There Are Seven Basic Functions of Marketing: Customer Analysis, Selling

question 55

True/False

There are seven basic functions of marketing: customer analysis, selling products and services, product and service planning, pricing, distribution, marketing research, and opportunity analysis.

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Definitions:

Economic Change

encompasses shifts in an economy's structure or performance, impacting employment, income levels, and the production of goods and services.

State And Local Tax

Taxes imposed by individual states and localities, including income, sales, property, and other taxes, varying significantly across different jurisdictions.

Discretionary Income

The amount of an individual's income available for spending after accounting for essential expenses, such as taxes and necessities.

Gasoline Prices

The cost per unit volume of gasoline, typically measured per liter or gallon, which fluctuates based on factors like crude oil prices, demand, and taxes.