NUSC 4272: Food Service Systems Management II Midterm Exam Questions and Answers (100% Pass)
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Module
NUSC 4272
Institution
NUSC 4272
marketing
consists of individual and organization activities that facilitate and
expedite satisfying exchange relationships in a dynamic environment
through the creation, distribution, promotion, and pricing of goods,
services, and ideas
American Marketing Association
views marketing as ...
✓ -As the price increases the consumer(demand) purchases less, while
when the price decreases the consumer purchases more
-As the price increases the seller (supply) produces more, while the when the
price decreases the seller produces less
-In the middle of this is the equilibrium price: selling price
Late 1800s:
✓ -Industrial Revolution
-beginning of mass production and marketing
-products made more economically
1920:
✓ -advertising and sales focus
-automobile rise
-trying to sell people on products being made
1950s:
✓ -after WWII
-marketing and department companies rise
Master01 | October, 2024/2025 | Latest update
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