The First Objective in Marketing Is to Discover Consumer __________

question 208

Multiple Choice

The first objective in marketing is to discover consumer __________.

• A)diversity of opinion to create advertising messages
• B)income to determine the most lucrative price point for a product
• C)lifetime value to the organization
• D)characteristics that would be useful to segment markets
• E)needs to create products that could satisfy them

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Definitions:

Cassettes And CDs

Physical formats for recording and playing back audio, with cassettes being magnetic tape-based, and CDs (Compact Discs) being digital optical disc storage formats.

Trafficked Site

A website that experiences a high volume of internet traffic, indicating its popularity and frequent visitation by users.

Facebook

A social media platform allowing users to connect, share content, and communicate with friends and family digitally.

Less-developed Nations

Less-developed nations, also known as developing countries, are countries with a lower standard of living, economic instability, and less advanced industrial infrastructure than developed countries.