Which of the Following Is True About the Impact of Marketing

question 21

Multiple Choice

Which of the following is true about the impact of marketing on stakeholders?

• A)Marketing is often designed to benefit an entire industry.
• B)Many firms cannot be benefitted simultaneously by marketing.
• C)Most people think of marketing as a way for firms to satisfy customer needs.
• D)Governments do not rely on marketing to communicate their messages to their constituents.
• E)Marketing does not work well in the nonprofit sector.

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Definitions:

Contextually Resilient

The ability of an entity or system to adapt and thrive in varying environmental or situational contexts.

Market Savvy

Refers to possessing a good understanding and insight into how market trends, customer preferences, and competitor behaviors influence the marketplace.

Product Development

the process of bringing a new product or service to market, from initial idea through design, development, and introduction to consumers.