Can you explain and gives an example.
5.When backed by buying power, wants become:
a. social needs
b. demands
c. physical needs
d. exchanges
6.Instead of thinking of selling products, marketers would be wise to take the customer’s view and think of:
a. providing convenience
b. initiating two-way communication
c. offering discounts
d. offering solutions to problems
7.If you want to sell new products to new markets, you are using a strategy called:
a. market penetration
b. product development
c. market initiation
d. diversification
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