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LM2

Marketing involves promoting and selling goods and services through advertising and other activities like product design and consumer research. Sales are transactions where products or services are exchanged for money, giving the buyer possession in return for payment. A supply chain is a network of businesses, activities, information, and assets involved in locating, producing, and transporting commodities from suppliers to buyers. Finance and accounting involves obtaining capital for spending through methods like credit and loans, and gathering, compiling, and reporting information on business transactions according to accounting guidelines and practices.
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0% found this document useful (0 votes)
31 views

LM2

Marketing involves promoting and selling goods and services through advertising and other activities like product design and consumer research. Sales are transactions where products or services are exchanged for money, giving the buyer possession in return for payment. A supply chain is a network of businesses, activities, information, and assets involved in locating, producing, and transporting commodities from suppliers to buyers. Finance and accounting involves obtaining capital for spending through methods like credit and loans, and gathering, compiling, and reporting information on business transactions according to accounting guidelines and practices.
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 Marketing, a wide range of actions used to promote and sell your goods and services to

consumers. Even while advertising is the most popular form of marketing, it also includes other
elements like product design and consumer research.
 Sales, a transaction that involves exchanging products or services for a specific sum of money.
To put it another way, a sale is any action that involves giving the buyer possession of a thing or
commodity in return for payment.
 Supply chain, a networked system of businesses, activities, information, and assets created to
locate, produce, and transport commodities from their point of origin to their final destination,
usually from a supplier to a buyer.
 Finance and Accounting, is the procedure for obtaining capital or funding for any form of
spending. It is the act of directing various financial resources such as credit, loans, and invested
capital to those parts of the economy that need them most or can use them most effectively.
Accounting, the process of gathering, compiling, and reporting information on business and
financial transactions. also this system's guidelines and practices.

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