Which of the Following Is NOT an Example of How

question 64

Multiple Choice

Which of the following is NOT an example of how the economic environment may affect marketing strategy planning?

• A) The price of bicycles is rising because of inflation.
• B) Bicycle manufacturers are finding it difficult to sell from Web sites because shipping an individual bike is very expensive.
• C) Because of exchange rates, imported bikes are cheaper than those made in the United States.
• D) Both bike manufacturers and bike retailers are adjusting their strategies as a result of the recession.
• E) The demand for bikes is increasing because consumers are becoming more health conscious.

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Definitions:

Corrective Action

Measures taken to rectify a problem, error, or deviation from a desired standard or performance.

Control

In management, the process of regulating organizational activities so that actual performance conforms to expected standards and objectives.

Plan of Action

outlines the specific steps or strategies that an individual or organization intends to take to achieve a particular goal or objective.

Foresight

The ability to predict or plan for future events with thoughtful consideration of possible developments and scenarios.