Which of the Following Statements Best Describes the Modern View

question 359

Multiple Choice

Which of the following statements best describes the modern view of marketing?

• A)It is only necessary for profit-oriented firms.
• B)It consists mainly of advertising and personal selling.
• C)It anticipates customer needs.
• D)It begins as soon as products are produced.
• E)It is emphasized more for firms that don't rely on e-commerce.

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Definitions:

Revenue Per Bushel

The amount of money generated for each bushel of a commodity sold, commonly used in agriculture.

Profits

The financial gain obtained when revenues generated from business activities exceed the expenses, costs, and taxes involved in sustaining these activities.

Farmer

A person involved in farming, cultivating live entities for consumption or base materials.

Average Variable Cost

The cost per unit produced that varies with the level of output, calculated by dividing total variable costs by the quantity of output.