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). 3. For exchange to oceur, there must be four partica with at least one party having sornelhing that might be of valuc, each party is capable of communication and delivery; each party is free to aceept or coject the exchange offer, int cach party believes it is appropriate or desirable to deal with the ofher party. 4. Joint ventures involve entering the global marketplace by selling domeuleally produced goods across national borders. 5. The four marketing philosophies are commonly referred to as produetion, nsies, market, and societal marketimg orientations: 6. Revenue is the price charged to customers multiplied by tho mamber 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, opportunituics, 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 justification for an organization's cxistence is the satisfaction of customer wants and neods while meeting organizational objective