BUSINESS ADMINISTRATION
RETAIL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Company.
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Product.
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Service.
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Mercado.
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Client.
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Detailed explanation-1: -Consumers are defined as individuals or businesses that consume or use goods and services. Customers are the purchasers within the economy that buy goods and services, and they can exist as consumers or alone as customers.
Detailed explanation-2: -What Is a Product Line? A product line is a group of related products all marketed under a single brand name that is sold by the same company.
Detailed explanation-3: -A vendor is a general term for anyone who buys and sells goods or services. A vendor purchases products and services and then sells them to another company or individual.
Detailed explanation-4: -Economic market structures can be grouped into four categories: perfect competition, monopolistic competition, oligopoly, and monopoly. The categories differ because of the following characteristics: The number of producers is many in perfect and monopolistic competition, few in oligopoly, and one in monopoly.