Chapter 3 Flashcards
1
Q
What are the 3 factors marketers must consider that affect consumers’ MICROenvironment?
A
Company
Competition
Corporate Partners
2
Q
What are the 6 factors marketers must consider that affect consumers’ MACROenvironment?
A
Culture
Demographics
Social/Natural Trends
Technology
Economic
Political/Legal
3
Q
What are some examples of demographics?
A
Age
Gender
Income
race
Ethnicity
4
Q
What the four generational cohorts and their respective birth years listed in the textbook?
A
Baby Boomers (1946 - 1964)
Generation X (1965 - 1981)
Generation Y (1982 - 1991)
Generation Z / Digital Natives (After 1991)