The management process through which goods and services move from concept to the customer. It includes the coordination of four elements called the 4 P's of marketing. What are the 4 P's of marketing?
(1) identification, selection and development of a PRODUCT, (2) determination of its [RICE, (3) selection of a distribution channel to reach the customer's PLACE, and (4) development and implementation of a PROMOTIONAL strategy.
ho should write my letter(s) of recommendation?
An academic teacher from the junior or senior year of high school who knows the applicant well and can speak to his or her strengths, weaknesses and the qualities that differentiate him or her from the other students in the classroom should write the recommendation. If applicants have special talents they wish to be considered in the admissions process, a letter from, for example, a music teacher or debate coach is also helpful.
A market situation in which there are many buyers and sellers of a product, and no single buyer or seller can control the price is called what?
Perfect competition, a theoretical market structure that features no barriers to entry, an unlimited number of producers and consumers, and a perfectly elastic demand curve.