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Continue Learning about Marketing

A place that manufactures goods to be sold is called?

A place that manufactures goods to be sold is called a factory. Many places have there goods made somewhere else and the finished product delivered to them.


Is market a noun?

Yes, the word market is a noun; a singular, common noun. The noun 'market' is a concrete noun as a word for a place where goods are bought and sold; a place where people buy and sell shares in companies. The noun 'market' is an abstract noun as a word for trade in goods of a particular kind; the general place or group of people that a product is sold to (a foreign market, an urban market); the economic system in which prices, salaries, and the supply of goods are controlled by what and how much people buy.


What is the definition of ''marketing''?

of Market, The act of selling or of purchasing in, or as in, a market., Articles in, or from, a market; supplies.


What is the difference between the fact market and the product market?

The factor market is where resources, such as labor, capital, and land, are bought and sold to produce goods and services. In contrast, the product market is where finished goods and services are exchanged between producers and consumers. Essentially, the factor market deals with inputs used in production, while the product market focuses on the outputs of that production. Together, they form the basis of an economy's functioning, linking production and consumption.


What is the difference between mart and market?

Mart- An area in a town where a public mercantile establishment is set up.Market- The world of commercial activity where goods and services are bought and sold.