Match Each Definition to the Corresponding Term

question 4

Multiple Choice

Match each definition to the corresponding term.
-The component of the marketing environment that consists of laws that require firms to protect consumer rights is referred to as the _____.

• A)environmental scanning
• B)environmental management
• C)competitive environment
• D)time-based competition
• E)economic environment
• F)demarketing
• G)consumerism
• H)marketing ethics
• I)social responsibility
• J)green marketing
• K)oligopoly
• L)gross domestic product
• M)planned obsolescence
• N)inflation
• O)socially responsible marketing
• P)political-legal environment
• Q)VoIP
• R)discretionary income
• S)antitrust
• T)strategic alliance

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Definitions:

People's Opinions

The beliefs or views held by individuals or groups about specific topics or issues.

Face-to-Face Interaction

Direct communication or exchange between people who are physically present with each other.

Expanding Schema

The process of adjusting one's mental framework to incorporate new experiences or information.

Recategorization

The cognitive process of reclassifying or redefining objects, situations, or concepts into new categories, often to reduce prejudice or cognitive dissonance.