Marketing Concept In Your Own Words. Marketing is the act of communicating a brandindividuals idea to a certain audience to fulfill a certain goal or induce a desired action. Marketing is the most important part of any product as because of marketing only customers gets to know about the product and they purchase.
The marketing concept involves identifying consumer needs and wants and then producing products which can be goods services or ideas that will satisfy them while making a profit. Throughout the years many marketing concepts emerged based on customers needs. The socio-cultural environment refers to the factors like.
The marketing concept involves identifying consumer needs and wants and then producing products which can be goods services or ideas that will satisfy them while making a profit.
Whilst in todays business world the customer is king. Relationship marketing entails forging long-term relationships with customers which can lead to repeat sales reduced costs and stable relationships. Provide examples from the real world. A marketing concept uses customer satisfaction to determine whether a product or service is successful.
