In latent demand, consumers may share a strong need that cannot be satisfied by a/an____________?

A: Future Product

B: Expected Product

C: Latent Product

D: Existing Product

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Existing Product

In __________more customers would like to buy the product than can be satisfied.

A: latent demand

B: irregular demand

C: overfull demand

D: excessive

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overfull demand

Marketers often use the term ___________ to cover various groupings of customers.

A: People

B: Buying power

C: Demographic segment

D: Market

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Market

Companies selling mass consumer goods and services such as soft drinks, cosmetics, air travel, and athletic shoes and equipment spend a great deal of time trying to establish a superior brand image in markets called __________.

A: Business markets

B: Global markets

C: Consumer markets

D: Nonprofit and governmental markets

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Consumer markets

Global marketers must decide ___________.

A: Which countries to enter

B: How to adapt their product and service features to each country

C: How to price their products in different countries

D: All of the above

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All of the above

The age which promises to lead to more accurate levels of production, more targeted communications, and more relevant pricing is term as____________.

A: Age of Globalization

B: Industrial Age

C: Information Age

D: Production Age

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Information Age

Many countries have ________ industries to create greater competition and growth opportunities.

A: open-market

B: deregulated

C: regulated

D: scientifically segmented

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deregulated

The most formal definition of marketing is ____________?

A: Meeting needs profitably

B: Identifying and meeting human and social needs

C: The 4Ps (Product, Price, Place, Promotion)

D: 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.

E: improving the quality of life for consumers

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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.

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