BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which feature cannot be applied to market orientated businesses?
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Distribution networks make it convenient for customers to make purchases
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Price is based on customers’ ability and willingness to pay
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Products are designed according to what the producer feels will sell
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Research is conducted about people’s needs and wants
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Explanation:
Detailed explanation-1: -Promotion orientation is NOT one of the four philosophies of marketing.
Detailed explanation-2: -A competitive advantage, also called a differential advantage, is a set of unique features of a company and its products that are perceived by the target market(s) as significant and superior to those of the competition.
Detailed explanation-3: -Inventory is not a function of marketing.
There is 1 question to complete.