Marketing Concepts and Theories
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Questions and Answers

Who is considered the father of modern marketing?

  • David Ogilvy
  • Seth Godin
  • Philip Kotler (correct)
  • Peter Drucker
  • Which of the following best describes marketing?

  • A process of selling products
  • An art of creating value
  • A strategy to maximize profit
  • A science of target market identification (correct)
  • What is one of the elements of the marketing process?

  • Customer service
  • Supply chain management
  • Financial analysis
  • Market research (correct)
  • What do Key Performance Indicators (KPIs) help in understanding?

    <p>Business performance</p> Signup and view all the answers

    Which of the following can be a smart goal in marketing?

    <p>Increasing brand engagements</p> Signup and view all the answers

    Which of the following is NOT one of the elements of the marketing process?

    <p>Strategic marketing analysis</p> Signup and view all the answers

    Which of the following is NOT a characteristic of marketing?

    <p>Maximizing profit</p> Signup and view all the answers

    Which of the following is NOT a potential goal in marketing?

    <p>Maximizing profit</p> Signup and view all the answers

    What does the acronym KPI stand for in the context of marketing?

    <p>Key Performance Indicators</p> Signup and view all the answers

    Who is considered the father of modern marketing?

    <p>Philip Kotler</p> Signup and view all the answers

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