Factors Are Required for Marketing to Occur: (1)two or More

question 194

Multiple Choice

factors are required for marketing to occur: (1) two or more parties (individuals or organizations) with unsatisfied needs; (2) __________; (3) a way for the parties to communicate; and (4) something to exchange.

• A) a healthy competitive environment
• B) government approval
• C) a sense of social responsibility
• D) a desire and ability on their part to be satisfied
• E) an ability to see hidden potential within an environmental force

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Definitions:

Logo

A graphical mark or symbol used by businesses to aid and promote public identification and recognition.

Hierarchical Models

Hierarchical models are structured frameworks or systems with levels of authority and organization, designed to streamline decision-making and operations.

Brand Strength

An assessment of the key attributes of a brand and its power in the market, including awareness, loyalty, and perception.