MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Marketing is used to find out if there is a demand for a product
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Option B is the correct answer. Marketing is a tool used to create awareness about the company’s products to increase demand for the products. This helps in increasing the company’s revenues. As the demand for the goods increases, the production activities will also increase, resulting in more jobs in the economy.

Detailed explanation-2: -Definition: Market demand describes the demand for a given product and who wants to purchase it. This is determined by how willing consumers are to spend a certain price on a particular good or service.

Detailed explanation-3: -The key purpose of marketing is to get people interested in the products or services of a company. This happens through market analysis, research and contemplating the interest of a business’s ideal customers and attracting them through messaging which would be educational and helpful to a business’s target group.

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