Regarding the Laws That Place Limits on Marketing Activity

question 23

Multiple Choice

Regarding the laws that place limits on marketing activity:

• A) Managers who ignore consumer attitudes may cause new laws to be enacted or existing laws to be modified.
• B) Some existing laws may need to be modified or enforced more carefully instead of adding new laws.
• C) Strict enforcement of existing laws and heavy penalties could have far-reaching effects on the macro-marketing system.
• D) Laws set the minimum standards for ethical behavior as defined in a society.
• E) All of these alternatives are correct.

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Definitions:

Sale of Land

A legal transaction where ownership of a piece of real estate is transferred from the seller to the buyer, according to agreed terms.

Real Property

Land and anything permanently attached to it, such as buildings and structures, recognized by law.

One-Year Rule

A legal principle stating certain contracts must be in writing if they cannot be performed within one year.

Oral Promise

A commitment or agreement conveyed through spoken words rather than in written form, which may or may not be legally binding.