Which of the Following Illustrates the Marketing Concept in Action

question 314

Multiple Choice

Which of the following illustrates the marketing concept in action?

• A) Three pediatricians set up a group practice-so that at least one is always available for emergencies.
• B) Bank ATMs that dispense cash are placed in fast-food restaurants.
• C) The Nevada auto registration office mails license tags to people, to reduce inconvenient waiting in line.
• D) A veterinarian has office hours in the evening to see pets whose owners must work during the day.
• E) All of these illustrate the marketing concept in action.

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Definitions:

Real GDP

The measure of a country's economic output adjusted for price changes (inflation or deflation), representing the value of all goods and services produced over a specific period.

Money Supply

The total amount of money resources gathered in an economy at a certain time.

Planned Investment Spending

Expenditure on new physical capital intended by firms, which is part of aggregate spending in the economy.

Aggregate Demand Curve

A graphical representation showing the relationship between the total demand for goods and services in an economy at different price levels.