Which of the Following Statements Is TRUE About the Marketing

question 89

Multiple Choice

Which of the following statements is TRUE about the marketing concept?

• A) It views the customer only as a target to be sold to.
• B) It views the primary purpose of a business as making things.
• C) It believes in building short-term relationships with customers.
• D) It refers to the view that companies should respond to customers' needs.
• E) It counts on customers to figure out which products they need and take the steps to find and purchase them.

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Definitions:

Normally Distributed

Describes a distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Population Means

The average value of a particular characteristic or measurement taken from every member of an entire population.

SST

The total sum of squares in regression analysis, representing the total variation in the dependent variable.

Treatments

Variables applied to experimental units within scientific studies to observe their effects.