Which Order Accurately Depicts the Stages in the Evolution of Marketing

question 27

Multiple Choice

Which order accurately depicts the stages in the evolution of marketing?

• A)marketing concept, production orientation, sales orientation, relationship marketing
• B)production orientation, sales orientation, marketing concept, relationship marketing
• C)sales orientation, production orientation, marketing concept, relationship marketing
• D)sales orientation, production orientation, relationship marketing, marketing concept
• E)production orientation, marketing concept, relationship marketing, sales orientation

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Definitions:

Absolute Advantage

A situation in which a country, individual, or company can produce a particular good or service more efficiently than another party, using the same amount of resources.

Trade

Trade involves the exchange of goods, services, or both between parties, which can be at the domestic or international level, fostering economic interaction and integration.

Opportunity Cost

The potential benefits an individual, investor, or business misses out on when choosing one alternative over another.

Export

A good or service produced in one country and sold to buyers in another country, contributing to the selling country's gross domestic product.