BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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manufacturing goods for consumption
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getting goods to where they are needed
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finding the money necessary to start and finance a business
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all activities that link producers to consumers in order that exchanges can be made
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Detailed explanation-1: -marketing, the sum of activities involved in directing the flow of goods and services from producers to consumers. Marketing’s principal function is to promote and facilitate exchange. Through marketing, individuals and groups obtain what they need and want by exchanging products and services with other parties.
Detailed explanation-2: -Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.
Detailed explanation-3: -The objective of a marketing exchange is to receive something that is desired more than what is given up to get it.
Detailed explanation-4: -Marketing is the combination of messages and programs (the 4 P’s–product/packaging, price, placement and promotion) that drive shoppers to choose your product or service over someone else’s.
Detailed explanation-5: -What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix, ” or the combined tools and methodologies used by marketers to achieve their marketing objectives.