EBK MARKETING
10th Edition
ISBN: 9780135209783
Author: Stuart
Publisher: YUZU
expand_more
expand_more
format_list_bulleted
Question
Chapter 2, Problem 7QA
Summary Introduction
To determine:The meaning of technological and sociocultural environments as per the marketers. The marketers’ need to understand these environments need to explained as well.
Introduction: Sociocultural environment refers to the immediate physical and social setting of the society in which the individual lives.Technological environment refers to the state of technology and science in the country and other related components.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
Ethical decision making includes several influential factors, Except
Question 15Answer
a.
Extent of problems
b.
Probability of Harm
c.
Social consensus
d.
All of the above
e.
Top management actions
_____ is the strategy of increasing sales by introducing new products into new markets.
Question 10Answer
a.
Product penetration
b.
Market penetration
c.
Product development
d.
Product development
Go to the following link: Forbes TOP companies with the Best CSR reputations.
https://www.forbes.com/sites/vickyvalet/2018/10/11/the-worlds-most-reputable-companies-for-corporate-responsibility-2018/#480e6d813371
Be prepare to share your findings in class. Please write your answers in complete sentences.
Choose an organization with best CSR
Visit the organizations website and copy link to their website below
Does the company have a societal marketing orientation, or is it a company that is known solely for their corporate giving? Explain.
How is this company practicing CSR? Provide examples
Discuss how customers would know this company is a socially responsible company by looking at their website. Please provide examples of your findings below.
Knowledge Booster
Similar questions
- 1. Explain the role of social media in communication? 2. What are the three types of communication thru social media? 3. Provide a picture demonstrating one type of social media communication for an organization of your choicearrow_forwardFind a commercial of your choice on YouTube. www.youtube.com (Make sure it is appropriate). Tell me about the target market of your organizations marketing mix. Copy the video link here: Who is the organization? What is the product or service? Who is the specific demographic for your target market? List all and give me a brief explanation how you came to your conclusion. Example: Teens? Generation x? Y? Baby boomers? Who? Are there any social factors that influence the specific market? Are there any ethnic factors? Are there any economic factors? Are there any political and legal factors? Example: FDA regulations?arrow_forwardAlmost since the foundation of the Girl Scouts of the United States of America in 1912, cookie sales have played a major role in supporting the Girl Scouts organization at the council and troop levels. By now, cookie sales have grown into a major moneymaking operation, bringing in over $714 million per year. Recent years, however, have seen cookie sales lagging with nearly six years of year over-year declines of about 1 percent each until the trend reversed last year. The recent economic downturn hasn’t helped matters either. After a restructuring of its operations in 2004, the Girl Scouts have made several changes to the program that they hope will help spark sales and create cost-saving opportunities. This year, Girl Scout troops will be selling cookie boxes at $4 even, up from the $3.50 price tag mandated in 2006. Before that, local councils were allowed to set their own prices, resulting in price wars as some troops attempted to undercut each other to increase sales. Portions on…arrow_forward
- Rae, M., (2021). Building ethical supply chains: The case of H&M in China. In SAGE Business Cases.Links to an external site. SAGE Publications, Ltd. create a 2–4-minute word document to video record discussing the details for the assignment noted below. Be creative and use effective communication skills. Post the references used as a separate Word document. Make sure you structure your video in the following manner: Introduction Provide a brief case summary Situation Describe the details of the situation, making sure to include information on who, what, why, when, and how. You need to bridge the gap between one’s knowledge and the ability to form a hypothesis. Problems - Identify and provide a thorough explanation of the perceived and underlying problems, as well as the potential long-term effects. Alternatives - Discuss alternatives or strategies that the company could implement. Include more than one alternative, detailing the advantages/disadvantages of each and…arrow_forwardPart 2 of your Marketing Plan Sections 1-5 of your Portfolio Project were completed in Module 2's Portfolio Milestone 1. This is the second part of the marketing plan Portfolio Project that will be submitted in Module 7. Here you will complete the strategic analysis of Vietnam and the AI-powered smart standing desk. You will explore the external and internal environment where the organization would operate and determine the option entry mode into this market. Part two of your plan should include all of the following areas: Local and Global Competitors Identify existing local companies that you will be competing against How are they positioned? Identify if other global companies are present in this market How are they positioned? Do you feel that you need to adapt your positioning to this market in order to compete directly against them? Situation Analysis Now that you have acquainted yourself with the international market you considering expanding to, it is time to conduct an…arrow_forwardPart 2 of your Marketing Plan Sections 1-5 of your Portfolio Project were completed in Module 2's Portfolio Milestone 1. This is the second part of the marketing plan Portfolio Project that will be submitted in Module 7. Here you will complete the strategic analysis of Vietnam and the AI-powered smart standing desk. You will explore the external and internal environment where the organization would operate and determine the option entry mode into this market. Part two of your plan should include all of the following areas: Local and Global Competitors Identify existing local companies that you will be competing against How are they positioned? Identify if other global companies are present in this market How are they positioned? Do you feel that you need to adapt your positioning to this market in order to compete directly against them? Situation Analysis Now that you have acquainted yourself with the international market you considering expanding to, it is time to conduct an…arrow_forward
- read the attached article (linked above). This article from Wall Street Journal written in August 2020 is a very interesting look at why there were still paper towel shortages at that point in time. This article focuses on issue of forecasting consumer demand, lean manufacturing and inventory control practices in supply chains. The figures in this article are especially well done and very illustrative. After reading the answer the following questions: What are your Top 3 key takeaways from the article about the challenges inherent in forecasting consumer demand? What lessons can manufacturers and retailers learn from this experience? How can current practices be improved?arrow_forwardMany global retailers target China, India and emerging markets. What are some of the ethical implications that might arise for global retailers? Select one of the ethical issues to comment on.arrow_forwardMarketing to the Bottom of the Pyramid (BOP) Review the Marketing to the Bottom of the Pyramid case study. This case can be found in the “Case” section of your required textbook. As a junior member of your company’s committee to explore new markets, you have received a memo from the chairperson telling you to be prepared at the next meeting to discuss key questions that need to be addressed if the company decides to look further into marketing to the BOP segment. Compile a PowerPoint presentation that you will deliver at the next meeting to underpin a set of general guidelines to use in developing a strategy for any one of the company’s products to be marketed to the “aspirational poor.” These guidelines do not need to be company or product specific, and can almost resemble a checklist of questions that the company could use as a starting point in evaluating the potential of a specific BOP marketing segment for one of its products. Be sure to incorporate concepts from the case study,…arrow_forward
- In your own. Describe below: 1.What is marketing? 2.How do consumers engage in relationship marketing? What strategies can be used to successfully improve relationship marketing? 3.As a customer, what are your value requirements for customer satisfaction? 4.What are some of the key differences between sales and market orientation? 5.Why is marketing important and how does it play an important role in your life?arrow_forwardAdapted from: (Case 18. Nando’s International: Taking chicken to the world. Re-printed with the kind permission of De WitsBusiness School. http://cws.cengage.co.uk/hoffman/students/cases16-18/case_18.pdf) Critically discuss the role of Strategic Alliances and Joint Ventures in global marketing strategy with reference to Nando’s.Demonstrate how Nando’s can ensure that these partnerships align with their corporate culture, values, and long-termstrategic objectives. Ground your discussion in relevant strategic management models such as Transaction CostEconomics (TCE).arrow_forwardWhich of the following questions that an audience may ask focuses on logic? a. What is your background and experience? b. How do I know I can trust you? c. How can I verify this information? d. Who benefits from this proposal?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
MarketingMarketingISBN:9780357033791Author:Pride, William MPublisher:South Western Educational Publishing
Contemporary MarketingMarketingISBN:9780357033777Author:Louis E. Boone, David L. KurtzPublisher:Cengage Learning
Foundations of Business (MindTap Course List)MarketingISBN:9781337386920Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...MarketingISBN:9781285193946Author:William M. Pride, Robert J. Hughes, Jack R. KapoorPublisher:Cengage Learning
Marketing
Marketing
ISBN:9780357033791
Author:Pride, William M
Publisher:South Western Educational Publishing
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning