Commercial Applications
…………… 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.
- Sales, selling
- Market, marketing
- Product, promotion
- Cost, pricing
Markets & Marketing
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Answer
Market, marketing
Reason — A market refers to the exchange of products or services between buyers and sellers. Marketing is a wider concept that includes all activities such as planning, pricing, promotion and distribution involved in satisfying customer wants.
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Reason (R): Tangibility is a key characteristic of a product.
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