Marketing is All Around Us

Question 1

There are 7 types of Utility

Accepted Answer

False

Question 2

Understanding the concepts and strategies used to develop and target specific marketing strategies to a select audience

Accepted Answer

marketing plan

Question 3

Which is not a type of utility

Accepted Answer

money

Question 4

Companies conduct research so they can be successful at marketing and selling their products.

Accepted Answer

True

Question 5

are tangible items that have monetary value and satisfy your needs and wants.

Accepted Answer

goods

Question 6

Businesses must satisfy customers’ needs and wants in order to make a _________________________

Accepted Answer

profit

Question 7

A (an) _________________________ takes place every time something is sold in the marketplace.

Accepted Answer

exchange

Question 8

intangible items that have monetary value and satisfy your needs and wants.

Accepted Answer

service

Question 9

Provides customers with the goods and services they want.

Accepted Answer

selling

Question 10

people who buy the product

Accepted Answer

customers

Question 11

Marketing plays an important role in an economy because it provides the means for competition to take place.

Accepted Answer

True

Question 12

The marketing mix has 3 P's

Accepted Answer

False

Question 13

Communicating with potential customers to inform, persuade, or remind them about a business’s products

Accepted Answer

promaotion

Question 14

Marketing connects business’ to their ____________________.

Accepted Answer

customers

Question 15

Goods and services that have monetary value

Accepted Answer

product

Questions 15