Both Goods and Services Can Be Standardized for the Mass

question 24

True/False

Both goods and services can be standardized for the mass market or customized to individual needs.

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Definitions:

Promotion

A strategy used to raise awareness about a product, service, or entity, typically aiming to increase sales or public recognition.

B2B Products

B2B products are goods and services marketed and sold from one business to another, as opposed to consumer-facing transactions.

Sales Volume

The quantity of products or services sold within a particular period, indicating the level of business activity.

Promotional Strategy

A marketing approach aimed at communicating the value of a product or service to customers, intending to increase sales.