1. These are individuals who buy goods and services for household…

Question Answered step-by-step 1. These are individuals who buy goods and services for household… 1. These are individuals who buy goods and services for household or personal use2.The core concept of marketing is exchange.3.A need occurs when a person feels physiologically deprived of basic necessities like food, clothing and shelter.4. Wholesalers and retailers are organizational buyers.5. Wholesalers and retailers are organizational buyers.6. Time utility means having the offering available where consumers need it.7. A marketing philosophy whose focus is not only on satisfying consumers and company goals but also the welfare of society8.This term refers to the felt need of a person as shaped by his culture and individual personality9. The utility refers to the shape, style or function of a product10.These are the firms that buy products for their company’s use or for resale11. Most organizations perform marketing activities, whether they are profit-making business firms or non-profit organizations.12. For a person to be considered a potential market, he must have the need and willingness to buy the product.13. The focus of the marketing concept is on the production of low priced products.14. People express wants in the same way.15. People express wants in the same way.16. The act of obtaining a desired object from someone by offering something in return17. The focus of the company which adheres to the marketing concept is on18. Products which are tangible and have physical forms are called19. Companies who adopted the selling concept focus their efforts on20. Ultimate consumers buy goods for resale and profit.  Arts & Humanities Communications Marketing MANAGEMENT BSBMKG608 Share QuestionEmailCopy link Comments (0)