BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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manufacturing goods for consumption
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getting goods to where they are needed
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finding the money necessary to start and finance a business
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all activities that link producers to consumers in order that exchanges can be made
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Detailed explanation-1: -Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.
Detailed explanation-2: -A marketing exchange is what happens any time two or more people trade goods or services. In marketing theory, every exchange is supposed to produce “utility, ” which means the value of what you trade is less than the value of what you receive from the trade.
Detailed explanation-3: -The four main areas of marketing are: The 4 Ps Product: The product you want to market. Price: The price at which you want to sell the product. Place: The place from which the customer or buyer will purchase the product. Promotion: Promotion is the way you want to promote your product.
Detailed explanation-4: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ” or the combined tools and methodologies used by marketers to achieve their marketing objectives.