Answer to Question #211898 in Economics for Aayush

Question

Define the term market and marketing. “Most of the livestock products are perishable in nature and need urgent marketing” so what types of marketing strategies should be made to increase profit? Explain the problems facing by Nepalese livestock and livestock product marketing.

Answer 1

Market, a means by which the exchange of goods and services takes place as a result of buyers and sellers being in contact with one another, either directly or through mediating agents or institutions.

Marketing refers to all activities a company does to promote and sell products or services to consumers.