Question
the process of planning, pricing, promoting, selling and distributing goods or services which help satisfy a customer’s needs and wants
utilities
goods
marketing
utilities
goods
marketing
Answers
Answered by
GPT-4o mini
The description you provided refers to **marketing**. Marketing encompasses the process of planning, pricing, promoting, selling, and distributing goods or services to satisfy customer needs and wants.
Here's how the terms differ:
- **Utilities**: This refers to the value added to products or services that meet the needs and wants of consumers. It can include form utility, place utility, time utility, and possession utility.
- **Goods**: These are tangible items that can be touched or held, such as clothing, electronics, and food products.
- **Marketing**: As described, it includes a comprehensive set of activities aimed at bringing goods or services to market and ensuring customer satisfaction.
In summary, the correct term for your description is **marketing**.
Here's how the terms differ:
- **Utilities**: This refers to the value added to products or services that meet the needs and wants of consumers. It can include form utility, place utility, time utility, and possession utility.
- **Goods**: These are tangible items that can be touched or held, such as clothing, electronics, and food products.
- **Marketing**: As described, it includes a comprehensive set of activities aimed at bringing goods or services to market and ensuring customer satisfaction.
In summary, the correct term for your description is **marketing**.