Words Explain Marketing Q34270537

Inyour own words explain what is marketing?

Expert Answer

Marketing involves all efforts thatare aimed to satisfy the customer needs. It is not just persuadingthe customers to buy something and it involves series of processesthat helps in meeting the needs successfully. It starts fromunderstanding the needs of the customer and then follows otherprocesses like developing the products according to customerrequirement, advertising the product, selling it to the customersand giving the service after sales. It also includes the pricing,packaging, labeling, middlemen involved, policies related tocollection, shipping, transportation, installation, warranty,return etc. Marketing has value only when there are two partiesready to exchange