econmics

2. include strategies such as advertising, sales, markdowns, and personal selling.
4. and service management determines specifications and features of products that are desirable to consumers. It also incorporates development of new products by examining problems consumers have and designing solutions to solve them.
5. represents the path products take to reach end-users. Channels of distribution play a critical role in this factor of the marketing mix.
7. The concept of business refers to the aspects of making, selling, and providing products in exchange for money.
8. Businesses contribute to the well-being of customers by providing products that serve both needs and wants.
9. involves aligning the other functions of marketing to sell a product to the target customer at the right place, price, and time.
12. activities involve the input and output of money into a business.
13. A good is a tangible item that is produced and sold to consumers, and a service is the performance of a particular task in exchange for money.

1. activities refer to investments a business makes.
3. Markets By creating markets, businesses provide people with the opportunity to get what they want or need.
6. Marketing is the process or technique of promoting, selling, and distributing a product or service.
10. An idea is a formulated thought or opinion. It is important to differentiate goods, services, and ideas because each offers unique marketing opportunities.
11. A set list on an item that algins with the encomics market conditons it can change ofen depending on a variety of factors