Marketing's roots in economics are evident in the production and distribution of goods.

Question

Quizplus · Accepted Answer

Marketing is concerned with the production and distribution of goods and services, which are fundamental concepts in economics. Marketing involves identifying consumer needs and wants, designing products and services that meet those needs, pricing them appropriately, and making them available through distribution channels. All of these activities are interconnected with concepts in economics, such as supply and demand, market structure, and competition. Therefore, marketing has its roots in the economic principles of production and distribution.

Marketing's Roots in Economics Are Evident in the Production and Distribution