A Business Student Is Preparing for the Graduate Management Admission

question 226

Multiple Choice

A business student is preparing for the Graduate Management Admission Test (GMAT) so he can get into a good graduate business school. He knows that any money he spends on a tutor will be worthwhile if he can improve his scores. He's heard that there is a great tutor in his local community but has no idea who she is. Marketing does not occur in this situation because

• A) two or more parties have satisfied needs.
• B) there is no desire on the part of either party to satisfy its needs.
• C) both parties are not aware that a need for tutoring exists.
• D) there is no way for each party to communicate with one another.
• E) there has been no assessment of consumer wants and needs.

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Definitions:

Tender Offer

is a public solicitation by a party proposing to buy shares from shareholders of a publicly-traded company at a specified price for a certain period.

Registered Stock

Shares of stock whose ownership is registered with the issuing company, making the stockholder eligible to receive dividends and reinstatement rights.

Acquisition

The process of obtaining control of another company by purchase or exchange of stock.

Section 17(a)

Section 17(a) typically refers to a specific provision within a particular legal framework or document, needing clarification regarding the context (e.g., in securities law, it refers to a section of the Securities Act of 1933 addressing fraud).