A person who buys goods and services from a business is known as: A. Client B. Consumer C. Customer D. Receiver

Here are the answers to your marketing questions:

1. A person who buys goods and services from a business is known as:

   • C. Customer

2. A place where people share similar wants and are capable of buying products is called:

   • D. Market

3. The intangible items of monetary value that satisfy needs are collectively known as:

   • D. Services

4. The money earned from conducting a business after all costs and expenses have been paid is known as:

   • D. Profit

5. The process of planning, promoting, and distributing products to satisfy customer wants is known as:

   • B. Marketing

6. The father of modern marketing is known as:

   • C. Philip Kotler

7. The functions of marketing include: I. Buying II. Financing III. Pricing IV. Promotion

   • C. I, III and IV (Buying, Pricing, and Promotion are core marketing functions.)

8. The systems that track products so that they can be located anytime are known as:

   • A. Distribution

9. The process of persuading potential customers about business products is known as:

   • C. Promotion