Marketing Basics: Understanding Markets

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What is the basis of bifurcation of markets?

Type of product and quantity

What does the term 'market' encompass in modern times?

All potential buyers of goods and services

What is the objective of the process of interaction between buyers and sellers?

To exchange goods and services

What are the activities involved in the process of marketing?

Planning, designing, packaging, and many more

What is included in after sales activities in marketing?

Customer care and feedback

What is the broader concept that encompasses various activities involved in the exchange of goods and services?

Marketing

Test your knowledge of the basics of marketing, including the concept of markets, types of markets, and the process of marketing. Learn about the different types of markets, including wholesale and retail markets, and understand the objective of marketing.

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