Question

In scope of market is local

Answer 1

Answer:

The scope of marketing means the practise of company involving in the different types of entity such as Goods, Service, Experience, Events Person, Organization, Information ideas, Properties ,Customer support and satisfaction etc .

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Answer 2

The statement is true that the scope of the market is local.

Explanation:

• This statement means that for the development of the market for a particular trade the market is dependent on the local consumption of the particular product. If there are mood utility and more scope of the market there will be increase in the number of producers.
• Hence there will be increase in the profit and hence the productivity of Good will increased with time. Hence the scope of the market is always local