Universal Marketing Functions – Flashcards

question
Selling
answer
promoting or advocating for a good or service and/or negotiating for its pric
question
Buying
answer
bearing or taking steps to mitigate the uncertainties that occur in a market system or in the marketing process
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Standardization
answer
organizing goods and/or services according to size or functionality
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Storing
answer
holding products until the time is appropriate for making or breaking bulk
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Grading
answer
organizing goods and/or services according to quality or perceived performance
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Risk-Taking/ Speculation
answer
bearing or taking steps to mitigate the uncertainties that occur in a market system or in the marketing process
question
Transportation
answer
moving goods and services from one location to another
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Financing
answer
providing cash flow that enables production or purchase
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Collect/Disseminate market information
answer
the collection, analysis, distribution, and/or storage of data, facts, and opinions that contribute to marketing decision making.
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question
Selling
answer
promoting or advocating for a good or service and/or negotiating for its pric
question
Buying
answer
bearing or taking steps to mitigate the uncertainties that occur in a market system or in the marketing process
question
Standardization
answer
organizing goods and/or services according to size or functionality
question
Storing
answer
holding products until the time is appropriate for making or breaking bulk
question
Grading
answer
organizing goods and/or services according to quality or perceived performance
question
Risk-Taking/ Speculation
answer
bearing or taking steps to mitigate the uncertainties that occur in a market system or in the marketing process
question
Transportation
answer
moving goods and services from one location to another
question
Financing
answer
providing cash flow that enables production or purchase
question
Collect/Disseminate market information
answer
the collection, analysis, distribution, and/or storage of data, facts, and opinions that contribute to marketing decision making.