MANAGEMENT

Detailed explanation-1: -Marketer. A person who identifies the goods and services needed or wanted by customers and markets them.

Detailed explanation-2: -The role of a consumer in an economic system is critical because it is consumers who purchase goods. Marketing focuses on finding, serving and maintaining consumers. Until company makes something of value, they should first recognize the strong desire or need of prospective customers.

Detailed explanation-3: -The importance of marketing for your business is that it makes the customers aware of your products or services, engages them, and helps them make the buying decision. Furthermore, a marketing plan, a part of your business plan helps in creating and maintaining demand, relevance, reputation, competition, etc.

Detailed explanation-4: -What Is a Customer? A customer is an individual or business that purchases another company’s goods or services. Customers are important because they drive revenues; without them, businesses cannot continue to exist.