MANAGEMENT

Detailed explanation-1: -In basic terms, marketing is the process of identifying customer needs and determining how best to meet those needs. In contrast, advertising is the exercise of promoting a company and its products or services through paid channels. In other words, advertising is a component of marketing.

Detailed explanation-2: -Marketing is one of the most important things a business can do. Not only does marketing build brand awareness but it can also increase sales, grow businesses and engage customers.

Detailed explanation-3: -Socially responsible marketing is not one of the 4 components of holistic marketing which are relationship marketing, integrated marketing, internal marketing and performance marketing. Was this answer helpful?

Detailed explanation-4: -The marketing mix, also known as the four P’s of marketing, refers to the four key elements of a marketing strategy: product, price, place and promotion.

Detailed explanation-5: -Advertising is one aspect of marketing. While marketing is the overall approach to speaking to customers about your brand, advertising is usually a paid form of messaging designed to lead to sales. Advertising can be short-term for a special promotion or ongoing, but usually requires a financial investment.