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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market3 Marks
Question
What are the features of marketing.
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Answer

  1. Process: It's a process of discovering and translating consumer needs and wants into products and services.
  2. Way: It is a way of creating demand for the products and services.
  3. Demand: It helps in increasing the demand for the commodity.
  4. Chain: It activates the production-consumption chain in an economy.

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