Match each term with the correct statement below.

a. marketing
b. product
c. exchange
d. utility
e. consumer markets
f. industrial markets
g. market segments
h. target market

1. The ability of a product to satisfy a consumer need.
2. The ultimate purpose of marketing activities
3. Tangible goods, services, ideas
4. Individuals and organizations that purchase products in order to produce products to sell to others.
5. Groups of individuals with one or more similar product need


1. D) utility
2. C) exchange
3. B) product
4. F) industrial markets
5. G) market segments

Business

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a. economic depression b. rough treatment by British soldiers c. unfair taxation d. government failure to protect colonists against indigenous attacks

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A. creating B. leading/contributing C. helping/assisting D. analyzing/solving problems

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