ENTREPRENEURIAL PLANNING
MARKETING PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The economic term for the functions of marketing that add value to a product.
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pricing
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promotion
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selling
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utility
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Explanation:
Detailed explanation-1: -In marketing, utility refers to how a product can be useful to customers in a way that convinces them to make a purchase. Marketing utility is the idea that the best way to sell a product to a consumer is to show them how the product could provide value to their life.
Detailed explanation-2: -1:"Production is the creation of utility."-this is a true statement. Utility refers to the want-satisfying power of a commodity or a service. 2:Production refers to a process of manufacturing commodities or rendering services which in turn provides satisfaction to human wants.
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