Directing Consumers Toward Products and Services That Meet Their Present

question 30

Multiple Choice

Directing consumers toward products and services that meet their present and future needs is referred to as ________ marketing.

• A) customer-driven
• B) customer-driving
• C) societal
• D) production
• E) product

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Definitions:

Producing

The act or process of creating goods or services using inputs like labor, materials, and machines.

Maximum Weekly Profit

The highest amount of financial gain a business can achieve in one week, based on its revenue and costs.

Market Price

The existing cost at which a service or asset is available for purchase or sale on the open market.

Firm

A business organization, such as a corporation, partnership, or sole proprietorship.