Question : Which feature of marketing is highlighted in the given statement? Statement: It is often referred as the essence of marketing as goods produced at different places are distributed over a wide geographical area.
Option 1: Need and want
Option 2: Customer value
Option 3: Creating a market offering
Option 4: Exchange mechanism
Correct Answer: Exchange mechanism
Solution : The process of marketing works through the exchange mechanism. Marketing involves exchange of production services for money or valuable consideration. Exchange is often referred as the essence of marketing as goods produced at different places a distributed over a wide geographical area.
Hence, option D is correct.
Question : Which feature of marketing is highlighted in the given statement? Statement: It aims to identify unsatisfied needs of the target customers and developed production services that satisfy such needs.
Question : Which feature of marketing is highlighted in the given statement? Statement: It involves exchange of products and services for money or valuable consideration.
Question : Which feature of marketing is highlighted in the given statement? Statement: Consumer buys product only when he feels that the product provides the greatest value for money.
Question : Which feature of marketing is highlighted in the given statement? Statement: While buying a product consumer analysis its cost and satisfaction derived from it.
Question : Which feature of marketing is highlighted in the given statement? Statement: It refers to complete offer for a product or services by specifying it's features, quality,price,availability,etc.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile