TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) Marketing is basically selling and advertising.
⊚ true
⊚ false
2) Marketing, in the literal sense, means "selling" or "advertising."
⊚ true
⊚ false
3) Making goods or performing services is called marketing.
⊚ true
⊚ false
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4) Estimating what price consumers are willing to pay for a product and assessing whether
the firm can make a profit selling at that price is an example of a production activity.
⊚ true
⊚ false
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