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To quote E.F.L. Brech, “marketing is the process of determining consumer demand for a product or service, motivating its sales, and distributing it into ultimate consumption at a profit”.
Which is the best essay on the concept of marketing?
2. Essay on the Concepts of Marketing: Elements of Marketing Concept: A company adopting the marketing concept has three distinguishing elements around its marketing function: 1. It has consumer-orientation in its business planning and activities. 2. It focuses its attention to corporate objectives, including profit.
What is the essence of marketing in business?
The essence of marketing is about designing and managing a product and generating exchanges of value from where both the customer and the organisation can attain benefits.
What are the different approaches to the study of marketing?
Approaches to the Study of Marketing: The meaning of marketing is different to different people. In common parlance, marketing is the process of selling something at a market place. To a salesman it means selling whereas to an advertising manager it means advertising.
Last Update: Oct 2021
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