MAR 3023 CHAPTER 1-3 EXAM
QUESTIONS WITH CORRECT
ANSWERS
What is the most common gauge of the overall expansion or contraction of an
economy? - Answer- Gross Domestic Product
Which strategy caters to the sociocultural factor of busier families in America? - Answer-
The launch of online ticket-booking options.
Metro FM and Star are radio stations in direct competition with each other. The target
audience for both radio stations is the same, with most of the stations' income coming
from commercials. Which of the following strategies can Star use to differentiate its
services from Metro FM? - Answer- It can offer content that is not available on Metro
FM.
Assuming that a kilo of corn sold for $1 in 2010 and $3 and 2018, which of the following
can be inferred? - Answer- The purchasing power of the consumers has decreased.
Which statement is true about various demographics in the United States? - Answer-
Seniors are more likely to complain and require more attention than their younger
counterparts.
A recession occurs when a nation's GDP - Answer- declines for two or more
consecutive quarters.
Marketers are attracted to countries with a growing middle class because a nation's -
Answer- purchasing capability tends to increase as the proportion of middle-income
households increases.
One of the functions of the International Money Fund is to - Answer- help member
countries manage their debt by providing resources to them.
If the economy of a country contracts and people lose jobs - Answer- consumer
confidence decreases.
QUESTIONS WITH CORRECT
ANSWERS
What is the most common gauge of the overall expansion or contraction of an
economy? - Answer- Gross Domestic Product
Which strategy caters to the sociocultural factor of busier families in America? - Answer-
The launch of online ticket-booking options.
Metro FM and Star are radio stations in direct competition with each other. The target
audience for both radio stations is the same, with most of the stations' income coming
from commercials. Which of the following strategies can Star use to differentiate its
services from Metro FM? - Answer- It can offer content that is not available on Metro
FM.
Assuming that a kilo of corn sold for $1 in 2010 and $3 and 2018, which of the following
can be inferred? - Answer- The purchasing power of the consumers has decreased.
Which statement is true about various demographics in the United States? - Answer-
Seniors are more likely to complain and require more attention than their younger
counterparts.
A recession occurs when a nation's GDP - Answer- declines for two or more
consecutive quarters.
Marketers are attracted to countries with a growing middle class because a nation's -
Answer- purchasing capability tends to increase as the proportion of middle-income
households increases.
One of the functions of the International Money Fund is to - Answer- help member
countries manage their debt by providing resources to them.
If the economy of a country contracts and people lose jobs - Answer- consumer
confidence decreases.
