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Chapter 1: Marketing Today and Tomorrow Flashcards | StudBud
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Chapter 1: Marketing Today and Tomorrow
Chapter 1: Marketing Today and Tomorrow
12 terms
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StudBud Administration
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Flashcards
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Questions
12
Answers
1
Marketing activities can be categorized within four functions.
False
True
2
Marketing activities and jobs have not changed much over the past 100 years.
True
False
3
Marketing jobs are found at the lowest and highest levels of a company and are available for people w/ varied experience
False
True
4
Businesses that don't use marketing concepts are more concerned w/ producing products than understanding customer needs.
True
False
5
Each of the nine marketing functions occurs every time a product or service is developed and sold.
True
False
6
The primary reason for a business to exist is to provide employment for people
False
True
7
By studying marketing, you will learn
how new businesses are established
how products are manufactured
why consumers are usually misled by marketing
how businesses use marketing to increase their effectiveness and profits
8
Developing marketing skills can actually help you be a more effective consumer.
False
True
9
C 8. Successful businesses develop an approach to marketing planning that responds to
trends in the industry
every situation
new products
the needs of customers
10
Distribution includes
completing research to develop new products
creating a budget for marketing activities
advertising and other forms of promotion
moving products from the producer to locations where customers can buy them
11
Millions of companies today have marketing as their primary business activity.
True
False
12
Marketing activities today are completed in much the same way they have always been done.
True
False