Which of the Following Is True of the Basic Organizational

question 59

Multiple Choice

Which of the following is true of the basic organizational activities?

• A) Operations involves the selling and distribution of the organizations' products in the defined market.
• B) Financing involves the providing and using of funds to produce and distribute an organization's product.
• C) Marketing involves the manufacture of products or services of the organization.
• D) Marketing activities are not performed in small companies and companies which do not work for profit.

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Definitions:

Customer Value

The perception of what a product or service is worth to a customer versus the possible alternatives, reflecting the benefits, quality, and satisfaction it delivers.

Seven Cycles

A brand or company known for manufacturing custom and high-quality bicycles.

Service Utility

The added value or benefit that a service provides to its customers, enhancing customer satisfaction.

Digital Marketspace

An online environment where products, services, and information are exchanged.