Business Development

In a simple or narrowly the market means as a place for transactions (sales and purchases) that are made by the seller and the buyer which is happening at certain time and place. Widely definition of the market according W.J. Stanton is the people who have a desire to meet the needs, money to spend and a willingness to spend.

Generally, a transaction involving products / goods or services with money as a means of transactions legitimate payment and approved by both parties to transact. Production activity is an activity to process, processing, and changing the factors of production that are not / useless / useful to have a greater benefits.

Factors of production that are commonly used are labor, land, and capital. The scarcity for just one factor of the production usually causes an increase on prices.

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Tags: Marketing Information . This entry was posted on Sunday, February 21st, 2010 at 6:21 pm and is filed under Marketing Tips, Network Marketing, Sales. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.