Tag: marketing environment

Questions Related to marketing environment

The product will be designed according to the needs of _______.

commerce marketing mix marketing environment meaning and definition of marketer role of marketing

  1. Potential buyers

  2. People

  3. Residents

  4. Audience

Show answer
Correct Option: A
Explanation:

In marketing, the company selects the target market and tries to satisfy consumer's needs from that specific market to increase the efficiency of marketing. Growing consumerism has made companies to design their products complying to the potential buyer's needs and demand.  

________ can help in overcoming the obstacles posed by high prices.

commerce marketing mix marketing environment meaning and definition of marketer role of marketing

  1. Distribution

  2. Sales

  3. Marketing

  4. Financing

Show answer
Correct Option: C
Explanation:

Marketing strategies can create solutions for the problems like high prices of products by brief study of market , customers & other factors.

Marketing can play a significant role in economic development.

commerce marketing mix marketing environment meaning and definition of marketer role of marketing

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

Marketing is an economy's arbiter between productive capacity and consumer demand. In addition, marketing process is a critical element in the effective utilization of the production resulting from economic growth, and balance between higher production and higher consumption.

__________ comes from a firm's ability to perform activities more distinctively and more effectively than rivals, thus is allowing a firm to gain an edge over the rivals.

commerce marketing mix marketing environment meaning and definition of marketer role of marketing

  1. Competitive advantage

  2. Competence

  3. Core competence

  4. Value addition

Show answer
Correct Option: A