Which of the Following Statements Is True of the Marketing

question 7

Multiple Choice

Which of the following statements is true of the marketing concept?

• A)It states that an organization should satisfy customer wants and needs while meeting organizational objectives.
• B)It overlooks the importance of understanding the competitive arena and strengths and weaknesses of competition.
• C)It states that firms should give maximum importance to aggressive promotional and advertising activities.
• D)It states that marketing solely means selling things and collecting money.

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Definitions:

Supply-Side Economics

An economic theory that advocates for lower taxes and deregulation to stimulate production and economic growth.

Marginal Income Tax Rates

The percentage of tax applied to your income for each tax bracket in which you qualify, reflecting the amount of tax that is paid on an additional dollar of income.

Open-Market Operations

The purchase or sale of Treasury securities by the Federal Reserve; main monetary policy weapon.

Theories Of Expectations

Various economic theories that attempt to predict how rational individuals form their expectations about future events, affecting their economic decisions.