Question

What is the importance of markets?
What are the benefits of marketing?
Explain any one type of distribution channel.​

Answer 1

Answer:

As everyone knows, free markets are important because they voluntarily bring together willing buyers and sellers. Supply and demand are the sine qua non of economics. In fact, so important is their function that, in classical economic theory, a free market occurs only when no single buyer or seller can determine price.

Benefits of Good Marketing

Sales. When you employ good marketing tactics, you will make more sales.

Reputation. Your business reputation is very important. ...

Audience. ...

You earn trust. ...

Knowing what works. ...

Learning the marketplace.

Distribution channels include wholesalers, retailers, distributors, and the Internet. In a direct distribution channel, the manufacturer sells directly to the consumer. Indirect channels involve multiple intermediaries before the product ends up in the hands of the consumer.

Answer 2

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1) The advantages of a market economy include increased efficiency, productivity, and innovation. In a truly free market, all resources are owned by individuals, and the decisions about how to allocate such resources are made by those individuals

2) The Lower Prices. Marketing activities increase demand, which could result in a lower price. ...

Economic Utilty. The functions of marketing add value to a product

3) The Distribution channels are wholesalers, retailers, distributors, and the Internet. In a direct distribution channel, the manufacturer sells directly to the consumer. Indirect channels involve multiple intermediaries

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