Which of the Following Is Not Part of the Definition

question 47

Multiple Choice

Which of the following is not part of the definition of marketing?

• A)planning and execution regarding the marketing mix
• B)creating exchange
• C)gauging production efficiency
• D)satisfying consumer needs as well as organizational objectives
• E)All of these are part of the definition of marketing.

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Definitions:

Australian Accounting Standards

The principles and guidelines set by the Australian Accounting Standards Board that govern the reporting and financial practices of entities in Australia.

Net Profit

The amount of money left after all operating expenses, taxes, and interest have been deducted from total revenue.

Absorption Costing Profit

The profit calculated under absorption costing, which includes both variable and fixed manufacturing costs in the cost of a product.

Variable Costing Profit

The profit calculated using the variable costing method, which considers only variable expenses for unit cost calculation, highlighting contribution margin.