Question

Which of the following statements represents marketing ?
1. It views business as a good producing process
2. The seller determines what product is to be offered.
3. It views business as a customer satisfying process
4. The cost determines the price.

Answer 1

Correct Answer - Option 3 : It views business as a customer satisfying process

The correct answer is It views business as a customer satisfying process

• Marketing refers to all activities a company does to promote and sell products or services to consumers.
• Marketing makes use of the "marketing mix," also known as the four Ps: product, price, place, and promotion.
• At its core, marketing seeks to take a product or service, identify its ideal customers, and draw the customers' attention to the product or service available.
• Marketing is also responsible for listening to customers and communicating back to the provider about how well they are satisfying customer needs and opportunities for improvement.