Which of the Following Is NOT Part of the Definition

question 161

Multiple Choice

Which of the following is NOT part of the definition of marketing?

• A)​seek to solely satisfy the needs of the organization by earning a profit
• B)​identifying customers
• C)​creating value for customers, clients, partners, and society at large
• D)​emphasizes the importance of creating and maintaining long-term relationships with customers and suppliers

---

Definitions:

Downward-Sloping

A term often used in economics to describe a line or curve on a graph that demonstrates a decrease in one variable as another increases.

Demand Curve

A graph showing the relationship between the price of a good and the quantity of the good that consumers are willing and able to purchase at each price.

Perfectly Elastic

Refers to a situation in which the quantity demanded or supplied changes infinitely in response to any change in price.

Less Than Price

A situation where the selling price of a good or service is below its cost or perceived value.