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Markets

__________ is a philosophy holding that a company’s marketing should support the best long-run performance of the marketing system?

__________ is a philosophy holding that a company’s marketing should support the best long-run performance of the marketing system?

A. Enlightened marketing
B. Myopic marketing
C. Fundamental marketing
D. Conceptual marketing

__________ is a philosophy holding that a company’s marketing should support the best long-run performance of the marketing system? Read More »

Economics Mcqs, Efficiency And The Public Interest, Markets

The primary reason that many companies work to become the low cost producers in their industry is because ?

The primary reason that many companies work to become the low cost producers in their industry is because ?

A. they can generate more advertising
B. they can please top management
C. they can gain tax advantages
D. they can set lower prices that that result in greater sales and profits

The primary reason that many companies work to become the low cost producers in their industry is because ? Read More »

Economics Mcqs, Efficiency And The Public Interest, Markets

All of the following are criticisms leveled against marketing by critics EXCEPT ?

All of the following are criticisms leveled against marketing by critics EXCEPT ?

A. harming consumers through high prices
B. harming consumers through deceptive practices
C. harming consumers through high-pressure selling
D. harming consumers through too many product choices

All of the following are criticisms leveled against marketing by critics EXCEPT ? Read More »

Economics Mcqs, Efficiency And The Public Interest, Markets

A company’s compensation plan should reflect its overall marketing strategy For example if the overall strategy is to grow rapidly and gain market share the compensation plan should reward ?

A company’s compensation plan should reflect its overall marketing strategy For example if the overall strategy is to grow rapidly and gain market the compensation plan should reward ?

A. loyalty and perseverance
B. spot selling and old product rejuvenation
C. high sales performance and encourage capturing new accounts
D. high pressure situations and competitive reaction

A company’s compensation plan should reflect its overall marketing strategy For example if the overall strategy is to grow rapidly and gain market share the compensation plan should reward ? Read More »

Economics Mcqs, Efficiency And The Public Interest, Markets

In a example discussed in your text Johnson & Johnson’s recall of their Tylenol product following the discovery that several bottles of Tyloenol had been laced with cyanide is consistent with which business philosophy ?

In a example discussed in your text Johnson & Johnson’s recall of their Tylenol product following the discovery that several bottles of Tyloenol had been laced with cyanide is consistent with which business philosophy ?

A. The marketing concept
B. The product concept
C. The selling concept
D. The societal marketing concept

In a example discussed in your text Johnson & Johnson’s recall of their Tylenol product following the discovery that several bottles of Tyloenol had been laced with cyanide is consistent with which business philosophy ? Read More »

Economics Mcqs, Efficiency And The Public Interest, Markets

All of the following are ways that marketing plays a key role in the company’s strategic planning EXCETP ?

All of the following are ways that marketing plays a key role in the company’s strategic planning EXCETP ?

A. marketing provides a guiding philosophy
B. marketing is the only discipline that can provide a formal structure for the planning effort
C. marketing provides inputs to strategic planners by helg to identify attractive market opportunities
D. within individual business units marketing designs strategies for reaching the unit’s objectives

All of the following are ways that marketing plays a key role in the company’s strategic planning EXCETP ? Read More »

Economics Mcqs, Efficiency And The Public Interest, Markets

According to the text the most dramatic of the environments that affect marketing and appears to be now shaping our world is the ___________ environment?

According to the text the most dramatic of the environments that affect marketing and appears to be now shag our world is the ___________ environment?

A. natural
B. demographic
C. economic
D. technological

According to the text the most dramatic of the environments that affect marketing and appears to be now shaping our world is the ___________ environment? Read More »

Economics Mcqs, Efficiency And The Public Interest, Markets

The purpose of strategic planning is to find ways in which the company can best ?

The purpose of strategic planning is to find ways in which the company can best ?

A. overcome losses
B. use its strengths to take advantage of attractive opportunities in the environment
C. avoid paying taxes
D. avoid the expense of costly research and development while still getting the benefits

The purpose of strategic planning is to find ways in which the company can best ? Read More »

Economics Mcqs, Efficiency And The Public Interest, Markets