Mastering Marketing

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Questions and Answers

Which era of marketing focused on developing products that people want or need, pricing them to maximize profits, and distributing them to where consumers are?

  • Simple Trade Era
  • Marketing Era (correct)
  • Production Era
  • Sales Era

During which era of marketing did companies primarily focus on aggressive promotion and short-term profit maximization?

  • Production Era
  • Sales Era (correct)
  • Simple Trade Era
  • Marketing Era

Which era of marketing lasted until the Industrial Revolution and involved products being made by hand, grown, or traded in small quantities?

  • Sales Era
  • Marketing Era
  • Simple Trade Era (correct)
  • Production Era

During which era of marketing did demand exceed supply and companies focused on technical development?

<p>Production Era (A)</p> Signup and view all the answers

What is the process by which companies determine what products or services may be of interest to customers and the strategy to use in sales, communications, and business development?

<p>Marketing (C)</p> Signup and view all the answers

During which era of marketing did companies focus on understanding and satisfying customer needs?

<p>Market-oriented era (D)</p> Signup and view all the answers

Which era of marketing focused on efficient production?

<p>Production-oriented era (C)</p> Signup and view all the answers

Which era of marketing emphasized aggressive sales techniques?

<p>Sales-oriented era (A)</p> Signup and view all the answers

During which era of marketing did companies focus on creating value for customers?

<p>Value-based era (D)</p> Signup and view all the answers

Which era of marketing focused on creating, capturing, communicating, delivering, and exchanging offerings that have value for customers?

<p>Value-based era (B)</p> Signup and view all the answers

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