The Main Function of Marketing Is ________

question 23

Multiple Choice

The main function of marketing is ________.

• A) to contribute to the accuracy of a business's strategic plan
• B) to successfully establish meaningful relationships with customers to ensure loyalty and repeat business
• C) to develop the business's mission and vision
• D) to ensure that manufacturing capacity of a firm is aligned with consumer demand
• E) to determine whether products meet current safety standards

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Definitions:

Maturity

Maturity refers to the date on which the principal or face value of a financial instrument, such as a bond or loan, becomes due and payable.

Debenture

A type of debt instrument not secured by physical assets or collateral but based on the creditworthiness and reputation of the issuer.

Collateralized

Secured by an asset or property as a guarantee for the repayment of a loan.

Sinking Fund

A reserved fund into which an organization sets aside money over time, to repay debt or replace a significant asset in the future.