Mark Starts His Own Company Concentrating on Producing Products That

question 40

Multiple Choice

Mark starts his own company concentrating on producing products that satisfy customers' unfulfilled needs.He thoroughly analyzes the marketplace and develops products based on customers' needs and wants and then communicates the value of his products to potential customers.Which of the following does this scenario exemplify?

• A)Marketing enriching society
• B)Marketing aiding entrepreneurship
• C)Marketing helping global expansion
• D)Marketing impacting supply chain management
• E)Marketing through social media

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Definitions:

DVCs

Digital Video Cameras; devices that record video in a digital format, often used for surveillance, creating content, and personal use.

Raw Materials

The basic materials from which products are made, typically natural resources such as minerals, wood, or cotton.

High-Technology Goods

Products that incorporate advanced scientific research and new technological innovations, often characterized by high research and development costs.

GDP

Gross Domestic Product, the total market value of all final goods and services produced within a country in a given period of time.