The Standardization and Grading Function of Marketing Involves

question 333

Multiple Choice

The standardization and grading function of marketing involves

• A)promoting goods and services through media.
• B)collection,analysis,and distribution of information.
• C)sorting products according to size and quality.
• D)looking for and evaluating goods and services.
• E)movement of goods from one place to another.

---

Definitions:

Public Sector

Part of the economy that is controlled by the government, including all public services and government-owned entities.

Principal-Agent Problem

A dilemma in which one party (the agent) may not act in the best interest of another party (the principal) who has delegated some decision-making authority to the agent.

Political Process

The set of activities involved in the acquisition and exercise of power within a governmental or organizational setting.

Voters' Interest

The concerns or benefits that motivate individuals to participate in political activities, including voting.