Lesson 7.11.1
7.11.1 External influences on marketing Quiz: OCR Business, Unit 7
20 questions
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Lesson 7.11.1, External influences on marketing: 20 multiple choice questions for the OCR Business (H431), Unit 7: Marketing, written with Revision Ninja.
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The 20 questions
-
Which PESTLE factor includes changes in consumer lifestyle choices and cultural attitudes?
- Political
- Economic
- Technological
- Social
-
How does rising inflation typically affect consumer demand for non-essential goods?
- Has no effect
- Eliminates elasticity
- Decreases demand
- Increases demand
-
Which external influence requires businesses to adapt their marketing to comply with consumer protection laws?
- Economic
- Environmental
- Ethical
- Legal
-
An appreciation of the pound sterling makes UK exports in foreign markets relatively what?
- Tax-free
- More expensive
- Cheaper
- Unchanged
-
Which demographic trend directly increases marketing opportunities for products aimed at older consumers?
- Ageing population
- Rising birth rate
- Urbanisation
- Brain drain
-
What type of external factor is a business addressing when adopting recyclable packaging to reduce waste?
- Technological
- Environmental
- Fiscal
- Political
-
How do increased interest rates usually affect a business's promotional spending budget?
- Fixes spending
- Doubles spending
- Increases budget
- Reduces budget
-
Which technological advancement allows businesses to target consumers with hyper-personalised online advertisements?
- Kaizen
- Delayering
- Big data
- Just-in-time
-
What is the primary risk to a business when a major rival significantly cuts prices?
- Loss of market share
- Increased brand loyalty
- Falling production capacity
- Higher fixed costs
-
Which PESTLE element involves trade tariffs and government subsidies affecting international marketing strategy?
- Ethical
- Technological
- Political
- Social
-
What external influence refers to moral guidelines that shape a business's promotional messages and branding?
- Fiscal policy
- Legal quotas
- Ethical factors
- Monetary policy
-
If a nation's GDP is growing rapidly, what usually happens to overall consumer spending power?
- It increases
- It decreases
- It remains constant
- It drops sharply
-
Which external body in the UK regulates advertising standards to ensure adverts are truthful and non-misleading?
- ACAS
- HMRC
- ASA
- CMA
-
What is the main marketing challenge posed by rapid technological obsolescence?
- Shorter product lifecycles
- Fixed market segmentation
- Higher price elasticity
- Longer product lifecycles
-
A fall in real household disposable income is most likely to reduce sales of which product category?
- Luxury goods
- Basic necessities
- Inferior goods
- Demerit goods
-
Which strategy helps a UK exporter protect marketing profitability against unfavourable exchange rate fluctuations?
- Market penetration
- Currency hedging
- Cost-plus pricing
- Predatory pricing
-
What competitive market structure makes dynamic pricing strategies most common for online retailers?
- E-commerce competition
- Pure monopoly
- State ownership
- Local cartel
-
How does rising consumer concern for fair trade typically affect a firm's promotional strategy?
- Emphasises lowest price
- Promotes mass production
- Focuses on fast delivery
- Highlights ethical sourcing
-
Which economic policy measure by a central bank directly increases consumer borrowing costs?
- Quantitative easing
- Interest rate rise
- Tax cut
- Deregulation
-
Why might a business alter its product range when entering a foreign market?
- Cultural differences
- Identical income levels
- Equal demand
- Uniform legislation
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