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Question
Which of the following statements is true regarding marketing?
Options
It is a process whereby people exchange goods and services for money.
It has been referred to as performance of business activities that direct the flow of goods and services from producers to consumers.
It includes many activities that are performed even before goods are actually produced and continue even after the goods have been sold.
All of the above
Solution
All of the above
Explanation -
The process of determining consumers' wants and offering various goods and services to ultimate consumers or users to meet those demands is referred to as marketing. Marketing, in its most basic form, is the execution of commercial activities that steer the flow of goods and services from producers to consumers or users.
