Marketing in the Modern Age

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Questions and Answers

Marketing is about identifying and meeting ______ and social needs

human

Marketing is the ______ and science of choosing target markets

art

Facebook, Google, Netflix, and Amazon have completely overtaken ______

myspace, yahoo, blockbuster, and barnes noble

The new marketing realities are defined by ______

<p>forces</p> Signup and view all the answers

______ marketing philosophy includes a holistic approach

<p>A</p> Signup and view all the answers

According to Michael Porter's value chain model, how many strategically relevant activities are identified?

<p>Five primary and four support activities (D)</p> Signup and view all the answers

What is the purpose of strategic planning in an organization?

<p>To identify ways to design, produce, market, deliver, and support a product (D)</p> Signup and view all the answers

How does marketing affect customer value?

<p>By providing the value (B)</p> Signup and view all the answers

What does a marketing plan include?

<p>The design, production, marketing, delivery, and support of a product (D)</p> Signup and view all the answers

According to Michael Porter, what is a firm's success dependent on?

<p>The synthesis of activities performed in a business (C)</p> Signup and view all the answers

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