a) Why is marketing important for a business?

Principles Of Marketing
17th Edition
ISBN:9780134492513
Author:Kotler, Philip, Armstrong, Gary (gary M.)
Publisher:Kotler, Philip, Armstrong, Gary (gary M.)
Chapter1: Marketing: Creating Customer Value And Engagement
Section: Chapter Questions
Problem 1.1DQ
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Question
a) Why is marketing important for a
business?
b) The relationship between sales,
customer service, product
development and
marketing.
c) What the marketing department
is actually doing, focusing on
research and the 4P?
d) The role of marketing in building
a brand
Transcribed Image Text:a) Why is marketing important for a business? b) The relationship between sales, customer service, product development and marketing. c) What the marketing department is actually doing, focusing on research and the 4P? d) The role of marketing in building a brand
Expert Solution
Introduction

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Marketing can be defined as a field of business studies which deals with how a company makes its products available in the market. All the activities that a company does to make its product available in the market and make the target market aware of its products and services come under the umbrella of marketing.

The marketing activities involve identifying the needs of the customers, developing a product to meet those needs, promoting those products in the market, selling them to the target customers. Retaining the customers in the business through customers relationship management is an important part of Marketing. 

 

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