ENTREPRENEURSHIP

INTRODUCTION TO ENTREPRENEURSHIP

IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
GOODS AND SERVICE REACH THE MARKET PLACE THROUGH
A
MARKETING CHANNELS
B
MULTILEVEL PYRAMIDS
C
MONOPOLIES
D
MULTIPULICATION
Explanation: 

Detailed explanation-1: -Goods or services reach the marketplace through marketing channels. A marketing channel is a framework that guarantees the conveyance of the product from the maker to the shoppers by going it through various levels called middlemen.

Detailed explanation-2: -A distribution channel is the network of businesses or intermediaries through which a good or service passes until it reaches the final buyer or the end consumer. Distribution channels can include wholesalers, retailers, distributors, and even the internet.

Detailed explanation-3: -Today, the most popular types of marketing channels are websites, email, targeted digital advertising, and events (digital or in-person). In the past, people usually used a direct distribution channel (like mailers) or an indirect marketing channel (like television).

Detailed explanation-4: -There are three types of marketing channels: communication, distribution and service channels. Communication channels deliver marketing messages to potential customers. Distribution channels are the delivery method for products. Service channels aid companies in carrying out business transactions.

Detailed explanation-5: -A marketing channel is described as the set of people, organizations, and activities that work together to transfer goods and services from the point of origin to the point of the marketplace.

There is 1 question to complete.