GENERAL KNOWLEDGE

GK

MARKETING MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the function of marketing that studies customer demand and product features in order to place a value of money on a product?
A
Finance
B
Price
C
Product/Service Management
D
Selling
Explanation: 

Detailed explanation-1: -Customer marketing focuses on elevating and leveraging current customers’ experiences to improve retention and growth. Successful customer marketing relies on properly segmenting your audience, effectively engaging with customers, and maintaining a customer advocacy program.

Detailed explanation-2: -What Are the 4 Ps of Marketing? Product, price, promotion, and place form the four Ps of the marketing mix. These are the key factors that are involved in introducing a product or service to the public.

Detailed explanation-3: -Marketing Creates Value for Customers Boiled down to its essence, the role of marketing is to identify, satisfy, and retain customers. Before you can create anything of value, first you must identify a want or need that you can address, as well as the prospective customers who possess this want or need.

Detailed explanation-4: -Place (or distribution): The activities that make the product available to consumers.

There is 1 question to complete.