7 Whicb ofthe following statements is reprill open A. Just tell them Willy Loman

Question

7 Whicb ofthe following statements is reprill open A. Just tell them Willy Loman in here and the doors era of madoting? representative ofthe production era B. Run to a round house; they cant comer you C. But will it play in Peoria? D. Good products sell themselves E. A blind man on a galloping hose won't notice R 8. Value is A. The lowest cost option B. Represented by brand names C The bighest priced altemative D. Everyday low prices E. What you get for what you give INg social media effectively to

Explanation / Answer

7. Which of the following statements is the representative of the production era of marketing?

D. Good products sell themselves

The other statements do not justify the concept of product at all while the above statement instigates to the fact that if quality products are put to the public, then marketing happens to those products naturally. Therefore, while in the production phase, quality shall matter a lot to facilitate marketing.

8. Value is:

E. What you get for what you give

Value of a product or a service is derived for what is rendered to avail the same. This could be a barter or an exchange system, monetary way of buying a certain good or a service or a commitment to do or to abstain from doing something in exchange of what is availed against the same.

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