Which of the Following Statements About the Universal Functions of Marketing

question 37

Multiple Choice

Which of the following statements about the universal functions of marketing is FALSE?

• A)These functions do not have to be performed in all macro-marketing systems.
• B)How the functions are performed may differ among nations and economic systems.
• C)Who performs the functions may differ among nations and economic systems.
• D)These functions help to overcome discrepancies of quantity and assortment.

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Definitions:

Organizational Requirements

The necessary conditions, resources, and capabilities needed for an organization to operate or achieve its objectives.

Individual Skills

the specific abilities and talents that an individual possesses, which can contribute to their performance.

Performance Appraisal System

A structured process through which employee performance is assessed, typically for the purpose of making decisions about promotions, compensation, and development.

Reliable And Valid

Terms referring to the consistency (reliability) and accuracy (validity) of a measurement or assessment tool.