As We Progress in the 21^st Century,marketing Management Is Shifting

question 79

Multiple Choice

As we progress in the 21^st century,marketing management is shifting its focus

• A)from toxic waste to pollution.
• B)from services to products.
• C)from materialism to humanitarianism.
• D)from people to animals.
• E)None of these.

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Definitions:

Factors Of Production

The inputs used in the production of goods or services to make an economic profit, including land, labor, capital, and entrepreneurship.

Productivity

The measure of how efficiently goods and services are produced, often quantified as output per unit of input.

Determinant

A factor that decisively affects the nature or outcome of something.

Economic Sense

A term describing decisions or actions that are rational and based on sound economic principles, ensuring efficiency and cost-effectiveness in achieving desired outcomes.