What is the difference between customer and consumer please
explain with help of examples? Ans: Customer is one who getting the goods and the Consumer is one who is the end user of any goods or services. Consumers are incompetent to resell any invention or service. Customers need to purchase a product or service in order to use it. The words “customer” and “consumers” are often interchangeably used and are easily disorganized with one another. It is high time that common folk and businesses alike learn the meaning of “customer “and “consumer”
What includes in Market analysis and why companies should
conduct it? Ans: Market analysis is one of that B2B (Business to Business) and second one is B2C (Business to Customers) B2B is one business to sells services and goods to others B2C is that sells products and provides And you also know about your products your customers your competitors also What includes in 4P’s explain with the help of one practical example? Ans: there more some 4ps but we are describing here only 4pc which is related to entrepreneurs, which mention below 1: Price 2: Promotion 3: Products 4: Place We should need to know what will be the price of our Products and how we can promote them, we can also promote them as billboard, streamers roadshow etc. Need to choose the place where our products can be good sell so that our financial volume be good Price should be low as compare to our products so that income volume could be increase, Explain what includes in a customer profile? Ans: customer profile exemplary is a picture of an individual or a set of customers which includes different appearances and other important information. A customer profile example is also known as user profile template and it helps businesses make decisions by protection track of habitué material.