The act of creating exchange for the satisfaction of human needs at a profit is Based on usage, products can…

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The act of creating exchange for the satisfaction of human needs at a profit is Based on usage, products can be classified into

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1. The act of creating exchange for the satisfaction of human needs at a profit is marketing. Marketing involves identifying customer needs, developing products or services to meet those needs, pricing them appropriately, promoting them, and distributing them to achieve sales and profit. B. marketing 2. Based on usage, products can be classified into industrial and consumer products. Consumer products are bought by final consumers for personal consumption. Industrial products are bought by individuals and organizations for further processing or for use in conducting a business. B. industrial and consumer

The act of creating exchange for the satisfaction of human needs at a profit is Based on usage, products can be classified into

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