MANAGEMENT

BUISENESS MANAGEMENT

MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Product involves either the product or service the business is selling to satisfy customer needs and wants
A
True
B
False
C
Either A or B
D
None of the above
Explanation: 

Detailed explanation-1: -Distribution is the process of making a product or service available for the consumer or business user who needs it, and a distributor is a business involved in the distribution stage of the value chain.

Detailed explanation-2: -Product. The product is the good or service being marketed to the target audience. Generally, successful products fill a need not currently being met in the marketplace or provide a novel customer experience that creates demand.

Detailed explanation-3: -Product Marketing Mix Definition. Product is the first P in the marketing mix and is defined as physical goods or services sold to make a profit for the business. The product is why marketing exists, and the best products are created to solve consumers’ real-world problems.

Detailed explanation-4: -The four Ps of marketing-product, price, place, promotion-are often referred to as the marketing mix. These are the key elements involved in planning and marketing a product or service, and they interact significantly with each other.

There is 1 question to complete.