ENTREPRENEURIAL MARKETING
MARKETING MIX
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which best describes marketing?
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The process of making a product no one has ever come up with and bringing it straight to sale
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The process of identifying and satisfying customer needs and wants while making a profit
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The process of identifying customer wants while making a profit
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Making a product and bringing it straight to sale
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Explanation:
Detailed explanation-1: -The marketing concept involves identifying consumer needs and wants and then producing products (which can be goods, services, or ideas) that will satisfy them while making a profit.
Detailed explanation-2: -In marketing, satisfying customer needs and wants is the easiest way to increase profits and sell more products and services. The definition of desire in marketing is finding what the consumer is longing for and needing. Marketing strategies look to fulfill different needs to get the consumer to buy the product.
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