Which of the following statements best explains marketing? (1 point) Responses Marketing is selling and advertising of physical products. Marketing is selling and advertising of physical products. Marketing focuses on the completion of customer transactions with the maximum level of customer satisfaction. Marketing focuses on the completion of customer transactions with the maximum level of customer satisfaction. Marketing is the process or technique of promoting, selling, and distributing a product or service. Marketing is the process or technique of promoting, selling, and distributing a product or service. Marketing is about customer satisfaction, and advertising new product lines and services.
Marketing is the process or technique of promoting, selling, and distributing a product or service.
The statement that best explains marketing is: Marketing focuses on the completion of customer transactions with the maximum level of customer satisfaction.
The statement that best explains marketing is "Marketing is the process or technique of promoting, selling, and distributing a product or service." This statement accurately captures the core essence of marketing. Marketing goes beyond simply selling and advertising physical products. It involves various activities such as market research, product development, pricing, distribution, and communication to create value for customers and build strong relationships with them. It encompasses the entire process of promoting, selling, and distributing products or services to meet the needs and wants of customers. By understanding customer needs and preferences, marketing aims to provide customer satisfaction and achieve business goals. Advertising new product lines and services is indeed a part of marketing, but it is not the sole focus or definition of marketing.
