1.lt refers to an actual place where buyers and sellers meet face to face. 2.lt is where we get the goods or products being consumed everyday. 3.lt is the starting point of the accounting process.

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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1.lt refers to an actual place where buyers and sellers meet face to face.
2.lt is where we get the goods or products being consumed everyday.
3.lt is the starting point of the accounting process.
4.lt provides a picture of where the entrepreneurial endeavor is directed and what the
organization can become in the future.
5.The firm can use statistical tools to analyze the information and help them decide
which part of the whole market they can serve using their resources in the best possible
manner.
Transcribed Image Text:1.lt refers to an actual place where buyers and sellers meet face to face. 2.lt is where we get the goods or products being consumed everyday. 3.lt is the starting point of the accounting process. 4.lt provides a picture of where the entrepreneurial endeavor is directed and what the organization can become in the future. 5.The firm can use statistical tools to analyze the information and help them decide which part of the whole market they can serve using their resources in the best possible manner.
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