PART ONE: Is the Statement True or False? Why? Indicate whether the statement is true or false, and then in I-2 COMPLETE sentences give your rationale as to WHY you think the statement is true (ie, give an example, evidence or a supportive statement) or false (indicate what is wrong and correct the statement to make it true). The demand for business products such as raw materials is called chain demand because organizations buy products to be used in producing their customers' products. CSR, which stands for Corporate Social Responsibility, is a form of corporate governance that prioritzes shareholder value in business operations. 3. For exchange to occur, there must be four parties with at least one party having something that might be of value; each party is capable of communication and delivery; each party is free to accept or reject the exchange offer, and 4. Joint ventures involve entering the global marketplace by seiling domestically produced goods across national borders. 5. The four marketing philosophies are commonly referred to as production, sales, market, and societal marketing orientations. 6. Revenue is the price charged to customers multiplied by the number of units sold minus the cost to produce the product and the costs to operate the business; it is synonymous with profit. 7. SWOT stands for strengths, weaknesses, opportunituies, and threats and is part of the firm's situation analysis. 8. A sales orientation is based on the marketing concept, which is the idea that the social and economic justificatic for an organization's existence is the satisfaction of customer wants and needs while meeting organizational objective