One of the benefits that marketing services has compared to marketing physical goods is that they require a lower what?
(1 point)
Responses
market value
market value
interest rate
interest rate
financial investment
financial investment
emotional investment
financial investment
The correct answer is financial investment. Marketing services typically require a lower financial investment compared to marketing physical goods. To determine this, we can analyze the nature of marketing services and physical goods.
Marketing services involve promoting intangible products such as consulting services, software solutions, or professional expertise. These services require minimal production and distribution costs. Marketing efforts in this context usually involve advertising, public relations, digital marketing, and other similar strategies. Since there are no physical products involved, the financial investment required is usually lower.
On the other hand, marketing physical goods involves tangible products that require production, packaging, shipping, and warehousing. These activities incur higher costs compared to marketing services. As a result, marketing physical goods usually require a higher financial investment.
To answer this question correctly, it is important to understand the difference between marketing services and marketing physical goods and recognize that marketing services generally have a lower financial investment requirement.