QuestionAugust 11, 2025

2. Identify three reasons that goods and services are sold. 3. Give an example of a tangible and an intangible product. 4. Where does selling occur? 5. How are products sold? 6. How do salespeople assist customers during the sales process?

2. Identify three reasons that goods and services are sold. 3. Give an example of a tangible and an intangible product. 4. Where does selling occur? 5. How are products sold? 6. How do salespeople assist customers during the sales process?
2. Identify three reasons that goods and services are sold. 3. Give an example of a tangible and an intangible product. 4. Where does selling occur? 5. How are products sold? 6. How do salespeople assist customers during the sales process?

Solution
4.1(128 votes)

Answer

1. Generate revenue, meet consumer needs, stimulate economic growth. ### 2. Tangible: Smartphone; Intangible: Software subscription. ### 3. Physical stores, online platforms, direct sales. ### 4. Retail, wholesale, e-commerce, direct sales. ### 5. Provide information, answer questions, facilitate purchases. Explanation 1. Identify reasons for selling goods and services Goods and services are sold to generate revenue, meet consumer needs, and stimulate economic growth. 2. Provide examples of tangible and intangible products A tangible product example is a smartphone; an intangible product example is a software subscription. 3. Determine where selling occurs Selling occurs in physical stores, online platforms, and through direct sales channels. 4. Explain how products are sold Products are sold via retail, wholesale, e-commerce, and direct sales methods. 5. Describe how salespeople assist customers Salespeople assist by providing product information, answering questions, and facilitating the purchase process.

Explanation

1. Identify reasons for selling goods and services<br /> Goods and services are sold to generate revenue, meet consumer needs, and stimulate economic growth.<br /><br />2. Provide examples of tangible and intangible products<br /> A tangible product example is a smartphone; an intangible product example is a software subscription.<br /><br />3. Determine where selling occurs<br /> Selling occurs in physical stores, online platforms, and through direct sales channels.<br /><br />4. Explain how products are sold<br /> Products are sold via retail, wholesale, e-commerce, and direct sales methods.<br /><br />5. Describe how salespeople assist customers<br /> Salespeople assist by providing product information, answering questions, and facilitating the purchase process.
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