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Marketing is a process by which companies create value for customers and build strong customer relationships to capture value from customers in return.
How for is above definition true?
1. Perfect Definition
2. True to some extent
3. False
True,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Marketing is a tool used to describe the product by focusing mainly on its beneficial part to attract the Customers.
It's not just false, it's dangerous nonsense.
Marketing does not create value for customers - it does exactly the opposite. It destroys value for customers. What it does is create the perception of value, at the expense of actual value. If a marketing operation is successful, the customers don't mind because the gain in perceived value is greater than the loss of actual value.
And companies don't capture value. They capture money.
True to some extent....................................
The Marketing is the Management Process through which Marketers Identify the needs and wants of the Customers, anticipate these and satisfy them profitably. If we see the definition Customer seems to be the center of all marketing activities. The marketing function is the study of forces and factors and development of Company's strategies to optimize the benefit from them for the company.
True to some extent...................
2. True to some extent,,,
Marketing is relationship based on only1 factor called QUALITY
2. It is True to some extent
The action or business of promoting and selling products or services, including market research and advertising.
True to some extent....
Marketing is growing love for company's product in market.Knowing customers' need and fulfilling them.
marketing is a strategy to make sales.
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