Of the Following,which Is the Most Important Concept of Modern

question 47

Multiple Choice

Of the following,which is the most important concept of modern marketing?

• A) Customer relationship management
• B) Societal marketing
• C) Consumer-generated marketing
• D) Properly trained salespeople
• E) Low prices

Grasp the role of quantity standards in manufacturing and service settings.

Appreciate the importance of variance analysis for management decision-making.

Understand the basic principles of capital budgeting and its importance in investment decision-making.

Apply net present value (NPV) and internal rate of return (IRR) methods to evaluate investment opportunities.

---

Definitions:

Repeating Decimal

A decimal number in which a sequence of digits is repeated indefinitely.

Decimal Notation

A system of numbers expressed in base 10, involving a decimal point to separate whole numbers from fractional parts.

Percent Equivalent

A value expressed as a percentage that represents a portion of a whole.

Repeating Decimal

A decimal number in which a sequence of digits repeats indefinitely.