Principle of Marketing Chapter 2

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1 Principle of marketing Fichas sobre Principle of Marketing Chapter 2, creado por quick.silver689 el 19/10/2015.
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Pregunta Respuesta
What are the six key area's in a marketing environment that marketers monitor. Demographics forces Socio-cultural forces Economic forces Technological forces Competitive Regulatory forces
What is a SWOT analysis Involves assessing internal strength and weaknesses, and external opportunities and threats.
The statistical study of population is knows as _____________ Demographics
The four main generation groups Baby boomers Generation X Generation Y Generation Z
What are socio-cultural forces? Cultural values, ideas, and attitudes that are learned and shared among a group of people.
What is the difference between macro and micro economics. Macro refers the the country's economy as a whole, while micro refers to hot individual, household, and a companies decision to purchase impacts supply and demand
What are a countries indicators to it's economic state? Unemployment rate Inflation rate Economic growth rate
Whats is the difference between disposable income and discretionary income? Disposable income is after-tax income that consumers have left for spending and savings, while discretionary is after-tax income left over after paying for necessities.
What are technological forces Inventions or innovations that stem form scientific or engineering research that make certain technologies become obsolete
What's the purpose of placing regulations on marketing practicing? To protect consumers from unscrupulous business practices and to encourage fair competition.
What are 5 exceptions from the Do Not Call List (DNCL) Registered charities, Newspaper subscriptions, Political parties/candidates, Marketing research companies, Companies where business has been done int the last 18 months
What's the purpose of a marketing scan? To gather facts, to determine trends, and to brainstorm on new ideas that can be implemented to build the business.
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