INTRODUCTION TO ENTREPRENEURSHIP
DEFINITION OF ENTREPRENEURSHIP
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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TRUE
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FALSE
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Either A or B
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None of the above
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Detailed explanation-1: -Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses.
Detailed explanation-2: -Marketing is a broader concept than selling . Selling is the part of marketing Marketing includes various stages of promoting goods, creating its demand and advertising .
Detailed explanation-3: -Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. ( Approved 2017)
Detailed explanation-4: -The buying and selling are the exchange functions of marketing. They ensure that a firm’s offerings are available in sufficient quantities to meet customer demands. The exchange functions are supported by advertising, personal selling and sales promotions.
Detailed explanation-5: -Option B is the correct answer. Marketing is a tool used to create awareness about the company’s products to increase demand for the products. This helps in increasing the company’s revenues.