The Emphasis in Marketing Is on the Identification and Satisfaction

question 66

Multiple Choice

The emphasis in marketing is on the identification and satisfaction of ________.

• A)business needs
• B)marketing goals
• C)market needs
• D)customer needs

---

Definitions:

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service, essential for establishing the best production quantities.

Marginal Cost

The increase in total cost that arises from producing one additional unit of goods or services.

Industrial Organization

A field of economics dealing with how firms' structures, strategies, and behaviors determine the nature and extent of competition.

Market Conditions

The current state of the economy and the supply and demand dynamics within a specific market.