INTRODUCTION TO ENTREPRENEURSHIP
TYPES OF ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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This is the process of satisfying the needs and wants of consumers through visual exchange.
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marketing
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management
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operations
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information technology
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Explanation:
Detailed explanation-1: -In marketing, a need is the consumer’s desire to get functional utility out of an offering. It’s the desire for the offering’s specific benefit that helps the consumer get the job done. On the other hand, a want is a desire for offerings or benefits that are not necessary. For example, food is a consumer need.
Detailed explanation-2: -Marketing is human activity directed at satisfying needs and wants through exchange processes.
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