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TOP 10 Learning Questions for


 Chapter 3: Gathering Information
   & Scanning the Environment

         Marie Ness R. Cabahug
          September 16, 2011
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
Marketing Information System
         MIS consists of:




people
                            procedures


           equipment

                                         3
Marketing Information System
    In order to:




               sort
gather                   analyze & evaluate        distribute

    Accurate information to marketing decision makers


                                                          4
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
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




                                                   6
Internal Records and Marketing
      Intelligence = spot vital opportunities &
      problems



Order-to-Payment                     Sales Information
      Cycle                               System




  Databases,
 Warehousing,                              Marketing
 Data Mining                         Intelligence System



                                                    7
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




                                                   8
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




                                              9
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



                                                 10
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

                                                    11
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




                                              12
4.     Easycall       and     Pocketbell
     beepers/pagers is an example of ________.

A.   Trend
B.   Fad
C.   Need
D.   Megatrend
E.   Want




                                          13
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




                                                             14
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.




                                                            15
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.




                                           16
4.     Easycall       and     Pocketbell
     beepers/pagers is an example of ________.

A.   Trend
B.   Fad
C.   Need
D.   Megatrend
E.   Want




                                          17
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




                                               18
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

                                                   19
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




                                                20
6. ________shapes the beliefs, values & norms
     that largely define tastes & preferences.


A.   Environment
B.   Economy
C.   Society
D.   Religion
E.   Politics




                                               21
Society = define consumer taste &
preferences

               Society



 Beliefs       Values         Norms




                                      22
6. ________shapes the beliefs, values & norms
     that largely define tastes & preferences.


A.   Environment
B.   Economy
C.   Society
D.   Religion
E.   Politics




                                               23
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




                                               24
Economic Environment determines
purchasing power
         Income                      Debt



                  Purchasing Power
Prices
                                       Credit

                  Savings



                                                25
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




                                               26
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




                                               27
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.



                                                  28
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




                                               29
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




                                                30
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
                                            31
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
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
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


                                                     34
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.




                                                              35
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
TOP 10 Learning Questions for


 Chapter 3: Gathering Information
   & Scanning the Environment

         Marie Ness R. Cabahug
          September 16, 2011

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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
  • 3. Marketing Information System MIS consists of: people procedures equipment 3
  • 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 6
  • 7. Internal Records and Marketing Intelligence = spot vital opportunities & problems Order-to-Payment Sales Information Cycle System Databases, Warehousing, Marketing Data Mining Intelligence System 7
  • 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 8
  • 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 9
  • 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 10
  • 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 11
  • 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 12
  • 13. 4. Easycall and Pocketbell beepers/pagers is an example of ________. A. Trend B. Fad C. Need D. Megatrend E. Want 13
  • 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 14
  • 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. 15
  • 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. 16
  • 17. 4. Easycall and Pocketbell beepers/pagers is an example of ________. A. Trend B. Fad C. Need D. Megatrend E. Want 17
  • 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 18
  • 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 19
  • 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 20
  • 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 22
  • 23. 6. ________shapes the beliefs, values & norms that largely define tastes & preferences. A. Environment B. Economy C. Society D. Religion E. Politics 23
  • 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 24
  • 25. Economic Environment determines purchasing power Income Debt Purchasing Power Prices Credit Savings 25
  • 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 26
  • 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 27
  • 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. 28
  • 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 29
  • 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 30
  • 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 31
  • 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 34
  • 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. 35
  • 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