Which of the Following Statements About Future Trends in Marketing

question 66

Multiple Choice

Which of the following statements about future trends in marketing is True?

• A) Marketers should welcome international competition because it will speed the adoption of marketing innovations that improve people's lives.
• B) Marketers need to recognize the power that technology gives consumers.
• C) Marketers need to be aware of their responsibilities to the broader society.
• D) Marketers must be sensitive to consumers' rights and privacy.
• E) All of the above.

Describe the phases in the rational model of decision-making and identify what phases are not included.

Recognize the implications of the "economic man" theory in decision-making.

Understand the role of standard operating procedures and how they influence decision-making in organizations.

Explain the importance of involving a range of stakeholders in the decision-making process to ensure quality and innovation.

---

Definitions:

Uniform Acts

Model statutes drafted by legal experts to promote uniformity and consistency in state laws on certain subjects across the United States.

Treaty

A formally negotiated and ratified agreement between or among countries.

Convention

A formal agreement between states, often a treaty, or a large meeting or conference, especially of members of a profession or a political party.

Treaty Conflicts

Situations where provisions or obligations in an international treaty conflict with either another treaty or a country's domestic laws.