BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Selling
|
|
|
Place
|
|
|
Promotion
|
|
|
Marketplace
|
Detailed explanation-1: -Retail is the sale of goods and services directly to consumers.
Detailed explanation-2: -Cost of sales (also known as “cost of goods sold") refers to the cost required to manufacture or purchase a product that is then sold to a customer. Essentially, the cost of sales refers to what the seller has to pay in order to create the product and get it into the hands of a paying customer.
Detailed explanation-3: -Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This amount includes the cost of the materials and labor directly used to create the good.
Detailed explanation-4: -Trade is the art of buying and selling goods and services. It helps people to make money. It can be done within a country as well as with other countries of the world.