Which of the Following Statements Is True of Marketing

question 27

Multiple Choice

Which of the following statements is true of marketing?

• A)​A consumer does not pay for the marketing costs.
• B)Marketing offers great career opportunities in business and nonbusiness organizations.
• C)Only two percent of the entire civilian workforce in the U.S. performs marketing activities.
• D)​Marketing is limited to the people of the marketing department of a firm.

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Definitions:

Private Markets

Markets where transactions occur directly between parties without significant regulatory oversight, often avoiding public exchanges.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by anyone and one person’s consumption doesn’t reduce availability to others.

Free-riders

Individuals who benefit from resources, goods, or services without paying for them, often seen in public goods and collective risk scenarios.

Private Markets

are markets where transactions are conducted directly between two parties without being publicly traded on an exchange.