It is often said that marketing is about managing the exchange process. In an exchange one person or organisation gives up something of value (e.g. a product) in return for something else of value (e.g. money) . If an exchange is based on good marketing principles, who benefits most and how?
A) The seller manages to overcharge the customer without them realising it
B) The buyer gets away without paying
C) The seller persuades the customer that the product is better than it really is
D) It's a fair exchange that makes both seller and buyer happy
E) It's the most profitable exchange for the seller
Correct Answer:
Verified
Q1: Why is marketing important in a demand
Q3: It is generally recognised that one of
Q4: Many consumers now ask other consumers for
Q5: How is a 'supply led' market characterised?
A)
Q6: What is 'marketing communications' an alternative term
Q7: What is the point where the supply
Q8: What is the term for a market
Q9: What are brand ambassadors?
A) Salespeople who work
Q10: In a competitive market it is important
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