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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Which of the following is a marketing function that can be performed by channel intermediaries:
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Promoting products
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Monitoring union activities
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Training employees
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Recruiting workers
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Explanation:
Detailed explanation-1: -Channel intermediaries are persons or businesses that perform channel functions in an indirect channel of distribution. They can be responsible for such marketing functions as buying, selling, pricing, marking, storing, packaging, promoting, and financing.
Detailed explanation-2: -Marketing channels perform the following generic functions: collecting market information, stimulating demand, carrying inventory, physically distributing products, supporting transactions, and providing after-sale service. Some of these functions are straightforward; but several merit a few words of explanation.
Detailed explanation-3: -transactional functions. logistical functions, and. facilitating functions.
There is 1 question to complete.