Question 9 of 10
3 Points
What is one of the reasons marketing is essential to the free market system?
O
A. It employs more people that any other career group.
O
B. It ensures that companies make a healthy profit.
O
C. The sales of advertising makes television programming possible.
D. It helps educate consumers about competitive products.
SUBMIT

The correct statement is that the reasons as to why the marketing is essential in a free market to ensure that the company makes a healthy profit. So, the correct option is B.

The sole aim of the free market firm is to maximize its profits without any goal to satisfy the social welfare and needs of the society.

Free market

A free market is also known as a laissez-faire market where there is no government interference in the functioning of the organization and the aim is to maximize their profits.

Marketing is done to ensure that the product reaches the target audience to attract sales, resulting in increase of profits.

Hence, the correct option is B that the marketing is an essential step undertaken to ensure healthy profits for a firm under free market.

Learn more about free market here:

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