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WorksheetsMIcroenvironment
Total questions: 23
Worksheet time: 23mins
All the actors and forces influencing the company’s
ability to transact business effectively with its target
market.
(a)
forces close to the company that
affect its ability to serve its customers
(a)
larger societal forces that affect the
whole microenvironment.
(a)
In designing marketing plans, marketing management must take other company groups, such as top management, finance, research and development (R&D),
purchasing, manufacturing and accounting,
into consideration.
(a)
provide the resources needed to
produce goods and services.
(a)
help the company to promote, sell, and distribute its goods to final buyers.
(a)
the individuals and organizations that buy
goods and services to resell at a profit.
(a)
warehouse, transportation
and other firms that help a company to stock and move
goods from their point of origin to their destinations.
(a)
marketing research firms, advertising agencies, marketing consulting firms and other service providers that help a company to target and promote its products to the right markets
(a)
banks, credit companies and
other businesses that help finance transactions or insure
against the risks associated with the buying and selling of
goods.
(a)
- five types of markets that purchase a
company’s goods and services.
(a)
what are the customers market
(a)
- Individuals or groups that offer a similar product
or a product that can be an alternative to your
product;
(a)
Those businesses offering the same product as
yours.
(a)
Those businesses offering a product that can be an
alternative to your product. These products are
really not the same.
(a)
any group that perceives itself having an interest in a
company’s ability to achieve its objectives.
(a)
influence the company’s ability to obtain funds. Banks, investment houses and stockholders are the principal financial publics.
(a)
are those that carry news, features and editorial
opinion. They include newspapers, magazines and radio and television stations.
(a)
Management must take government developments into account. Marketers must often consult the company’s lawyers on issues of product safety, truth in advertising and other matters.
(a)
A company’s marketing decisions may
be questioned by consumer organizations, environmental
groups, minority groups and other pressure groups.
(a)
Every company has local publics, such as
neighborhood residents and community organizations.
(a)
A company needs to be concerned about the
general public’s attitude towards its products and activities.
The public image of the company affects its buying.
(a)
A company’s internal publics include its workers, managers, volunteers and the board of directors.
(a)
