The ENTREPRENEURSHIP encyclopedia
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MARKETAny place where suppliers, makers and distributors sell and consumers
buy. Businesses that operate in markets are usually in competition with other
businesses. | ||
MARKETINGthe process of researching, promoting, selling and distributing a
product or service. Marketing covers a broad range of practices,
including advertising, publicity, promotion, pricing, and overall
packaging of the goods or services. | ||
MARKETING CHANNELSDifferent ways that you can get your products and services to your
customers. They are useful because they can make your goods and services more
available and accessible. Examples could include; wholesalers, retail sales
agents or catalogues. | ||
MATCHING GRANTsometimes called
challenge funds, requires the recipient to raise an equal amount of money in
order to receive the offer amount. | |
MULTILEVEL MARKETING (MLM)Any business in which a person receives proceeds from their own sales
and from the sales made by people they have signed up, and potentially people
those people have signed up, and so on. | ||