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Questions and Answers
Which one of these is the correct definition of marketing?
Which one of these is the correct definition of marketing?
- Marketing is the science of meeting the needs of a customer by providing valuable products to customers.
- Marketing is the process of selling products to customers.
- Marketing is the act of creating, delivering, and communicating value to customers. (correct)
- Marketing is the function of acquiring and retaining customers.
What are the 4P's of marketing?
What are the 4P's of marketing?
- Product, Price, Promotion, Place (correct)
- Price, Promotion, Place, People
- Product, Price, Promotion, Positioning
- Product, Positioning, Place, People
What is the difference between marketing and selling?
What is the difference between marketing and selling?
- Marketing is a business function, while selling is a process.
- Marketing focuses on acquiring and retaining customers, while selling focuses on creating and delivering value to customers.
- Marketing involves creating, delivering, and communicating value to customers, while selling involves exchanging products for money. (correct)
- Marketing is a long-term strategy, while selling is a short-term tactic.
What is the importance of customer value and satisfaction in marketing?
What is the importance of customer value and satisfaction in marketing?
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What is the role of marketing in the 21st century?
What is the role of marketing in the 21st century?
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