Define the Following

question 21

Essay

Define the following
-Kinesics

Distinguish between different marketing concepts and orientations.

Recognize the importance of efficient supply chain management.

Appreciate the role of marketing in non-profit organizations as well as for-profit organizations.

Understand the implications of internationalization on marketing.

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Definitions:

Market

A system or environment where buyers and sellers interact to exchange goods, services, or information.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Fundamental Attribution Error

The tendency to overemphasize personal characteristics and ignore situational factors in judging others' behaviors.