ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is meant by ‘place’ in business?
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Where a business is
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Where a business sends products
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Where a business owner lives
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Where customers live
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Explanation:
Detailed explanation-1: -What does ‘place’ mean in the context of running a business? Place can refer to any location that you use to deliver your business, or that a customer comes into contact with your business.
Detailed explanation-2: -A business location is defined as a place or structure occupied by a firm to run its operations.
Detailed explanation-3: -To determine the place of establishment, account is therefore taken of the place where: the essential decisions concerning the general management of the business are taken; the place where the registered office of the business is located; and. the place where management meets.
There is 1 question to complete.