192. Buying and selling are:
the two exchange functions of marketing.
physical distribution functions.
exchange and distribution functions, respectively.
distribution and exchange functions, respectively.
beliefs or customs taught by one generation to the next, often orally.
the social causes promoted by the company.
established patterns of behavior that can be objectively verified within a particular social setting.
the moral standards of behavior expected by society.
194. Which of the following statements is true regarding marketing myopia?
A firm who focuses on product orientation endangers future growth
Firms who apply a customer orientation are in danger of lower levels of profiability
Failure to recognize the impact of social media can lead to myopia
Marketing myopia only applies to companies with a physical or tangible product
Indicate one or more answer choices that best complete the statement or answer the question.
195. The newly elected president of a low-resourced, developing nation has hired marketing consultants to help his
country. Realistically, what can he expect the marketers to do?
Reduce income inequality.
Improve energy efficiency.
Obtain loans from the World Bank and other global institutions.
Get insight into the needs and wants of citizens.
Improve the country’s image to attract international investment.
196. You are the director of a health and wellness center which was successfully launched by using only marketing tools
and techniques developed during the social era. Now that the business is established, the owner wants you to experiment
with other approaches. Which of the following would respond correctly to her request?
Recruiting a nutritionist to blog on your website.
Offering a mobile pay app for members.
Creating a retail section in the center to sell workout clothes.
Offering discounts on dues and merchandise to long-term members.
Hiring an efficiency expert to reduce operating expenses.
197. In your recent performance review, you were advised to sharpen your skills in managing the facilitating functions of
marketing. You will begin by paying extra attention to which of the following activities?
Building relationships with wholesalers and retailers.
Evaluating studies of your customers’ needs and wants.
Assessing the effectiveness of different advertising themes.
Pursuing access to new sources of funds to finance inventories.
Understanding government standards for grading and quality control.