One Main Purpose of Marketing Is to Create Value By

question 56

Multiple Choice

One main purpose of marketing is to create value by:

• A)hiring the right people for the promotion of the products being manufactured.
• B)informing potential buyers about a product or service.
• C)fixing the measure of sacrifice that a customer is willing to make in order to acquire a specific product.
• D)developing a variety of offerings, including goods, services, and ideas, to satisfy customer needs.
• E)delivering the product on offer to the customer.

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Definitions:

Point Value

A quantifiable measure assigned to tasks, achievements, or roles within a system to indicate their importance or complexity.

Nonkey Job

A role or position considered to be of less critical importance or impact in the overall functioning of an organization.

Corporate Culture

The shared beliefs, values, norms, and practices that shape the social and psychological environment of a business organization.

Lead Strategy

A proactive approach in business or planning that focuses on establishing dominance in a particular area or sector before competitors.