Vidyalelo
Management · Q6

Marketing

Graduate and Post Graduate · Management · question 6

Q6

A social and managerial process by which individuals and organizations obtain what they need and want through value creation refers to which one of the following concepts?

A.
Selling
B.
Advertising
C.
Barter
D.
Marketing
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
A social and managerial process by which individuals and organizations obtain what they need and want through value creation refers to Marketing. “Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others.”