Which Function of Marketing Helps Marketers Determine What Consumers Want

question 86

Multiple Choice

Which function of marketing helps marketers determine what consumers want and need and how to offer goods and services to satisfy them?

• A)Financing
• B)Securing market information
• C)Risk taking
• D)Standardizing and grading

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Definitions:

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Operating Expenses

Costs associated with running the day-to-day operations of a business, such as rent, utilities, and payroll, but excluding costs related to production.

Revenue

The income generated from normal business operations and includes discounts and deductions for returned merchandise.

Denominator

The bottom number in a fraction that shows into how many equal parts the whole is divided.