Marketers Want Their Firms to Develop Efficient Operations Because This

question 106

Multiple Choice

Marketers want their firms to develop efficient operations because this kind of efficiency:

• A) usually leads to lower prices or greater pricing flexibility.
• B) allows the firm to offer greater value to customers.
• C) makes it easier to get the products customers want to them when they want them.
• D) can lead to more attractive margins.
• E) All of these.

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Definitions:

Donates

The act of giving money, goods, or time to a cause, charity, or individual without expecting anything in return.

Conscious Marketing

Emphasizes ethical considerations and the well-being of stakeholders in the marketing process, aiming for sustainable and socially responsible practices.

Economic Value

The worth of a good or service determined by its utility and scarcity, influencing both cost and price.

Overriding Principles

Fundamental rules or theories that take precedence over others in guiding behavior, decision-making, or policy formulation.