Question

Tim Thompson has developed a new product, found a store willing to sell it, and has agreed to help promote the product's sale. Tim Thompson is engaging in the activity of:

A. retailing.
B. marketing.
C. researching.
D. discounting.
E. exchanging.

Answer 1

Tim Thompson is engaging in the activity of marketing by developing a new product and promoting its sale, which contributes to a competitive market.

Step-by-step explanation:

When Tim Thompson developed a new product, found a store willing to sell it, and agreed to help promote the product's sale, he is engaging in the activity of marketing. Marketing involves not just the selling of products but also includes activities aimed at understanding the needs and wants of consumers, developing products that satisfy those needs, promoting products, and establishing a distribution strategy. By developing a product and involving himself in its promotion and sale, Tim Thompson is contributing to the competitive market, potentially benefiting consumers with better quality and lower-priced options.