Business activities that direct the flow of goods and services from the producer to the consumer is

Assessment: WAEC SSCE - Commerce - 1997 (Objective) Subject: Commerce

Question 1 Report

Business activities that direct the flow of goods and services from the producer to the consumer is
Answer Details
Marketing refers to the process of directing the flow of goods and services from the producer to the consumer. It involves identifying the needs of potential customers, developing products or services to meet those needs, and promoting and distributing them effectively. Marketing encompasses a wide range of activities, including market research, product development, pricing, advertising, and sales. The goal of marketing is to create a mutually beneficial exchange between the producer and the consumer, where the consumer receives a product or service that meets their needs and the producer receives compensation for providing that product or service.

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