Identify the correct statement about marketing management.

It is primarily concerned with the systematic gathering, recording, and analysis of data about issues related to marketing products and services.

It focuses solely on attaining an organization's sales goals in an efficient manner.

It is defined as the field that deals with planning and managing a business at the highest level of corporate hierarchy.

It occurs when at least one party to a potential exchange thinks about the means of achieving desired responses from other parties.

It focuses mostly on monitoring the profitability of a company's products and services.