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AGEC 101 EXAM 1 UWRF NEWEST ACTUAL /
QUESTIONS AND ANSWERS VERIFIED/GRADED A+
What are the five barriers to consumer satisfaction? - ---- Answers---Ownership, Time, Space, Value, Information
The marketing function that overcomes value separation by transforming a commodity into a form that has greater value
to the consumer is referred to as: - ----Answers---
Processing function
The marketing function that overcomes the separation of time by maintaining the product in good condition between
production and final sale is referred to as: - ----Answers---
Storage Function
What are the four P's of marketing? - ----Answers---Product, Price, Place, Promotion
Which type of marketing orientation focuses on keeping cost low? - ----Answers---Product Orientation
Which type of marketing orientation was the first to focus on the consumers wants and needs? - ----Answers---Consumer orientation
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