Questions and Answers
Which of the following is the main reason why sales are important to businesses?
To cover production costs
Why are profits important to businesses?
To reimburse owners for invested money
What is the relationship between sales figures and profitability according to the text?
Higher sales figures may lead to higher profitability
Which of the following is NOT a marketing objective for a business?
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What is the purpose of creating a unique selling proposition (USP) for a product?
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Why is gaining and maintaining market share important for businesses?
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Which of the following is NOT a reason why businesses are interested in creating a unique selling proposition (USP) for their product(s)?
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What does gaining and maintaining market share indicate for businesses?
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Why is customer satisfaction interrelated with other marketing objectives?
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Which of the following is NOT a reason why sales are important to businesses?
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What is the relationship between sales figures and profitability, considering certain limitations?
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Why do businesses need to maintain or increase sales?
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