Marketing Unit 1a 2021

Front

The idea that a business should strive to satisfy customers' needs and wants while generating a profit is called what?

Back

Marketing Concept

Front

What is a patent?

Back

A document granting an inventor sole rights to an idea or item

Front

Supply is

Back

The amount of goods a producer is willing to make and/or sell

Front

Demand is

Back

Consumer willingness and ability to buy the product

Front

There are 5 functions of business, which one is responsible for buying the materials needed to manufacture the product?

Back

Production and Procurement

Front

Of the 5 functions of business, which one is responsible for the promotion of a product?

Back

Marketing

Front

Which of the 5 functions of business is responsible for scheduling employees and evaluating performance?

Back

Management

Front

The idea that a business should strive to satisfy customers' needs and wants while generating a profit is called what?

Back

Marketing concept