Answer:
(A)cannot be physically possessed
Explanation:
A service is any intangible offering that involves a deed, performance, or effort that cannot be physically possessed.
A service is a transaction in which no physical good is transferred to the buyer.
Some of the major properties of Services are:
- Intangibility
- Perishability
- Uniqueness
Examples of services are Education, Consultancy, Repair and maintenance services, Electricians, Plumbing
, Law enforcement (provides the service of identifying and apprehending criminals) etc.
Answer:
marketing
Explanation:
Marketing may be defined as the business or the action of promoting as well as selling products or the services, which includes a market research and the advertising. It is the activity, the organization undertakes to foster promote by buying or by selling a product or a service in the market.
The 4Cs that is used in the concept of marketing is Convenience, Communication, Consumer solution, Cost. They are quite similar to the 4P model of marketing i.e. Place, Promotion, Product, Price. These models are used in marketing to enhance the 'marketing mix'.
Answer:
The correct answer is letter "D": simultaneously compete against each other in the same product areas geographic markets.
Explanation:
Multi-market competition happens when companies offering a similar product make contact in multiple markets. The level o competition shapes according to the region where the goods or services are being offered and in different markets, different consumers decide which company is taken as the preferred.
Though, the constant contact of competitors in different regions could decrease their competition since they might use their mutual help in adverse areas to be able to conduct their businesses.
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