Question 1

The total market value of goods and services provided in a country's economy per year by both residents and nonresidents of that country is its gross
A)domestic product.
B)national product.
C)national income.
D)domestic income.
E)disposable income.

Accepted Answer

Gross domestic product (GDP)is the total market value of all goods and services provided in a country's economy in a year by both residents and nonresidents of that country.

Question 2

Which of the following statements about population growth is true?
A)The world's population growth varies dramatically from country to country.
B)Between 2013 and 2025,population growth will be about 9 percent in the United States and 3 percent in China.
C)The population of Ethiopia and Nigeria will likely increase by 35 percent or more between 2013 and 2025.
D)All these answers are correct.

Accepted Answer

The world's population is growing fast,but that population growth varies dramatically from country to country.Between 2013 and 2025,population is projected to grow more than 35 percent in Ethiopia and Nigeria.During this same period,growth will be about 9 percent in the United States and 3 percent in China.

Question 3

Which of the following is LEAST likely a result of shifts in the cultural and social environment?
A)Domino's Pizza finds that demand for pizza delivered at home has expanded as more consumers are willing to pay for more convenience.
B)A toy manufacturer recalls a playpen with a defective latch,and Toys 'R' Us stores removes the playpens from the shelf.
C)Haagen-Dazs introduces a nonfat yogurt that is also "low cal."
D)Sony recruits more women graduates for sales management positions.
E)BMW builds its new plant in South Carolina because of the willingness of "Sun Belt" workers to put in a "full day's work."

Accepted Answer

The example of the toy manufacturer recalling a playpen is part of the legal environment.

Question 4

Which of the following is an example of the cultural and social environment?
A)growing acceptance of women in business
B)growing popularity of exercise
C)increased desire for satisfaction with life
D)All these answers are correct.

Accepted Answer

Many variables make up the cultural and social environment.Some examples are the languages people speak; the type of education they have; their religious beliefs; what type of food they eat; the style of clothing and housing they have; and how they view work,marriage,and family.

Question 5

According to estimates,which of the following countries has 100 percent literacy?
A)Norway
B)Singapore
C)Italy
D)India
E)Brazil

Accepted Answer

As shown in Exhibit 3-4,Norway has 100 percent literacy.

Question 6

Consumer emphasis on fitness has created opportunities for firms like Nike,Nautilus,and Schwinn,and illustrates the impact of the changing
A)technological environment.
B)economic environment.
C)competitive environment.
D)cultural and social environment.
E)political and legal environment.

Accepted Answer

Many variables make up the cultural and social environment.Some examples are the languages people speak; the type of education they have; their religious beliefs; what type of food they eat; the style of clothing and housing they have; and how they view work,marriage,and family.Fitness is a variable in this environment,also.

Question 7

Which of the following countries is likely to see a population decline from 2013 to 2025?
A)Germany
B)Canada
C)United States
D)United Kingdom
E)China

Accepted Answer

The answer of Which of the following countries is likely...

Question 8

Which of the following countries has the fastest projected population growth between 2013 and 2025?
A)United Kingdom
B)Canada
C)Germany
D)United States
E)Ethiopia

Accepted Answer

Between 2013 and 2025,the population is projected to grow more by 39 percent in Ethiopia.

Question 9

The recent interest in physical fitness has forced producers of food,clothing,and other products to reconsider their marketing strategies.Which of the following does this trend illustrate?
A)economic and technological environments
B)cultural and social environment
C)existing business situation
D)political and legal environment
E)resources and objectives of the firm

Accepted Answer

Many variables make up the cultural and social environment.Some examples are the languages people speak; the type of education they have; their religious beliefs; what type of food they eat; the style of clothing and housing they have; and how they view work,marriage,and family.Physical fitness is a variable in this environment,also.

Question 10

Which of the following statements about world population trends is true?
A)In general,countries that have higher stages of development experience faster rates of growth than less-developed countries.
B)The extent to which a country's population is clustered around urban areas does not vary much from country to country.
C)People are moving from rural areas into urban areas.
D)The trend toward urbanization has made companies less interested in international markets.
E)The concentration of people in major cities often complicates Place and Promotion decisions.

Accepted Answer

Just 50 years ago about two-thirds of the world's population lived in rural areas.Today about half live in urban areas as more people move to cities for better job opportunities.

Question 11

Few people in Europe diet; so the same soft drink that PepsiCo sells in the U.S.under the brand name of "Diet Pepsi" is sold in England under the brand name of "Pepsi MAX." This is an example of which area of the external market environment?
A)competitive
B)legal
C)cultural and social
D)political
E)economic

Accepted Answer

Many variables make up the cultural and social environment.Some examples are the languages people speak; the type of education they have; their religious beliefs; what type of food they eat; the style of clothing and housing they have; and how they view work,marriage,and family.

Question 12

The greatest growth in the world's population over the next several years will come from
A)Western Europe.
B)Africa.
C)Australia.
D)Eastern Europe.
E)Russia and nations of the former Soviet bloc.

Accepted Answer

Between 2013 and 2025,population is projected to grow 35 percent or more in Ethiopia and Nigeria.

Question 13

According to projections,the population of ________ is likely to grow by 9 percent between 2013 and 2025.
A)Japan
B)Russia
C)Singapore
D)China
E)the United States

Accepted Answer

Between 2013 and 2025,population growth will be about 9 percent in the United States.

Question 14

Which of the following statements about population density is true?
A)High population density occurs only in highly developed economies.
B)Some Western European and Asian urban areas are more crowded than U.S.urban areas.
C)The United States is the only country with crowded urban areas.
D)There is a worldwide movement back to rural areas.
E)None of these statements is true.

Accepted Answer

The answer of Which of the following statements about population...

Question 15

According to projections,the population of ________ is likely to grow by 9 percent between 2013 and 2025.
A)Japan
B)Russia
C)the United States
D)China
E)Egypt

Accepted Answer

Between 2013 and 2025,population growth will be about 9 percent in the United States.

Question 16

If you go into a restaurant in Vienna,Austria,and ask for a Diet Coke,the waiter may have no idea what you are ordering.This is an example of which area of the external market environment?
A)political
B)cultural and social
C)legal
D)economic
E)competitive

Accepted Answer

Many variables make up the cultural and social environment,including the types of food that different people eat.

Question 17

Which of the following countries has the highest population density?
A)Switzerland
B)United States
C)Australia
D)Singapore
E)Bangladesh

Accepted Answer

As shown in Exhibit 3-4,Singapore has the highest population density.

Question 18

A marketing analyst for a chicken processor reports that a rising percentage of people are eating chicken because it has less fat than beef.Clearly,this firm's opportunities may improve with this change in the
A)technological environment.
B)cultural and social environment.
C)economic environment.
D)political and legal environment.
E)competitive environment.

Accepted Answer

Many variables make up the cultural and social environment.Some examples are the languages people speak; the type of education they have; their religious beliefs; what type of food they eat; the style of clothing and housing they have; and how they view work,marriage,and family.

Question 19

One hundred percent of which country's population was in urban areas in 2013?
A)United States
B)Singapore
C)United Kingdom
D)Germany
E)Italy

Accepted Answer

As shown in Exhibit 3-4,100 percent of Singapore's population was in urban areas.

Question 20

Which of the following statements about population density and population growth is NOT correct?
A)Population density is important to marketers.
B)In Ethiopia,more than 85 percent of people live in urban areas.
C)People everywhere are moving from rural areas to urban areas.
D)Population is very spread out in many of the African countries.
E)The population growth rate is higher in the United States than in China.

Accepted Answer

In Ethiopia,25 percent or less of the population lives in urban areas.

Quiz 3: Evaluating Opportunities in the Changing Market Environment

The total market value of goods and services provided in a country's economy per year by both residents and nonresidents of that country is its gross

Which of the following statements about population growth is true?

Which of the following is LEAST likely a result of shifts in the cultural and social environment?

Which of the following is an example of the cultural and social environment?

According to estimates,which of the following countries has 100 percent literacy?

Consumer emphasis on fitness has created opportunities for firms like Nike,Nautilus,and Schwinn,and illustrates the impact of the changing

Which of the following countries is likely to see a population decline from 2013 to 2025?

Which of the following countries has the fastest projected population growth between 2013 and 2025?

The recent interest in physical fitness has forced producers of food,clothing,and other products to reconsider their marketing strategies.Which of the following does this trend illustrate?

Which of the following statements about world population trends is true?

Few people in Europe diet; so the same soft drink that PepsiCo sells in the U.S.under the brand name of "Diet Pepsi" is sold in England under the brand name of "Pepsi MAX." This is an example of which area of the external market environment?

The greatest growth in the world's population over the next several years will come from

According to projections,the population of ________ is likely to grow by 9 percent between 2013 and 2025.

Which of the following statements about population density is true?

According to projections,the population of ________ is likely to grow by 9 percent between 2013 and 2025.

If you go into a restaurant in Vienna,Austria,and ask for a Diet Coke,the waiter may have no idea what you are ordering.This is an example of which area of the external market environment?

Which of the following countries has the highest population density?

A marketing analyst for a chicken processor reports that a rising percentage of people are eating chicken because it has less fat than beef.Clearly,this firm's opportunities may improve with this change in the

One hundred percent of which country's population was in urban areas in 2013?

Which of the following statements about population density and population growth is NOT correct?