Marketing Not Only Fulfills Needs, but Also Creates Unnecessary Wants

question 159

True/False

Marketing not only fulfills needs, but also creates unnecessary wants.

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Definitions:

Subsidiary

A company that is completely or majority-owned by another company, referred to as the parent company, which controls its operations and policies.

Convertible Bonds

Bonds that can be converted into a predetermined number of the issuing company's shares at certain times during their life, usually at the discretion of the bondholder.

Consolidated Financial Statements

Financial reports that aggregate the financial position, results of operations, and cash flows of a parent company and its subsidiaries as one entity.

Amortization

The gradual reduction of a debt over a period of time through regular payments or the systematic allocation of intangible asset costs over its useful life.