Questions And CORRECT Answers
Marketing - CORRECT ANSWER process of satisfying a customers needs or wants while making
a profit
Product Management - CORRECT ANSWER developing, maintaining, and improving a product
Marketing Information Management - CORRECT ANSWER research such as surveys or focus
groups
Financing - CORRECT ANSWER getting the money needed to run your business
Promotion - CORRECT ANSWER inform, persuade, or remind customers about a product
Pricing - CORRECT ANSWER how much to charge customers in order to maximum profits
Distribution - CORRECT ANSWER delivering products to buyers how a business gets it's product
to their customers
Personal Selling - CORRECT ANSWER direct interaction between sales person and customer
Needs - CORRECT ANSWER Something a person has to have in order to survive
Product - CORRECT ANSWER A good, service, or an idea a company develops and sells to their
customers
Marketing Mix - CORRECT ANSWER four marketing strategies: product, price, place, promotion
The 4P's - CORRECT ANSWER product place price promotion