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Question
With which element, exchange mechanism is related?
Options
Publicity
Marketing
Advertising
Branding
Solution
Marketing
Explanation:
The exchange mechanism is a fundamental concept in marketing. It involves the process where buyers and sellers engage in the transfer of goods, services, or information to satisfy their respective needs or wants. Marketing encompasses activities that facilitate this exchange, including identifying customer needs, promoting products, and setting prices to ensure a successful transaction.
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