MANAGEMENT

Detailed explanation-1: -Marketing is the Process of Communicating the Value of a Product or Service to Customers.

Detailed explanation-2: -Marketing refers to all activities a company does to promote and sell products or services to consumers. Marketing makes use of the “marketing mix, ” also known as the four Ps-product, price, place, and promotion.

Detailed explanation-3: -Value communication involves communicating credibly, in monetary terms, the differentiating benefits of your product. The goal, particularly for a higher-priced product, is to establish for the customer the “value” identified during the value creation stage.

Detailed explanation-4: -Marketing is a set of activities related to creating, communicating, delivering, and exchanging offerings that have value for others. In business, the function of marketing is to bring value to customers, whom the business seeks to identify, satisfy, and retain.