There are several perspectives of competition. One perspective is zero-sum thinking. Zero-sum thinking means that: a. all parts of the organization gain at no loss.
b. in order for someone to gain others must experience no gain or benefit.
c. one can only gain at the expense of someone else.
d. everyone in the organization shares gains and losses equally.

Which represents a surplus in the market? a market price equals equilibrium price. b quantity supplied is greater than quantity demanded. c market price is less than equilibrium price. d quantity supplied equals quantity demanded.

Because the demand for wheat tends to be inelastic. true or false

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.