Match Each Definition to the Corresponding Term

question 92

Multiple Choice

Match each definition to the corresponding term.
-The factors that influence consumer buying power and marketing strategies are part of the _____ of a market.

• 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:

Saving

The portion of income not spent on consumption or taxes and is typically set aside for future use or emergencies.

Protectionist Policies

Protectionist policies are governmental actions and policies that restrict or restrain international trade, often with the intent of protecting local businesses and jobs from foreign competition.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, indicating a net outflow of domestic currency to foreign markets.

Foreign Assets

Assets held in a country by foreign residents and businesses, which can include stocks, bonds, real estate, and other types of investments.