The Marketing Concept Involves

question 66

Multiple Choice

The marketing concept involves:

• A) focusing on customers' wants and needs so that the organization can distinguish its product (or products)from competitors' products
• B) satisfying management's needs and wants with the idea of maximizing profits in the short run
• C) selling as much product as possible under the assumption people will buy more goods and services if aggressive selling techniques are used
• D) selling as much as possible under the assumption consumers will buy more at lower prices
• E) focusing on production in order to increase product quality and lower prices

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Definitions:

Energy Waves

Energy waves refer to oscillations that transfer energy from one point to another through various mediums or through the vacuum of space.

Potential Energy

The energy stored within an object due to its position, condition, or composition, which has the potential to be converted into kinetic energy.

Chemical Bonds

Strong interactions between atoms or ions that hold molecules together, including covalent, ionic, and metallic bonds.

Reactants

Substances initially present in a chemical reaction that are consumed during the reaction to make products.