The Political and Legal Environment of Marketing


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Why are laws needed for business?

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1. Why does the Sherman Act of 1890 make monopolies illegal?

2. Which Act would prohibit charging different prices to different buyers of merchandise of like grade and quality?

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About This Quiz & Worksheet

This quiz and worksheet combo helps gauge your understanding of the political and legal environment of marketing. You will be quizzed on different acts that relate to marketing.

Quiz & Worksheet Goals

This quiz and worksheet combo helps you review:

  • Why laws are necessary for business
  • Act which was created to split the American Tobacco Company
  • The act that prohibited charging different prices to different buyers of merchandise of similar grade and quality

Skills Practiced

  • Information recall - access the knowledge you have gained regarding these various acts
  • Knowledge application - use your knowledge to answer questions about the political environment of marketing
  • Reading comprehension - ensure that you draw the most important information from the related marketing lesson

Additional Learning

To learn more about acts and laws regarding marketing, review the lesson on The Political & Legal Environment of Marketing. This lesson will help you:

  • Determine why laws are needed
  • Review state laws
  • Understand federal legislation
  • Identify regulatory agencies
  • Learn about the roles of the Food and Drug Administration