Questions
2601-MKT1034 PRINCIPLES OF MARKETING Chapter 1 2601-MKT1034 PRINCIPLES OF MARKETING Chapter 1
Multiple choice
The art and science of choosing target markets and building profitable relationships with them is called ________.
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Step-by-Step Analysis
The question asks for the term defined as the art and science of choosing target markets and building profitable relationships with them.
Option 1: marketing management. This aligns precisely with the standard definition of the field, which emphasizes selecting target markets and developing profitabl......Login to view full explanationLog in for full answers
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Similar Questions
Which of the following is NOT true regarding the marketing management process?
The iceberg principle illustrates that in many marketing problem situations, the marketing manager only understands 20 per cent of the actual problem, while 80 per cent remains submerged.
No marketing manager can be completely certain about a business situation.
“Marketing management” focuses solely on crafting advertising messages
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