What is 'Marketing' - Marketing is a company's activity related to the purchase and sale of a product or service. This includes advertising, selling and shipping products to people. People working in the company's marketing department try to attract the attention of target audiences by using slogans, packaging designs, celebrity endorsements and general media exposure.
Breaking Down 'Marketing'
Marketing is everything the company does to get customers and establish relationships with them. Even small tasks such as writing thank-you letters, playing golf with prospective clients, returning calls promptly and meeting past clients for coffee can be considered as marketing. The main purpose of marketing is to match the company's products and services to people who need and want them, thus ensuring profitability.Fourth P marketing is product, place, price and promotion.
The product refers to the item or item the company wants to sell. When examining a product, the question should be asked like, what products are sold? What distinguishes the product from its competitors? Can the product be marketed with secondary products? And is there a replacement product on the market?
Price refers to how much the product cost might be. When setting a price, consideration should be given to the cost of unit cost, marketing costs and distribution costs.
Marketing has a lot of competition
Not a fan.