In Figure 1-2 Above, Section "A" Represents __________ and Section

question 53

Multiple Choice

In Figure 1-2 above, section "A" represents __________ and section "B" represents __________.

• A)owners, shareholders, department heads; suppliers, distributors, retailers
• B)manufacturers; product prototypes, market testing, sales
• C)marketing department supervisors; department employees and outsourced firms
• D)manufacturers; suppliers, distributors, retailers, and customers
• E)the process of discovering consumer needs; the process of satisfying consumer needs by designing a marketing program having the right combination of product, price, promotion, and place

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Definitions:

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or offer a service at a lower cost per unit than the cost at which any other entity produces that good or offers that service.

Production

The process of creating goods and services by combining labor, materials, and technology.

Kegs

Large barrels used to store and transport liquids, especially alcoholic beverages such as beer.

Pizzas

A popular dish made from yeasted flatbread typically topped with tomato sauce, cheese, and various toppings and then baked.