Marketing Principles Final, 1st half

Time utility involves having a product available at a certain time of year or day.

• True

• False

Businesses can use database technology to provide products to a specified target market

• True

• False

GATT was an international agreement to open trade markets and promote global free trade

• True

• False

Businesses stress the quality of products, services, and financing when engaging in nonprice competition

• True

• False

When the supply of a product exceeds the demand for it, businesses usually lower the product's price

• True

• False

Businesses in the private sector produce the same product or group of products

• True

• False

Listening is an active physical process

• True

• False

Companies can help prevent conflict by creating a healthy atmosphere in which everyone is accepted despite differences in beliefs, values, and backgrounds.

• True

• False

Honest behavior includes telling the truth, maintaining confidentiality, and not spreading rumors.

• True

• False

Employees who are properly oriented when they begin a job feel valued and welcome.

• True

• False