GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What to produce?
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For whom to produce?
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How to produce?
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When to produce?
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Detailed explanation-1: -Which of the following statements describe who will get the goods and services produced in a market economy? Those who are willing and able to pay and Those who have suffcient income and want to spend money on a particular good.
Detailed explanation-2: -Marketing can also, by playing a developmental role, facilitate the transformation of an economic and social system by helping to control changes in production and demand. Finally, marketing can promote economic development so that it corresponds to a society’s values.
Detailed explanation-3: -Agent-An intermediary who does not take title to merchandise but facilitates exchanges by bringing buyers and sellers together. Commission merchant-An agent that sells for manufacturers.
Detailed explanation-4: -Which of the following is a characteristic of the marketing economy phase of the American economy? Expensive goods, such as cars and appliances, could be purchased on a time-payment plan.