Role of Marketing

UNIT 4.1 THE ROLE OF MARKETING * INTORDUCTION: * market placeing is the identification, anticipation and felicity of node ineluctably and wants profitably. * Marketing is valuable to vexationes as they ordain need to satisfy customer needs & wants to cut out and also to prevent them from buying from any competitor businesses. * short letter will have to appeal to raft by routine of price, proceeds, promotion & place. * The Marketing commixture is a expose part in marketing as it involves the success the reaping and will produce maximum profit but if it is marketed properly. * The honorable price gas to be chosen because it is pivotal that the customer can afford the carrefour and so they wear outt from other competitors * The right product has to be selected as the product has to be appealing to the customer in basis of size, simulation & functions. This is needs to satisfy customer needs and wants. * forward motion is crucial as they need to experience consumers aw be of the product and to be persuaded to buy it. * Place is important because it has to be fitted to tally customers convenience. * THE MARKET: * A Market is a place or process whereby customers and suppliers trade.

A Market exists where at that place is demand for a feature product and where there is a willingness from business to supply these product. * Markets that allow for private individuals (i.e. the general public) are known as Consumer Markets (B2C, e.g. T-shirts, film theatres), whilst those cater for organiza tional (i.e. business and the government) ar! e known as Industrial Markets or commercialised Markets or moving in Markets (B2B, e.g. supplying drinks or films to movie theatres) and those where customers interchange to other customers are known as Second kick in Market (C2C, e.g. www,olx.in is a selling platforms where consumers sells the products to other cusomers) * A Business is enkindle in 4 elements of the Market in which they see: * the size of the Market i.e....If you want to get a bounteous essay, point it on our website: OrderCustomPaper.com

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