Examveda
Examveda

A social and managerial process by which individuals and organizations obtain what they need and want through value creation refers to which one of the following concepts?

A. Selling

B. Advertising

C. Barter

D. Marketing

Answer: Option D

Solution(By Examveda Team)

A social and managerial process by which individuals and organizations obtain what they need and want through value creation refers to Marketing. “Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others.”

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Related Questions on Marketing

The four unique elements to services include:

A. Independence, intangibility, inventory, and inception

B. Independence, increase, inventory, and intangibility

C. Intangibility, inconsistency, inseparability, and inventory

D. Intangibility, independence, inseparability, and inventory