The universal functions of marketing include buying, selling, transporting, storing, _________________________________________.

Question

Quizplus · Accepted Answer

The universal functions of marketing include standardization and grading (to assure quality and uniformity), financing (to provide funds required to finance inventories), risk taking (to absorb the uncertainties about the future that are assumed by producers and consumers), and marketing information (to provide information to facilitate exchange). The other options either include incorrect functions (A includes weighing and B includes facilitating instead of storing) or incorrect terminology (D uses "merchandising information" instead of "marketing information").

The Universal Functions of Marketing Include Buying, Selling, Transporting, Storing