MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
When the marketing concept is used, the cost of production and product prices increase.
A
TRUE
B
FALSE
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Marketing is a process that involves creating, delivering, and managing the message or product of a business. In order to be successful in marketing, it is important to have a clear understanding of what marketing management is, as well as the different aspects it encompasses.

Detailed explanation-2: -Explanation: In basic terms, marketing is the process of identifying customer needs and determining how best to meet those needs. In contrast, advertising is the exercise of promoting a company and its products or services through paid channels. In other words, advertising is a component of marketing.

Detailed explanation-3: -Marketing theorists consider exchange to be the central concept without which there would be no such thing as marketing. For an exchange to happen, both parties have to have something of value for each other.

Detailed explanation-4: -The correct answer is: True Marketers must attempt to satisfy customer demands and needs, according to the marketing concept, which is a principle that underpins all they do. Market-oriented businesses are those that follow this idea.

There is 1 question to complete.