Advertisements
Advertisements
प्रश्न
Marketing is essential for the success of a business organisation. Give five reasons to support your answer.
Advertisements
उत्तर
Marketing is essential for the success of a business organisation.
The reasons behind the statement are as follows:
- Creating demand: Marketing enables the firm to determine what the customers want and then to design the product according.
- Providing Consumer Satisfaction: Marketing effectively considers the product's pricing, transportation, warehousing, and distribution channels.
- Co-ordination: Marketing establishes co-ordinates with other managerial departments.
- Profit maximisation: Marketing aims to maximize profit through consumers' satisfaction. It is the only way for the firm to generate revenue and profits.
- Goodwill: Marketing seeks to build the enterprise's reputation over time. The firm aims to establish a strong market presence by offering high-quality items at affordable costs and providing excellent after-sales support.
APPEARS IN
संबंधित प्रश्न
Explain the following term/concept.
Marketing Mix
Study the following case/situation and express your opinion.
Mr. X deals in import and export business so he needs different foreign currencies. For the expansion of his business, he borrows money from the bank. He invests his funds in the equity shares.
- Name the market from where does Mr.X borrow money?
- Name the market where does Mr. X invests his funds?
- Which type of currency is required for the international market?
Justify the following statement.
Marketing is significant to consumers.
Justify the following statement.
Marketing helps in increasing consumer awareness.
State the importance of marketing to the firm.
Explain importance of marketing to consumers.
Justify the following statement.
Marketing is important to society.
Study the following case/situation and express your opinion:
Mr. A deals in import and export business so he needs different foreign currencies. For the expansion of his business, he borrows money from a commercial bank. He invests his funds in the equity shares.
- From where does Mr. A borrow money?
- Name the market where does Mr. A invest his funds.
- Which type of currency is required for the international market?
Briefly explain the importance of marketing.
How marketing helps in improvement of standard of living of people?
