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Thomson Nelson > Higher Education >  Foundations of Marketing, 8th Edition >Test Yourself >Chapter 2

TEST YOURSELF

Chapter 2: The Environment for Marketing Decisions

Essay Questions

  1. Suppose you are the marketing manager of a cereal product, like Kellogg’s Corn Flakes. List all of the formal and informal sources of environmental information cited in the text. Then choose three that you think might be particularly useful for gathering information on the cereal market and explain why you selected them.

  2. Traditional economic analysis views competition as a battle among direct or indirect competitors. Discuss why marketers should take the position that competition can be even broader and include any organization that competes for the consumer’s purchases.

  3. Some marketers have been “seduced by technology;” i.e., they have developed new products or changed existing ones because of technological advances rather than because of customer need. Select and discuss an example of a product or product improvement that you believe was changed solely for technological reasons.

  4. Canada values multiculturalism and encourages ethnic groups to be proud of and enjoy their cultural heritages. Select two ethnic groups and list some of their distinctive characteristics that might cause marketers to develop separate marketing programs for them.

  5. Discuss whether undertaking more aggressive marketing approaches during periods of lessened buying interest (e.g. during recessionary periods) is appropriate for a firm that claims to be market-oriented, or whether it is actually a form of sales orientation.

  6. Explain what resale price maintenance is and why it is illegal in Canada under the Competition Act.

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