BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Everyday by people, in places, with communication
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Marketing occurs wherever customers are located
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both of them
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None of the above
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Detailed explanation-1: -Marketing can occur in everyday places, where ever customers are present, and in all kinds of business. Who takes part in marketing? Everyday people take part in marketing. Marketers are those individuals and businesses who connect goods and services to the people who buy them.
Detailed explanation-2: -Marketing enables a business to provide information about its products and services to prospective customers. You’re letting people know what you sell, what it’s for, why they might care, and the benefit they might gain from using it.
Detailed explanation-3: -Marketing occurs when the transaction takes place and both the buyer and seller exchange something of value. Both parties are better off at the end because each one satisfied their unmet needs.
Detailed explanation-4: -A two-sided market has both buyers and sellers, meaning that market participants can both buy and sell against these other market actors. Sometimes, market-makers are established to provide prices on both sides of the market at the same time.