BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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creating, distributing, promoting, and pricing products to facilitate satisfying exchange relationships with customers
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delivering a standard of living to society
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creating, distributing, promoting, and pricing goods, services and ideas to facilitate the achievement of the firm’s objectives
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focusing on customers’ needs
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Detailed explanation-1: -Defining marketing Marketing is about planning and executing the development, pricing, distribution and promotion of products and services to satisfy the needs of your customers.
Detailed explanation-2: -The purpose of a marketing plan is to have a defined path to go to obtain new customers, strengthen relationships with current customers and clients, increase sales, improve retention and increase brand awareness.
Detailed explanation-3: -Increase sales of a particular product, in a specific market or price range. Extend or regain market share for an existing product or service. Introduce a new product or product line.
Detailed explanation-4: -There are various types of marketing objectives, but the four main types are profitability+ objective, market share objective, promotional objective, and growth objective.