Of All the Business Fields,marketing Is Most Visible to People

question 41

True/False

Of all the business fields,marketing is most visible to people outside the organization.Peter Drucker stated that since it is the customer who defines value,the business enterprise has only two business functions: marketing and innovation.

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Definitions:

Account

A record or statement of financial expenditure and receipts relating to a particular period or purpose.

Terms

The components of an algebraic expression that are separated by addition or subtraction signs.

Trade Discount

A reduction in the retail price offered by sellers to buyers in the trade as an incentive or reward for buying in bulk or meeting certain conditions.

List Price

The price quoted by a supplier of a product before any trade discounts.