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

question 126

Multiple Choice

factors are required for marketing to occur: (1) two or more parties (individuals or organizations) with unsatisfied needs; (2) a desire and ability on their part to be satisfied; (3) a way for the parties to communicate; and (4) __________.

• A) a sense of social responsibility
• B) something to exchange
• C) a healthy competitive environment
• D) government approval
• E) an ability to see hidden potential within an environmental force

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Definitions:

Mean

A statistical measure representing the average value of a set of numbers.

Percentile

A statistical measure indicating the value below which a given percentage of observations in a group of observations fall.

Percentile

A measure indicating the value below which a given percentage of observations in a group of observations fall.

Quartile

A statistical term describing each of four equal groups into which a population can be divided based on a distribution.