BUISENESS MANAGEMENT
MARKET RESEARCH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A physical or virtual item that satisfies a need or a want involves ____
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Product
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Promotion
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Price
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Place
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Explanation:
Detailed explanation-1: -2. A commodity is anything that can be offered to market to satisfy a want or need.
Detailed explanation-2: -There are four types of products and each is classified based on consumer habits, price, and product characteristics: convenience goods, shopping goods, specialty products, and unsought goods.
Detailed explanation-3: -In marketing, a product is an object, or system, or service made available for consumer use as of the consumer demand; it is anything that can be offered to a market to satisfy the desire or need of a customer.
There is 1 question to complete.