FBLA Marketing questions with correct answers

marketing CORRECT ANSWER the process of planning, pricing, promoting, selling, and distributing ideas, goods, or services to create exchanges that satisfy customers goods CORRECT ANSWER tangible items that have monetary value and satisfy your needs and wants services CORRECT ANSWER intangible items that have monetary value and satisfy your needs and wants marketing concept CORRECT ANSWER the idea that a business should strive to satisfy customers' needs and wants while generating a profit for the firm utility CORRECT ANSWER an attribute of a product or service that makes it capable of satisfying consumers' wants and needs market CORRECT ANSWER people who share similar needs and wants and are capable of buying products consumer market CORRECT ANSWER consumers who purchase goods and services for personal use industrial market CORRECT ANSWER businesses that buy products to use in their operations; also called the business-to-business market (this can be abbreviated as B2B or B-to-B) market share CORRECT ANSWER a company's percentage of total sales of volume generated by all competition in a given market