MANAGEMENT

Detailed explanation-1: -The term marketing refers to a philosophy that stresses customer value and satisfaction. The marketing concept and philosophy states that the organization should strive to satisfy its customers’ wants and needs while meeting the organization’s goals. In simple terms, “the customer is king".

Detailed explanation-2: -The term marketing refers to: new product concepts and improvements. advertising and promotion activities. a philosophy that stresses customer value and satisfaction.

Detailed explanation-3: -Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses.

Detailed explanation-4: -place where buyer and seller bargain product or service for a price.

Detailed explanation-5: -The four Ps are a “marketing mix” comprised of four key elements-product, price, place, and promotion-used when marketing a product or service. Typically, businesses consider the four Ps when creating marketing plans and strategies to effectively market to their target audience.