Question and Answer 2026 | Updated
Practice Questions and Solutions | A+
Verified
• marketing -✓✓The creation and satisfaction of demand for a product
or service
• digital marketing -✓✓utilizing the internet and other digital channels
to drive demand for products and services
• strategy -✓✓A set of ideas that outline how a product line or brand
will achieve its objectives
• tactic -✓✓A specific action or method that contributes to achieving a
goal
• company, collaborators, competitors, customers, context -✓✓5Cs
• customers -✓✓potential buyers with wants and needs that the
company aims to fulfill with its offerings
• company -✓✓the organization or business unit providing certain
goods and services, often referred to as the offering
, • competitors -✓✓organizations that offer products and services that
aim to fulfill the same wants and needs, and the same customers as the
company's offering
• collaborators -✓✓external business entities that work with the
company to create value for customers; examples include Raw Materials
Suppliers, Distributors, Marketing agencies, and 3rd Party Retailers.
• context -✓✓the environment in which the company operates, and its
associated elements such as regulations or laws, economic conditions,
cultural norms, and technological factors
• political, economic, social, technological, environmental, legal -
✓✓PESTEL stands for
• price, product, place, promotion, people -✓✓The Five P's
• status quo, change, exploring, committing, justifying, selection -
✓✓Buyer Journey:
Loosening of the _____________________________
Committing to ____________________
______________________ possible solutions
____________________ to a solution
______________________ the decision
Making the _________________________