Consumption System Definition and Explanation PDF Download
Learn Consumption System definition in marketing with explanation to study “What is Consumption System”. Study consumption system explanation with marketing terms to review marketing course for online MBA programs.
Consumption System Definition:
Way the user performs the tasks of getting and using products and related services.
Principles of Marketing by Philip T. Kotler, Gary Armstrong
Consumption System Explanation:
Consumption is defined as goods and services used by household. It is a process in which any product is completely perished, destroyed, and transferred to another form. It has significance in our daily lives, every time a person purchases an eatable item from debit card, he is adding to consumption. It is an important component in economics, which helps to determine the growth of the economy.
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