The Universal Functions of Marketing Can Be Performed by

question 176

Multiple Choice

The universal functions of marketing can be performed by

• A)producers.
• B)intermediaries.
• C)consumers.
• D)collaborators.
• E)all of these.

---

Definitions:

Quota

A regulatory limit on the quantity or value of a particular product that can be traded or produced.

Price Floor

A government or group-imposed price control that sets the minimum price at which a product can be sold.

Excess Supply

A situation in the market where the quantity supplied of a good exceeds the quantity demanded, often leading to a decrease in price.

Quantity Supplied

The amount of a good or service that producers are willing to sell at a given price.