A set of business activities that add value to products and services sold to consumers for their personal use is called:
A)licensing.
B)manufacturing.
C)advertising.
D)retailing.
E)reselling.

Question

Quizplus · Accepted Answer

Retailing refers to the sale of products and services to consumers for their personal use. This includes activities such as creating a store layout, selecting and purchasing products to sell, setting prices, and providing customer service. Licensing involves granting permission for someone else to use your intellectual property, such as a trademark or patent. Manufacturing involves creating products from raw materials or components. Advertising involves promoting products or services through various channels, such as TV, radio, print, or online. Reselling refers to the act of selling products that have already been purchased from a supplier or manufacturer.

A Set of Business Activities That Add Value to Products