Which One of the Followings Is NOT True About Marketing

question 49

Multiple Choice

Which one of the followings is NOT true about marketing?

• A)Marketing help create value
• B)Marketing always entails an exchange
• C)Marketing is always performed by an organization
• D)Marketing is about satisfying customer needs and wants
• E)Marketing requires product, price, place and promotion decisions

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Definitions:

Raw Materials Purchases

The total cost of all components bought for use in the production process of goods.

Cash Disbursements

Outgoing payments made by a business, often documented in a cash disbursement journal, including expenses, creditor payments, and other financial outflows.

Cost of Goods Sold

Cost of goods sold (COGS) represents the direct costs attributable to the production of goods sold by a company, including materials and labor.

Merchandise Inventories

Goods or products that a company holds for the purpose of sale to customers in the ordinary course of business.