Marketing

question 286

Multiple Choice

Marketing:

• A) is concerned with need-satisfying goods, but not with services.
• B) involves an attempt to anticipate customer or client needs.
• C) is primarily concerned with efficient use of resources and fair allocation of output.
• D) includes activities such as accounting, production, and financial management.
• E) is the process of selling and distributing manufactured goods.

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Definitions:

Agricultural Industries

Sectors of the economy involved in the production, processing, and distribution of farm products.

Communal Landholdings

Refers to land that is owned collectively by a community, rather than by individuals or corporations, often managed and used according to community-agreed practices and rules.

The Grange

Also known as the Patrons of Husbandry, a fraternal organization founded in 1867 to advance the social and economic needs of farmers in the United States.

Farm Output

The total quantity of agricultural products produced by farms, including crops and livestock, within a certain period.