ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Goods
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Services
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Marketing
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Tangible
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Detailed explanation-1: -Services are intangible items that have monetary value and satisfy customers’ needs and wants. Examples of economic services are banks, movie theaters, and accounting services.
Detailed explanation-2: -Tangible items (you can touch) that have monetary value; and satisfy your needs and wants. Intangible items (can’t touch) have have monetary value and satisfy your needs and wants. The idea that a business should strive to satisfy customers’ needs and wants while generating a profit for the business.
Detailed explanation-3: -Intangible items that have monetary value and satisfy your needs and wants are services. Intangible means you cannot physically touch an item. Services involve a task, such as cooking a hamburger or cutting hair. Banks, dry cleaners, and accounting offices all provide economic services.