Which of the Following Statements About the "Universal Functions of Marketing

question 225

Multiple Choice

Which of the following statements about the "universal functions of marketing" is False?

• A) These functions do not have to be performed in all macro-marketing systems.
• B) How the functions are performed may differ among nations and economic systems.
• C) Who performs the functions may differ among nations and economic systems.
• D) These functions help to overcome discrepancies of quantity and assortment.
• E) None of the above.

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Definitions:

Total Utility

The overall satisfaction or pleasure a person derives from consuming a certain amount of goods or services.

Marginal Utility

The additional satisfaction or utility received by consuming one more unit of a good or service.

Total Utility

The overall pleasure or value derived by using a certain amount of an item or service.

Marginal Utility

The extra pleasure or benefit a buyer receives from purchasing an additional unit of a product or service.