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Exam (elaborations)
D174/ UNIT 2 QUESTIONS & ANSWERS(RATED A+)
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---9February 20262025/2026A+
- Two key marketing concepts are - ANSWERvalue and exchange 
 
Value represents - ANSWERall the benefits you get from a product 
 
exchange is the - ANSWERprocess of giving up something to gain something. 
 
A common misconception of marketing is that it is a - ANSWERcost center. It is seen as an expense, not an investment. 
 
One misconception is that marketing is all about - ANSWERselling. Personal selling is just another method of marketing communication, which is part of promotion in the marke...
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