The process a business uses to satisfy consumer needs and wants by providing goods and services is called ________.
A)exchange
B)economics
C)marketing
D)accounting
E)logistics

Question

Quizplus · Accepted Answer

Marketing is the process of identifying consumer needs and wants and then satisfying them through the provision of goods and services. Exchange refers to the act of trading goods or services. Economics is the study of how society allocates scarce resources. Accounting is the process of recording financial transactions and preparing financial statements. Logistics is the management of the flow of goods and services.

The Process a Business Uses to Satisfy Consumer Needs and Wants