Question : Which function of marketing is highlighted in the given statement?
Statement: It is necessary to collect and analyse market information.
Option 1: Gathering and analysing market information
Option 2: Product designing and development
Option 3: Packaging and labelling
Option 4: Branding
Answer (1)
9th Jan, 2024
Correct Answer: Gathering and analysing market information
Solution : One of the important functions of a market is to collect and analyse market information. This is necessary to identify the needs of the customers and take a various decisions for the successful marketing of the products and services.
Hence, option A is correct.
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