Asked by Megan McDermott on Jun 05, 2024

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The core purpose of a firm should relate to short-term financial goals that can be readily accomplished with an effective marketing mix.

Core Purpose

The fundamental reason a company exists, beyond just making money, which guides its business decisions and shapes its culture.

Marketing Mix

A set of controllable marketing tools—product, price, place, and promotion—that a company uses to produce a desired response in the target market.

  • Distinguish and recognize the primary purpose, foundational values, and aspirational objectives of a company.
  • Comprehend the strategic significance of establishing visionary objectives, highlighting their function in motivating and facilitating achievement.
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NT
Nh?t Tr??ng Nguy?nJun 09, 2024
Final Answer :
False
Explanation :
The core purpose of a firm should relate to the long-term objectives of creating value for customers, stakeholders, and society as a whole. While financial goals are important, they should not be the sole focus of a firm's core purpose, and an effective marketing mix alone cannot achieve a firm's objectives.