CLEP Marketing

Category - Information System

A _____________ is a framework for collecting, managing, and structuring information gathered regularly from sources internal and external to the organization.
  1. Marketing Strategic Plan
  2. Management Information System
  3. Marketing Research Plan
  4. Marketing Information System
  5. Marketing Operations Plan
Explanation
Answer: D - A Marketing Information System is a framework for collecting, managing, and structuring information gathered regularly from sources internal and external to the organization. This system, also referred to as MIS, provides a stream of information on a day-to-day basis that is critical to marketing decision making. This stream of information can be about goods pricing, competition updates, sales data, and advertising expenditures. An MIS allows a company to maintain a competitive edge and adjust its marketing activities to market changes and competitors’ strategies.
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