Marketing Principles Review

Question 1

Macroeconomics deals with how a nations makes choices?

Accepted Answer

true

Question 2

Which of the following is not an economic question?

Accepted Answer

When to produce?

Question 3

Which of the following countries are free market?

Accepted Answer

United States

Question 4

The person who actually uses the product.

Accepted Answer

Consumer

Question 5

What was the first economic system?

Accepted Answer

Subsistence

Question 6

Which of the following is a function of marketing?

Accepted Answer

Price

Question 7

Human needs and wants are limited?

Accepted Answer

false

Question 8

The value of the product is increased by having it available when consumers want them.

Accepted Answer

true

Question 9

All countries answer the 3 economic questions the exact same.

Accepted Answer

false

Question 10

As the price decreases, this increases.

Accepted Answer

Demand

Question 11

As the price increases, this increases

Accepted Answer

Supply

Question 12

The person who buys the product?

Accepted Answer

Customer

Questions 12