ENTREPRENEURSHIP

Detailed explanation-1: -Market-A group of individuals with unsatisfied wants and needs who are willing and able buyers. It can be defined as narrowly as a specific place where buying and selling takes place or as broadly as the demand for a product.

Detailed explanation-2: -What is place strategy? Place strategy is an aspect of a company’s marketing mix that focuses on where the company sells its products so that they’re easily available to the target market. A marketing mix is a marketing strategy organized around the four Ps of marketing, which are product, promotion, place and price.

Detailed explanation-3: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ‘’ or the combined tools and methodologies used by marketers to achieve their marketing objectives.

Detailed explanation-4: -commerce. noun. the activity of buying and selling goods and services.

Detailed explanation-5: -Distribution (or place) is one of the four elements of the marketing mix: the other three elements being product, pricing, and promotion.