Question

Project work (Business Studies) 10 marks :
Take A case study on any retail shop and record its functions, accounts, products it deals with and the social responsibilities of the business towards the customers and society. ?? plllz ​

Answer 1

Answer:

Needs and wants. The needs and wants of the target market should be identified.

Creating a market offering. The product offered should have the required features, should be made available at the right place, should have the right price and should be of requirement to the target market.

Customer value. The customer should get more value in comparison to the price he is ready to pay. It should be of benefit to him/her.

Exchange mechanism. Sellers and buyers need a place to meet so that one can give the product in return of the money paid, and with the will and freedom involved.