Multiple Choice
A friend of yours comments, "I'm starting my own business. I have a perfect product that no one else can touch, but I have no use for marketing. That's just for the mega-corporations." Which of the following arguments would you NOT use in talking about marketing?
A) Marketing helps new ventures organize, operate, and assess risk.
B) Marketers help address unmet customer needs, regardless of the size of the firm.
C) Marketing focuses on the product, but only as one element. Three other areas are Promotion, Price, and Place.
D) Marketers are skilled at communicating the value of the product to potential customers.
E) Marketing isn't essential now, but it will be in a year or two when the product takes off.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: In the broadest terms, the marketplace refers
Q35: What are the four Ps of marketing?
Q37: When a T-shirt manufacturer states, "We only
Q41: Georgia, the outside sales rep for a
Q56: In value cocreation,the customer participates in the
Q61: The prevailing marketing strategy of the _
Q62: Understanding a customer's needs and wants is
Q101: Trey sells consumer electronics.He knows his customers
Q114: Many universities provide physical or electronic bulletin
Q126: Many catalog companies create special-run issues based