Which If the Following Is a Valid Reason to Study

question 16

Multiple Choice

Which if the following is a valid reason to study marketing?

• A)Marketing teaches students how to sell all types of products and services.
• B)Marketing plays an important role in society, coordinating the huge numbers of transactions needed to provide goods and services.
• C)Marketing is used in many types of organizations but not charities and government.
• D)Marketing offers more money than other disciplines like finance.

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Definitions:

Work in Process

The portion of inventory that is in the production process but has not yet been completed.

Finished Goods

Goods that are fully manufactured and available for sale to buyers.

Raw Materials Used

The total quantity of raw components consumed in the production process to manufacture goods.

Raw Materials Inventory

The total cost of all the components lying in a manufacturing or production facility that have not yet been used or processed.