It is called production.
production
Me
consumption
goods are tangible and transferable , services are not
Thee basic economic activities are; production- is any activity design to satisfy people's wants. consumption- is using up of goods and services to satisfy our wants. exchange- people can satisfy some of their wants by producing some goods and services themselves.
production
industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective. industrial market this are the organizations (business or nonbusiness) that require goods and services which are used in the production of goods or services thay they later sell or distribute at a profit or to satisfy an objective.
Me
consumption
goods are tangible and transferable , services are not
Thee basic economic activities are; production- is any activity design to satisfy people's wants. consumption- is using up of goods and services to satisfy our wants. exchange- people can satisfy some of their wants by producing some goods and services themselves.
goods and services
the exchange of goods and services without the use of money is
Marketing (Management) 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 goals.
business is a bad thing so leave it
There are never enough goods and services to satisfy all wants and needs.
Capital