INTRODUCTION TO ENTREPRENEURSHIP
IMPORTANCE OF ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In order for a market to exist, consumers must have an unfulfilled desire for a product and
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Know who makes the product
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Know where the product is sold
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Have financial resources
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Have a specific brand preference
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Explanation:
Detailed explanation-1: -The four Ps are the four essential factors involved in marketing a product or service to the public. The four Ps are product, price, place, and promotion.
Detailed explanation-2: -economic want. Definition. an unfilled desire of a customer.
Detailed explanation-3: -A product is any good or service that fulfills consumer needs or desires. It can also be defined as a bundle of utilities that comes with physical aspects such as design, volume, brand name, etc.
There is 1 question to complete.