Define the Following

question 12

Essay

Define the following
-Invisible hand discrimination

---

Definitions:

Consumer Demand

The desire and willingness of consumers to purchase goods and services at various price points, influencing market dynamics and pricing.

Internal Marketing

Refers to a company's efforts to train, motivate, and equip its employees to serve its customers better.

Product Management

The organizational function responsible for the strategy, roadmap, and feature definition of a product or product line throughout its lifecycle.

Inseparability

A characteristic of services indicating that they are produced and consumed simultaneously, and cannot be separated from their providers.