BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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producers
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consumers
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retailers
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wholesalers
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Detailed explanation-1: -Industrial goods are bought and used for industrial and business use. Consumer goods are ready for the consumption and satisfaction of human wants. While industrial goods are made up of machinery, plants, and raw materials, consumer goods are commodities purchased by a buyer like clothing, food, and drinks.
Detailed explanation-2: -Some products, like computers, for instance, may be both consumer products and business products, depending on who purchases and uses them. The product fills an important role in the marketing mix because it is the core of the exchange.
Detailed explanation-3: -Answer and Explanation: Goods and services are two things that can be marketed. Any good from a basketball, television, or gaming system can be marketed to the public. Any service from gardening, car washing, or hair cutting can be marketed.
Detailed explanation-4: -Physical goods that can be manufactured, or produced are the major items among those can be marketed. Examples include refrigerators, computers, music systems, food products, etc. Such physical goods constitute the bulk of production and marketing efforts.