________ Involves Anticipating Customer Needs and Directing a Flow of Need-Satisfying

question 110

Multiple Choice

________ involves anticipating customer needs and directing a flow of need-satisfying goods and services from producer to customer.

• A)Innovation
• B)Advertising
• C)Selling
• D)Marketing
• E)Sales promotion

---

Definitions:

Extraordinarily High Inflation

A situation where the rate of inflation becomes extremely high and uncontrollable, eroding purchasing power and destabilizing the economy.

Budget Deficit

The financial situation where government’s expenditures exceed its revenues within a specific time period, leading to borrowing or debt accumulation.

Central Bank

An institution that manages a country's currency, money supply, and interest rates, and oversees the commercial banking system.

Open Market Purchases

Transactions by a central bank in which it buys securities from the market to increase the money supply and encourage economic activity.