MANAGEMENT

Detailed explanation-1: -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.

Detailed explanation-2: -The purpose of marketing is to reach your target audience and communicate the benefits of your product or service-so you can successfully acquire, keep, and grow customers. So, your marketing goals must relate to the specific business objectives your company wants to achieve.

Detailed explanation-3: -Marketing also satisfy needs. Marketing creates a transaction for exchanging the product for a value and thus create a satisfaction to the buyer’s needs. Marketing is based on identifying and satisfying customers’ needs profitability.

Detailed explanation-4: -Listening to your customer’s needs helps to: Create products or services that appeal to the customer, whilst meeting their expectations; Optimise customer service relations, because understanding your customer’s needs will help you better identify how to resolve their problems; Anticipate future customer needs.

Detailed explanation-5: -Some examples of marketing goals include: Building brand awareness. Generating a high volume of qualified leads. Establishing thought leadership. Attributing marketing activities to revenue generation.