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
One of the benefits that marketing services has compared to marketing physical goods is that they require a lower financial investment.
One of the benefits that marketing services has compared to marketing physical goods is that they require a lower financial investment.
The correct answer is "financial investment."
To arrive at this answer, it is important to understand the difference between marketing services and marketing physical goods.
Marketing services refer to promoting and selling intangible offerings such as consulting, professional advice, or expertise. On the other hand, marketing physical goods involves promoting and selling tangible products.
Compared to marketing physical goods, marketing services typically require a lower financial investment. This is because marketing services do not involve the production or distribution of physical products, thus eliminating costs associated with manufacturing, transportation, and inventory management. Instead, marketing services mainly rely on human expertise, skills, and knowledge, which can often be leveraged more efficiently and cost-effectively.
In contrast, marketing physical goods involves upfront costs related to raw materials, production, packaging, shipping, and storage. These costs can significantly increase the financial investment required to market physical goods.
Considering this, the correct answer is "financial investment" since marketing services typically involve lower financial costs compared to marketing physical goods.