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Which of the following are universal functions of marketing? a. storing b. risk-taking c. financing d. transporting e. all of the above f. none of the above

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Answer:

e. all of the above is the correct answer.

Explanation:

The functions of marketing are to know the customer's demands and to satisfy customer needs.

Universal functions of marketing are

  • Buying
  • storing: products are stored in the warehouse until the customers require them.
  • Risk-taking: Marketer takes a chance when any new product is launched in the market as there is a chance of both profit and failure.
  • selling: promotion of the product is done by advertisements and also by personal sales.
  • grading: sorting and grading of the products are done as per their quality.
  • transportation: is used to transport the products from the production place to the place for shopping.
  • securing market information:Gathering information about customers, competitors, wholesalers that help in making marketing conclusions.
  • financing: giving a require cash tp produce, store, sell and transport the products.

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