the utility created by transferring ownership of a product to a buyer is called ____ utility.
answer
possession
question
the process of systematically gathering, recording, and analyzing data concerning a particular marketing problem is called
answer
marketing research
question
a market is a group of individuals and /or organizations that have needs for products in a given category and have the ability, willingness, and ___ to purchase such products
answer
authority
question
the utility created by making a product available at a location where customers wish to purchase it is called __
answer
place utility
question
the elements of the marketing mix are
answer
product, price, distribution, promotion
question
___ is not a step in the consumer buying decision process
answer
tell other people about the product
question
the amount of a product an organization expects to sell during a certain period of time, based on a specified levelof marketing effort, is called a
answer
sales forecast
question
buying behavior is divided into two categories including
answer
consumer and business
question
a market segment toward which a company directs its marketing effort is called a
answer
target market
question
the process of dividing a market into segments is called
answer
market segmentation
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