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Marketing 4th Edition Grewal Solutions Manual 1
Marketing 4th Edition Grewal Solutions Manual 1
Chapter 5
Analyzing the Marketing Environment
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution 5-1
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Chapter 5 - Analyzing the Marketing Environment
LEARNING OBJECTIVES
LO1. Outline how customers, the company, competitors, and corporate partners affect
marketing strategy.
LO2. Explain why marketers must consider their macroenvironment when they make
decisions.
LO3. Describe the differences among the various generational cohorts.
LO4. Identify various social trends that impact marketing.
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution 5-2
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Chapter 5 - Analyzing the Marketing Environment
Outline how customers, the company, competitors, and corporate partners affect
marketing strategy?
Everything a firm does should revolve around the customer; without the customer,
nothing gets sold. Firms must discover their customers’ wants and needs and then be able
to provide a valuable product or service that will satisfy those needs. If there were only
one firm and many customers, a marketer’s life would be a piece of cake. But because
this situation rarely occurs, firms must monitor their competitors to discover how they
might be appealing to their customers. Without competitive intelligence, a firm’s
customers might soon belong to its competitors. However, through marketing, life
certainly would be easier without competitors, it would be difficult, if not impossible,
without corporate partners. Good marketing firms work closely with their suppliers,
marketing research firms, consultants, and transportation firms to coordinate the
extensive process of discovering what customers want and getting it to them when and
where they want it. Each of these activities—discovering customer needs, studying
competitive actions, and working with corporate partners—helps add value to firms’
products and services.
Explain why marketers must consider their macroenvironment when they make
decisions.
What are the chances that a fast-food hamburger restaurant would be successful in a
predominantly Hindu neighborhood? Not good. Marketers must be sensitive to such
cultural issues to be successful, and they must also consider customer demographics—
age, income, market size, education, gender, and ethnicity— to identify specific customer
target groups. In any society, major social trends influence the way people live. In no
other time in history has technology moved so rapidly and had such a pervasive influence
on the way we live. Not only do marketers help identify and develop technologies for
practical, everyday uses, but technological advances help marketers provide consumers
with more products and services more quickly and efficiently. The general state of the
economy influences how people spend their discretionary income. When the economy is
healthy, marketing success comes relatively easily. But when the economy gets bumpy,
only well-honed marketing skills can yield long-term successes. Naturally, all firms must
abide by the law, and many legal issues affect marketing directly. These laws pertain to
competitive practices and protecting consumers from unfair or dangerous products.
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution 5-3
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Chapter 5 - Analyzing the Marketing Environment
Social trends have a tremendous impact on what consumers purchase and consume.
Understanding these trends—such as thrift, health and wellness, green marketing, privacy
issues, and the time-poor society—can help marketers serve their customers better.
Check Yourself: Several questions are offered for students to check their understanding
of core concepts.
What are the components of the immediate environment? (PPT slide 5-10)
Answer: The components of the immediate environment are the company’s
capabilities, competitors, and competitive intelligence, and the company’s
corporate partners.
1. Country Culture
2. Regional Culture
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution 5-4
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
Chapter 5 - Analyzing the Marketing Environment
Check Yourself: Several questions are offered for students to check their understanding
of core concepts. (PPT slide 5-30)
What are some important social trends shaping consumer values these days?
Answer: The green movement, privacy concerns, time-poor lifestyles, and
responsible marketing to children are some important social trends shaping
consumer values these days.
© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution 5-5
in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.
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II. Plato; vagy: a Filozófus 37
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IV. Swedenborg; vagy: a Misztikus 81
V. Montaigne; vagy: a Szkeptikus 125
VI. Shakespeare; vagy: a Költő 156
VII. Napoleon; vagy: a Világ embere 182
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