Examlex
In a firm operating as a total "system" to implement the marketing concept:
Producing
The action of making, creating, manufacturing, or bringing something into existence.
Purchasing
The process of acquiring goods or services to accomplish the goals of an organization or individual.
Tangible Property
Physical assets that can be seen, touched, and possessed, such as real estate, vehicles, and equipment.
Physical Existence
Physical existence refers to the state of being tangible, having a material body or form that can be perceived by the senses.
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