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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
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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.
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