Falcon's Invoice Discounting: Your Path to Prosperity
Ch3 gathering information and scanning the environment learning questions
1. TOP 10 Learning Questions for
Chapter 3: Gathering Information
& Scanning the Environment
Marie Ness R. Cabahug
September 16, 2011
2. 1. ________ is an interacting structure of
people, equipment & procedures use by
decision makers in order to improve planning,
implementation & control
A. Sales Information System
B. Marketing Information System
C. Marketing Intelligence System
D. Marketing Research System
E. Internal Reporting System
2
4. Marketing Information System
In order to:
sort
gather analyze & evaluate distribute
Accurate information to marketing decision makers
4
5. 1. ________ is an interacting structure of
people, equipment & procedures use by
decision makers in order to improve planning,
implementation & control
A. Sales Information System
B. Marketing Information System
C. Marketing Intelligence System
D. Marketing Research System
E. Internal Reporting System
5
6. 2. Which of the following is part of the Internal
Records & Marketing Intelligence
A. Order-to-Payment Cycle
B. Marketing Intelligence System
C. Databases, Warehousing, Data Mining
D. Sales Information System
E. All of the above
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7. Internal Records and Marketing
Intelligence = spot vital opportunities &
problems
Order-to-Payment Sales Information
Cycle System
Databases,
Warehousing, Marketing
Data Mining Intelligence System
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8. 2. Which of the following is part of the Internal
Records & Marketing Intelligence
A. Order-to-Payment Cycle
B. Marketing Intelligence System
C. Databases, Warehousing, Data Mining
D. Sales Information System
E. All of the above
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9. 3. Which of the following is NOT a step in
improving quality of marketing intelligence.
A. Network externally
B. Government data sources
C. Purchase information
D. Stock market prices
E. Customer advisory panel
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10. Steps to Improve Marketing
Intelligence = key progress to
significant information
Train sales force to scan for new developments
Motivate channel members to share intelligence
Network externally
Utilize customer panel advisory
Utilize government data sources
Purchase information
Collect customer feedback online
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11. Stock market prices is NOT a step to
Marketing Intelligence
STOCK MARKET PRICES is a Market Intelligence
Market intelligence exploit open-source information
gathered from global markets that solely relies on
stock market or financial data
Marketing intelligence is concerned w/ assessing
marketplace for consumer products
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12. 3. Which of the following is NOT a step in
improving quality of marketing intelligence.
A. Network externally
B. Government data sources
C. Purchase information
D. Stock market prices
E. Customer advisory panel
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13. 4. Easycall and Pocketbell
beepers/pagers is an example of ________.
A. Trend
B. Fad
C. Need
D. Megatrend
E. Want
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14. Definition of Concepts:
Trend Sequence of events, predictable & durable
Unpredictable, short-lived & w/out social, Fad
economic & political significance
Need Essential matter, the basics of life
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15. Definition of Concepts:
Megatrend Large social, economic, political &
technological changes are slow to form
Increase one’s quality of life (e.g. luxury). It
Want
also satisfy the needs.
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16. Definition of Concepts:
Pagers are example of FADS
because it entered
successfully in the market but
due to emerging innovation of
technology it’s not anymore
seen in the market.
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17. 4. Easycall and Pocketbell
beepers/pagers is an example of ________.
A. Trend
B. Fad
C. Need
D. Megatrend
E. Want
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18. 5. ___________ is a marketing environment that
shows population age mix, shifting family
profiles, geographic population shifts
A. Demographic
B. Economic
C. Natural
D. Technological
E. Legal-political
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19. Demographic Environment keenly
monitors population
Population growth Geographical shifts
Major opportunities thru Migratory Movements
careful analysis
Population age mix
Household patterns
Focus on cohorts that have
“defining moments” that will Traditional & Non-
influence their buying behavior traditional household
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20. 5. ___________ is a marketing environment that
shows population age mix, shifting family
profiles, geographic population shifts
A. Demographic
B. Economic
C. Natural
D. Technological
E. Legal-political
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21. 6. ________shapes the beliefs, values & norms
that largely define tastes & preferences.
A. Environment
B. Economy
C. Society
D. Religion
E. Politics
21
22. Society = define consumer taste &
preferences
Society
Beliefs Values Norms
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23. 6. ________shapes the beliefs, values & norms
that largely define tastes & preferences.
A. Environment
B. Economy
C. Society
D. Religion
E. Politics
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24. 7. ___________ is a marketing environment that
determines the purchasing power that have a
strong impact on business.
A. Demographic
B. Economic
C. Natural
D. Technological
E. Legal-political
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26. 7. ___________ is a marketing environment that
determines the purchasing power that have a
strong impact on business.
A. Demographic
B. Economic
C. Natural
D. Technological
E. Legal-political
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27. 8. ___________ is the recognition of the
importance of environmental issues facing the
firms and the integration of those issues into
the firm’s strategic plans.
A. Corporate Environmentalism
B. Consumer Environmentalism
C. Technological Environmentalism
D. Cultural Environmentalism
E. None of the Above
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28. Corporate Environmentalism
Kotler define it as the recognition of the
importance of environmental issues facing
the firm & the integration of those issues
into firm’s strategic business plans.
Example: firms create biodegradable/recyclable
packaging products & still meets consumer
demand.
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29. 8. ___________ is the recognition of the
importance of environmental issues facing the
firms and the integration of those issues into
the firm’s strategic plans.
A. Corporate Environmentalism
B. Consumer Environmentalism
C. Technological Environmentalism
D. Cultural Environmentalism
E. None of the Above
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30. 9. It is the trend in technological environment
that the government has the power to
investigate and ban unsafe products.
A. Pace of Change
B. Opportunities for Innovation
C. Varying R&D budgets
D. Regulation of Technological change
E. All of the Above
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31. Technological Environment trends
Pace of change Building smarter chips
Opportunities
for innovation Robotics, computers, etc
Expenditures for
Varying R&D
improvements of style or
budgets
feature
Increased Investigate & ban unsafe
regulation of products
change
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32. BFAD (Bureau of Food and Drugs)
BFAD is an example of the regulators that develops plan,
policies, programs and strategies for regulating processed
foods, drugs and related products.
32
33. 9. It is the trend in technological environment
that the government has the power to
investigate and ban unsafe products.
A. Pace of Change
B. Opportunities for Innovation
C. Varying R&D budgets
D. Regulation of Technological change
E. All of the Above
33
34. 10. What are the main purpose of business
legislation?
A. To protect companies from unfair competition
B. To protect consumers from unfair business
practices
C. To protect interest of society from unbridled
business behavior
D. To charge business w/ social costs
E. All of the Above
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35. Business legislation is part of the
political-legal environment
Increase in
Business
legislation
Main purpose: Protection towards unfair business practices,
unfair competition, interests & social cost.
Companies must establish legal review procedures to guide
business establish ethical parameters in the industry.
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36. 10. What are the main purpose of business
legislation?
A. To protect companies from unfair competition
B. To protect consumers from unfair business
practices
C. To protect interest of society from unbridled
business behavior
D. To charge business w/ social costs
E. All of the Above
36
37. TOP 10 Learning Questions for
Chapter 3: Gathering Information
& Scanning the Environment
Marie Ness R. Cabahug
September 16, 2011