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1. Which of the following statement describes the New Marketing Approach? A) A firm should focus on producing a technically superior product in the first

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1. Which of the following statement describes the "New Marketing Approach? A) A firm should focus on producing a technically superior product in the first place. I B) The priority of the business is to provide consumer with the best services. C) An effective business should adopt the most advanced technologies. D) A firm should focus on satisfying consumer's needs in the first place via marketing strategies. E) A successful business should always put the profit maximization target in the first place. 2. Given the following data, use the 5-year moving average to forecast the value of year 7: Year 1 2. 3 4 5 Sales 6 5 6 8 7 9 A) 7 B) 9 C) 5 D) 6 E) 8

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