There Is a Reasonable Degree of Consensus on Each of the Following

question 27

Multiple Choice

There is a reasonable degree of consensus on each of the following propositions, EXCEPT:

• A)The major effect of new technologies is to transform existing jobs.
• B)High technology creates few jobs relative to the number of jobs it destroys.
• C)Organizations that effectively use high technology can compete more effectively.
• D)Technological innovations can increase productivity and product quality.
• E)Technological innovations reduce the hierarchy of authority in the workplace.

Comprehend how marketing creates various forms of utility (form, place, time, possession) and its impact on consumer value.

Identify the role of effective marketing in enhancing competition and thereby benefitting society through improved product quality and lower prices.

Grasp the definitions and differences of the utilities created by marketing.

Recognize examples of form, place, time, and possession utilities in practical marketing scenarios.

---

Definitions:

External Factor

Events or circumstances outside an organization that can affect its performance and operations, such as economic conditions or regulatory changes.

Marketing Environment

Refers to the external factors and forces that impact a company's ability to develop and maintain successful transactions and relationships with its target customers.

Technological

Pertaining to technology, the branch of knowledge dealing with engineering or applied sciences.

North American Free Trade Agreement

A trade agreement between Canada, Mexico, and the United States designed to reduce tariff barriers and increase economic cooperation.