The most formal definition of marketing is ____________?
Aan organizational function and a set of processes for creating, communicating, and delivering, value to customers, and for managing customer relationships in ways that benefit the organization and its stake holders.
Bimproving the quality of life for consumers
CIdentifying and meeting human and social needs
DThe 4Ps (Product, Price, Place, Promotion)
EMeeting needs profitably
Correct answer
A. an organizational function and a set of processes for creating, communicating, and delivering, value to customers, and for managing customer relationships in ways that benefit the organization and its stake holders.
Explanation
an organizational function and a set of processes for creating, communicating, and delivering, value to customers, and for managing customer relationships in ways that benefit the organization and its stake holders. is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.