Deck 2: Marketing Environment

Question 1

In a PRESTCOM analysis, under which heading would a change in the provisions of the Sale of Goods Act be placed?

A) Political
B) Regulatory
C) Social
D) Customer
E) Marketing

Answer 1

B

Question 2

What is the correct term for an economy that is growing, in a country with full employment, and with high business confidence in the future despite rising prices?

A) Bomb
B) Bust
C) Upturn
D) Swing
E) Mixed

Answer 2

C

Question 3

Britain has an ageing population. This trend would be identified as part of which PRESTCOM environment?

A) Political
B) Regulatory
C) Social
D) Environmental
E) Market

Answer 3

C

Question 4

In a SWOT analysis, which two elements are part of the internal environment?

A) Strengths and threats
B) Opportunities and threats
C) Strengths and opportunities
D) Weaknesses and strengths
E) Weaknesses and threats

Question 5

The first stage of a SWOT analysis is to identify relevant variables and classify them under the SWOT headings. What is the follow on stage?

A) Ranking the variables in order of importance to the organisation
B) Organising the variables alphabetically
C) Prioritising the variables according to their associated costs
D) Classifying the variables according to PRESTCOM
E) Identifying the easiest variables to deal with

Question 6

Imagine you are conducting a SWOT analysis for a British manufacturer who exports to Thailand. If the Thai currency becomes unstable, which category would you place that in for your analysis?

A) Opportunity
B) Weakness
C) Economic
D) Strength
E) Threat

Question 7

Identify a close competitor for Walker's crisps.

A) Golden Wonder crisps
B) Nobby's nuts
C) Mashed potato
D) Coca Cola
E) Sunflower oil

Question 8

What do the three Cs of international marketing environmental analysis stand for?

A) Country currency culture
B) Competition costs culture
C) Culture costs climate
D) Country climate competition
E) Currency climate costs

Question 9

What is the general term given to any group or individual who can affect, or is affected by, an organisation's activities?

A) Shareholders
B) Pressure groups
C) Unions
D) Stakeholders
E) Board members

Question 10

Often, the first significant company to move into a market becomes the market leader. What is the term for this?

A) First come first served
B) First mover advantage
C) Market first
D) Last in first out
E) Organisational first