Final answer:
True, marketing is the process of combining the conception, pricing, promotion, and distribution of goods or services to create exchanges that satisfy individual and organizational objectives.
Step-by-step explanation:
True, marketing is the process of combining the conception, pricing, promotion, and distribution of goods or services to create exchanges that satisfy individual and organizational objectives. It involves identifying target markets, understanding customer needs and preferences, creating and promoting products or services, and developing strategies to reach and attract customers.
For example, a company may conduct market research to identify a target audience for their new product, set a competitive price based on market demand and supply, develop advertising campaigns to promote the product, and ensure efficient distribution of the product to meet customer demand.
Marketing is an essential function in business and plays a crucial role in driving sales, building brand awareness, and achieving business objectives.