Can you explain and gives an example.When backed by buying power, wants become: social needs b. demands c. physical needs d. exchanges 6.

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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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