Which of the following statements about marketing is true multiple choice Question

1. It views business as a good producing process
2. The seller determines what product is to be offered.
3. It views business as a customer satisfying process
4. The cost determines the price.

Answer (Detailed Solution Below)

Option 3 : It views business as a customer satisfying process

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The correct answer is It views business as a customer satisfying process

• Marketing refers to all activities a company does to promote and sell products or services to consumers.
• Marketing makes use of the "marketing mix," also known as the four Ps: product, price, place, and promotion.
• At its core, marketing seeks to take a product or service, identify its ideal customers, and draw the customers' attention to the product or service available.
• Marketing is also responsible for listening to customers and communicating back to the provider about how well they are satisfying customer needs and opportunities for improvement.

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35. Which of the following statements about marketing is TRUE?a)It isn’t always easy; thousands of new products fail each yearb) Most laypeople know very little about itc) It is generally successful as long as you found it, and most new products succeedd) It is fairly foolproof it you know and apply traditional formulas

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