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Questions and Answers
What is the main goal of marketing?
What is the main goal of marketing?
- To create, communicate, and deliver value to customers (correct)
- To solely focus on product development
- To increase operational efficiency
- To reduce costs
Which of the following is NOT one of the 4 P's of marketing?
Which of the following is NOT one of the 4 P's of marketing?
- Product
- Price
- Public Relations (correct)
- Place
Why is market research important in marketing?
Why is market research important in marketing?
- To increase production costs
- To understand the target market and make informed decisions (correct)
- To ignore customer needs
- To reduce product quality
What does the 'Place' element of marketing refer to?
What does the 'Place' element of marketing refer to?
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Which of the following is NOT a part of the marketing process?
Which of the following is NOT a part of the marketing process?
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What is the role of promotion in marketing?
What is the role of promotion in marketing?
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Which element of marketing involves understanding target market, competition, and consumer behavior?
Which element of marketing involves understanding target market, competition, and consumer behavior?
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What does the 'Price' element of marketing refer to?
What does the 'Price' element of marketing refer to?
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'Designing, developing, and producing a product or service that meets the needs of the target market' is associated with which element of marketing?
'Designing, developing, and producing a product or service that meets the needs of the target market' is associated with which element of marketing?
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