Ask Question
BusinessBusiness
6 March, 10:22

The concept of "exchange" is fundamental to the definition of marketing. What is the best description of exchange?

+4
Answers (1)
  1. 6 March, 10:45
    0
    Marketing exchange

    Explanation:

    A marketing exchange occurs whenever there is an interaction between two or more people to buy and sell goods or services. An exchange therefor occurs when an person or an organisation makes a decision to meet its need or want and he is ready to pay some money or offer commodities.

    The marketing theory states that a utility ought to be derived from an exchange, an it is an indication that what you get from trade is more than you trade.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The concept of "exchange" is fundamental to the definition of marketing. What is the best description of exchange? ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
True or false the participants in the Kennedy round have succeeded in reducing tariffs by less then 20 percent
Answers (1)
Many teenagers, both male and female, have clothes they purchased in the past that they "would not be caught dead in today. When they occasionally see those clothes hanging in the back of their closet, these teenagers probably feel a. cognitive bias.
Answers (1)
Lori, a self-employed pediatrician, currently earns $200,000 annually. Lori has been able to save 15%of her annual Schedule C net income.
Answers (1)
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in Units 370 410 430 370 Each month's ending finished goods inventory should be 30% of the next month's sales.
Answers (1)
When average total cost is at its minimum a. average total cost is equal to average variable cost. b. average variable cost is declining in output. c. marginal cost is greater than average total cost. d. marginal cost is equal to average total cost?
Answers (1)
New Questions in Business
John Grey owns Grey's Snow Plowing. In October, he collects $12,000 cash for 6 commercial accounts for which he will provide snow plowing for the next three months. John recorded the cash collection as an unearned revenue.
Answers (1)
The following are examples of struck-by hazards. Which one is an example of a struck-by flying hazard? A. Hit by a load dropped from a crane B. Hit by a nail from a nail gun C. Run over by a vehicle in a roadway work zone
Answers (1)
Which of the following is least likely to be a reasonable explanation for an increase in accounts receivable turnover? A. Early payment incentives for customers. B. Tightening of credit policy. C.
Answers (1)
Incremental change within an organization often means no changes will be made because those in power can easily resist making such changes. a. True b. False
No Answers
Which act allows employees claiming discrimination to treat each receipt of a paycheck as an instance of discrimination for purposes of determining their eligibility to file a complaint
Answers (1)
Home » Business » The concept of "exchange" is fundamental to the definition of marketing. What is the best description of exchange?
Sign Up Forgot Password?