Which statement is true of marketing?
A)Marketing affects various stakeholders.
B)Marketing plays no role in creating value.
C)Marketing is about satisfying the company's needs and wants.
D)Marketing requires place, product, promotion, and perception decisions.
E)Marketing is performed by organizations, not individuals.

Question

Quizplus · Accepted Answer

Marketing affects various stakeholders, including customers, employees, shareholders, suppliers, and the community. It is not solely focused on satisfying the company's needs and wants, but also on creating value for all stakeholders. Marketing involves decisions related to the four Ps: product, price, promotion, and place, and it can be performed by both organizations and individuals.

Which Statement Is True of Marketing