Which of the Following Is True Regarding Marketing

question 96

Multiple Choice

Which of the following is true regarding marketing?

• A)The marketing concept emphasizes creating and maintaining short-term successful relationships with customers and suppliers.
• B)Marketing encompasses such a broad scope of activities and ideas that settling on one definition is often difficult.
• C)Marketing refers to an activity in which two or more parties give something of value to each other to satisfy perceived needs.
• D)The marketing concept is a belief that consumers will resist purchasing nonessential goods and services.

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Definitions:

Cash

The most liquid form of financial asset, used to settle debts and transactions.

Contributions

In accounting, refers to the amounts paid into a company by the owners or shareholders for equity.

Joint Operation

A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task, where each participant is jointly responsible for profits, losses, and costs.

Supply Of Services

The action of providing services to consumers or businesses, which can involve physical labor or intellectual tasks.