There Are Five Identifiable Stages in the Evolution of Marketing

question 51

Multiple Choice

There are five identifiable stages in the evolution of marketing across national boundaries.The first stage is:

• A)global marketing.
• B)international marketing.
• C)export marketing.
• D)direct marketing.
• E)domestic marketing.

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Definitions:

Necessities

Basic needs or essential goods and services required for individuals to maintain a minimum standard of living, such as food, shelter, and healthcare.

Cross-Price Elasticity

A measure of the responsiveness of demand for one good to a change in the price of another good.

Quantity Demanded

The total amount of a good or service consumers are willing and able to purchase at a given price in a specified period.

Price

The amount of money required to purchase a good, service, or asset, often determined by supply and demand.