The Marketing Manager's Task Is to Plan and Execute Programs

question 42

Multiple Choice

The marketing manager's task is to plan and execute programs that will ensure a long-term competitive advantage for the company.This includes determining of a specific target market and:

• A)developing a uniform currency worldwide.
• B)marketing management.
• C)looking at occupants, objects, occasions and objectives.
• D)testing markets.

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Definitions:

Demand Curve

A visual chart that illustrates how the demand quantity of a product or service correlates with its price over a specific time frame.

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded by consumers, typically downward sloping.

Supply Curves

An illustrative chart showing how the price of a product or service correlates with its supply during a certain period.

Law Of Supply

An increase in the price of a product will increase the quantity of it supplied; and conversely for a decrease in price.