Business Management Final Exam 100% Solved Correctly

Business Management Final Exam 100% Solved Correctly Marketing - answer__________ is best described as a group of activities designed to expedite transactions by creating, distributing, pricing, and promoting goods, services and ideas. Marketing Decisions - answerFor the products launched by companies to succeed, it is important that all the functional areas of the business are coordinated with __________. Exchange - answerAt the heart of all business is the __________, the act of giving up something in return for something else. Value - answerFor an exchange to take place, buyers and sellers must be able to communicate about the "something of __________" available to each. Risk - answer__________ is the chance of loss associated with marketing decisions. Grading - answer__________ refers to standardization products by dividing them into subgroups and displaying and labeling them so that consumers clearly understand their nature and quality. What consumers desire - answerIn the context of marketing concept, the first step that a business must take is fine out __________. Customers, producing - answerThe market orientation emphasizes determining what ________ want first and then __________ it. Target market - answerA __________ refers to a specific group of consumer on whose needs and wants a company focuses its marketing efforts. Niche - answerIn __________ marketing, all marketing efforts focus on one small, well defined market segment that has a unique, specific set of needs. Buying Behavior - answer__________ refers to the decision processes and actions of people who purchase and use products. Psychological - answerAttitude is __________ variable of buying behavior. Test Marketing - answer__________ is the trial mini launch of a product in limited area that represents the potential market.