that buys goods and services for further processing or for use in the production process.
business
reseller
wholesale
consumer
retail
(Answer: a; p. 66; Easy)
Rachel Patino works for a wholesale company called Distributors Unlimited. She is responsible for buying and selling goods at a profit to small retailers. What is her market?
business
reseller
wholesale
consumer
retail
(Answer: b; p. 67; Moderate)
A company’s marketing environment includes various _____, which consists of any gr
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