The process of understanding customer requirements and preferences, anticipating how they will change, and then responsively constructing solutions to fulfill those requirements and preferences in a way that customers are willing to pay for is

_______.
a. product development management
b. supply chain development
c. customer relationship management
d. business management

a

Business

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When the price of a product is set at a level where demand and supply are the same, a state of__________has been achieved

Fill in the blanks with correct word.

Business

The catalog you receive from a large apparel store, displaying their new summer collection, is an example of ________ marketing

A) buzz B) direct C) virtual D) word-of-mouth E) interactive

Business