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Question
Choose the correct statement.
Options
Marketing is the process of transferring the ownership from producer to buyer.
Selling is a wider term then marketing.
Marketing seeks to create demand, to satisfy the customers, to increase markets shares etc.
None of the above
Solution
Marketing seeks to create demand, to satisfy the customers, to increase markets shares etc.
Explanation:
Marketing encompasses a broad range of activities aimed at creating demand, satisfying customer needs, and increasing market share. It involves understanding customer needs, developing products or services that meet those needs, setting appropriate prices, distributing the products effectively, and promoting them to potential customers. This comprehensive approach distinguishes marketing from selling, which is a more narrow focus on the transactional aspect of moving goods from producer to consumer.
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