Advertisements
Advertisements
Question
______ means exchange of a product, or service between a buyer and a seller while ______ means all the activities involved in planning, pricing, promoting and distributing want satisfying products and services.
Options
Sales, selling
Market, marketing
Product, promotion
Cost, pricing
Solution
Market means exchange of a product, or service between a buyer and a seller while marketing means all the activities involved in planning, pricing, promoting and distributing want satisfying products and services.
Explanation:
- A market is the place or platform where the exchange of goods or services between buyers and sellers takes place.
- Marketing encompasses all the strategic activities, including planning, pricing, promoting, and distributing products or services, aimed at satisfying customer needs and achieving business goals.
APPEARS IN
RELATED QUESTIONS
Standardised products are ______ in nature.
List any two features of a Service.
Which of the following is not a services?
A ______ is technology based whereas a ______ is person-based.
A ______ is an intangible product involving a deed, a performance or an effort that cannot be stored or physically possessed.
______ makes a service different from a product.
On the basis of ownership, distinguish between a product and a service.
"Services are not homogeneous". Justify with reason.
Distinguish clearly between products and services, giving examples.
Differentiate between a product and a service.
