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प्रश्न
Marketing is essential for the success of a business organisation. Give five reasons to support your answer.
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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 accordingly.
- Providing Consumer Satisfaction: Marketing effectively considers the product’s pricing, transportation, warehousing, and distribution channels.
- Coordination: Marketing establishes coordination with other managerial departments.
- Profit maximisation: Marketing aims to maximise profit through consumer 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.
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संबंधित प्रश्न
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?
Explain in detail the significance of marketing to society.
Justify the following statement.
Marketing is significant to consumers.
Justify the following statement.
Marketing helps in increasing consumer awareness.
Explain the importance of marketing to the consumers.
Explain importance of marketing to firm.
Explain importance of marketing to consumers.
Justify the following statement.
Marketing is important to society.
Briefly explain the importance of marketing.
How does marketing help in improvement of standard of living of people?
