MANAGEMENT

Detailed explanation-1: -One of the most important reasons businesses market their products and services is to drive profitable customer action. The purpose of marketing is to influence profitable customer action. Organizations and brands embrace marketing to ensure their continuous overall success.

Detailed explanation-2: -Boosting sales: Since marketing utilizes different ways to promote products or services, it helps in increasing the likelihood of better sales. Happy customers translate into a company’s brand ambassadors automatically. Staying relevant: Marketing helps a business to remain relevant to the customers and in its domain.

Detailed explanation-3: -The two causes of an increasing or decreasing sales number are the price and volume of goods sold by a company. The increase in sales might be explained by the fact that the retailer has raised the product’s price or sold more units at an older price.

Detailed explanation-4: -The key purpose of marketing is to get people interested in the products or services of a company. This happens through market analysis, research and contemplating the interest of a business’s ideal customers and attracting them through messaging which would be educational and helpful to a business’s target group.

Detailed explanation-5: -To increase sales you may have to introduce new products or services, expand your market, increase your marketing activities or improve customer service. If you are a manufacturer, this could mean increasing your productivity to meet demand.