The Focal Point of All Marketing Activities

question 106

Multiple Choice

The focal point of all marketing activities

• A) are products.
• B) is the marketing mix.
• C) are profits.
• D) are sales.
• E) are customers.

Interpret graphical representations of market conditions and the effects of market adjustments.

Identify the effects of external shocks (such as income changes or technological advancements) on market equilibria.

Determine the outcomes of excess supply or demand in market equilibrium.

Understand the implications of changes in income on demand for normal goods.