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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

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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.

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BUS 1O1/102/202
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.

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