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BUSA 4000- Final Exam- Quiz Questions with Complete Solutions What is the primary function of marketing in a business context? The primary function of marketing is to identify, anticipate, and satisfy customer needs while generating profitable sales for the organization. Explain the concept of supply and demand in economics. The concept of supply and demand describes how the price and quantity of goods are determined in a market, where demand represents consumer willingness to purch...

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BUSA 2100 FINAL EXAM QUESTIONS AND ANSWERS PASS GUARANTEED LATEST UPDATE What is a Organizational chart: - Answer- structure of a company's internal or external layout of responsibilities and authority Sustainable competitive advantage - Answer- a competitive advantage that other companies have tried unsuccessfully to duplicate and have stopped trying to duplicate. The three step process to strategy making is: - Answer- 1. asses a need for strategic change 2. Conduct situational anal...

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BUSA 4000 Final Exam Review Questions with 100% Correct Answers The estimate of the share of annual industry sales the firm expects to generate in a particular target market is known as - Answer- Company Sales Potential ____ is used by some firms to gauge long-term sales potential without fully committing to a foreign market - Answer- Test Marketing Trade audits may provide managers insight regarding - Answer- Competitors' offerings and pricing A global market opportunity is a favo...

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