BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify a need and fill it.
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Increased profitability
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Development of products
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Gathering and Analysing Market information
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Detailed explanation-1: -A typical organization has three basic functions: operations, finance, and marketing. These three functions, and other supporting functions, perform different but related activities necessary for the operation of the organization.
Detailed explanation-2: -A firm is a for-profit business, usually formed as a partnership that provides professional services, such as legal or accounting services. The theory of the firm posits that firms exist to maximize profits.
Detailed explanation-3: -Needs: To find the right customers to buy your product/service so that you can make a profit. Wants: Ability to delegate work to others in your organization so you can increase sales and make an even higher profit. Pros: Targeting the right audience gets better results so that you can build a scalable business.