The performance of business activities that directs the flow of goods and services from the producer to the consumer is?

Assessment: WAEC SSCE - Commerce - 1993 (Objective) Subject: Commerce

Question 1 Report

The performance of business activities that directs the flow of goods and services from the producer to the consumer is?
Answer Details
The correct answer is "marketing". Marketing is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives. It involves identifying and understanding the needs and wants of customers, and then creating and delivering products and services that satisfy those needs and wants. The goal of marketing is to create and maintain a mutually beneficial relationship between the producer and the consumer, and to ensure that products and services are delivered efficiently and effectively from the producer to the consumer.

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