BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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supply and demand
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market forces
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competition
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profit
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Detailed explanation-1: -The customer is the foundation of a business and keeps it in existence…. Because it is its purpose to create a customer, any business enterprise has two-and only these two-basic functions: marketing and innovation. The relationship you have with your customers is central to the purpose of your business.
Detailed explanation-2: -Chapter 2 offers a model describing three driving forces that must be in balance during the startup process: the entrepreneur, the opportunity, and resources.
Detailed explanation-3: -The main motto of marketing is to increase the sale of the company by satisfying its customer’s needs and wants. Marketing is the driving force of all the businesses because: 1. It always focuses on the customer’s needs and wants.