A Market in Which the Only Marketing Function Performed Is

question 3

Multiple Choice

A market in which the only marketing function performed is exchange is most like to be classified under the _____ stage.

• A) surplus commodity product
• B) commercial-transition
• C) mass production
• D) mass distribution
• E) self-sufficient

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Definitions:

Transfer

The act of moving money or goods from one place, account, or person to another.

Classified by Purpose

A method of grouping or categorizing items according to their intended use or role within a system or process.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.

Not-for-Profit

An organization that operates for purposes other than making a profit, often focusing on social, educational, or charitable activities.