Podcast
Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App
Questions and Answers
What should a manager do before deciding to produce and sell a bike?
What should a manager do before deciding to produce and sell a bike?
- Predict Designs
- Analyze Needs (correct)
- Provide Service
- Estimate Price
Why is marketing important to every consumer?
Why is marketing important to every consumer?
- It is only important for producers
- It has no impact on our daily lives
- It only benefits firms
- It affects innovation and standard of living (correct)
What is marketing according to the definition?
What is marketing according to the definition?
- Performance of activities that accomplish objectives from producer to customer or client (correct)
- Anticipating customer or client needs and providing services
- Performance of activities that accomplish objectives from customer to producer
- Directing a flow of need-satisfying goods and services from customer to producer
By the end of this lesson, students will be able to:
By the end of this lesson, students will be able to:
Signup and view all the answers
What is the purpose of the self-assessment at the end of the lesson?
What is the purpose of the self-assessment at the end of the lesson?
Signup and view all the answers
What is the main objective of marketing?
What is the main objective of marketing?
Signup and view all the answers
What is the key difference between marketing and macro-marketing?
What is the key difference between marketing and macro-marketing?
Signup and view all the answers
What is the primary function of intermediaries in marketing?
What is the primary function of intermediaries in marketing?
Signup and view all the answers
What is the term for the process of creating standardized products?
What is the term for the process of creating standardized products?
Signup and view all the answers
What is the main focus of the marketing functions?
What is the main focus of the marketing functions?
Signup and view all the answers
Flashcards are hidden until you start studying
