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1 year ago

Consists of all activities involved in understanding and communicating with the customer

1 answer:

6 0

A marketing means those activity that that is involved in understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering.

<h3>What is a marketing?</h3>

This refers to the process of creating, distributing, pricing and promoting goods and services as well as to facilitate satisfying exchange relationships with customers

The marketing also focuses on developing and maintaining favorable relationships with stakeholders in a dynamic environment

Hence, it is also involved in understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering

Therefore, the Option B is correct.

Full question "What activity is geared around understanding and communicating with the customer to help in the design, development, delivery, and determination of the value inherent in the offering? production sales finance marketing.

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Ten pounds of chicken to trade for at least <u>40</u> pounds of vegetables but not more than<u> 50</u> pounds of vegetables

Explanation:

Vegetables Chicken Trade Off Ratio

John 40 10 4:1 (40/10) or 1:0.25 (10/40)

George 25 5 5:1 (25/5) or 1:0.20 (5/25)

John has comparative advantage in Chicken and George has comparative advantage in Veggies because :

John's chicken opportunity cost, in veggies < George (4<5). George's veggies opportunity cost, in chicken < John (0.20<0.25).
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It implies: John gets >' 4 pounds veggies per chicken pound' and George gets > '0.20 pound chicken per veggie pound'.
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