ENTREPRENEURSHIP

Detailed explanation-1: -Define “Marketing”. The process of developing, promoting, and distributing products, or goods and services, to satisfy customers’ needs and wants. Goods are tangible items such as sports equipment. That is, you can touch and feel them.

Detailed explanation-2: -Commercialization is the process of bringing new products or services to market. The broader act of commercialization entails production, distribution, marketing, sales, customer support, and other key functions critical to achieving the commercial success of the new product or service.

Detailed explanation-3: -Marketing is the process of getting the right goods or services or ideas to the right people at the right place, time, and price, using the right promotion techniques and utilizing the appropriate people to provide the customer service associated with those goods, services, or ideas.

Detailed explanation-4: -Customer segmentation is the process of classifying customers into specific groups based on shared characteristics.