Question

(3) Explain the concept of market.​

Answer 1

Answer:

A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.

Explanation:

The marketing concept involves identifying consumer needs and wants and then producing products (which can be goods, services, or ideas) that will satisfy them while making a profit.

Answer 2

Answer:

A Market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the countries, regions, states and

cities. The value, cost and price of items traded are as per forces of supply and demand in a market.

Explanation:

If you will like this answer then Mark me as Brain list and PLS FOLLOW me permanently!!!!