BUS/110.
BUSINESS
wiseman 2026/2027 BUSINESS
, BUS 101 Business Principles/Practices -
Chapter 13 Exam questions with correct
answers 2026/2027 Edition Graded A+
Marketing - ✅✅The activity, set of institutions, and processes for
creating, communicating, delivering, and exchanging offerings that
have value for customers, clients, partners, and society at large.
Marketing Concept - ✅✅A three-part business philosophy: (1) a
customer orientation, (2) a service orientation, and (3) a profit
orientation.
Customer Relationship Management (CRM) - ✅✅The process of
learning as much as possible about customers and doing everything
you can over time to satisfy them - or even exceed their expectations -
with goods and services.
Marketing Mix - ✅✅The ingredients that go into a marketing
program: product, price, place, and promotion.
Product - ✅✅Any physical good, service, or idea that satisfies a
want or need plus anything that would enhance the product in the
eyes of consumers, such as the brand name.