Marketing Is Vital For The Existence Of A Business

In the context of global expansion and competition of numerous businesses, effective marketing management is one of the key factors of success, playing an essential role in obtaining competitive advantage. Hence, the success of a company is determined by its ability to identify customers’ needs and offering products and/or services to satisfy them.

In many businesses, marketing needs to be a core concern, and often the overriding concern when it comes to running a successful business.

In summary, marketing is very important for a business to achieve success. Many businesses have a difficult time in this area. With the stiff competition, businesses struggle to stand out among others. Other companies resort in unethical and unfair schemes just to win the competition. But eventually find themselves in great loss and failure. As businesses all over the world enter into a gigantic marketplace, every business owner is faced with convoluted market competition. Nevertheless, any entrepreneur can be different and become successful in this matter. In every product sold and in every service provided, patience and hard work should take precedence to ensure quality. Products and services should be marketed honestly, planning should not be done with evil

The nature of marketing is a very important basic principle when it comes to marketing in a business. The activities that come from marketing create value by allowing individuals and organizations to obtain what they need. You need to know what the customers want and how to satisfy them with your goods or services. They need to be conveniently available, competitively priced, and uniquely promoted. To a business, marketing is an important part of their strategy. Marketing however is not manipulating your customers into buying products they don 't want, so never think that. It’s about the

Marketing is an important tool for any business. It is how a company makes their product known to the public. Without marketing, the consumers will either not know that the product even exists or will not know all the applications of the product; who makes it, what it is and what it is made from, when came on the market, where it can be purchased, how it can help the consumer and why the consumer should even purchase the product in the first place. According to Tom Ash, Marketing is the process whereby demands for products, services and ideas are anticipated, managed and satisfied (2011).

A want is something that isn’t needed in your life, like a ps4 or a new phone. Then there are needs that you do need in life, like water or shelter. Sometimes, people feel like wants in life are needs and feel like they can’t live without wants. In a life time, everyone will say that they need a want. Just like the 3 examples, people feel like they just can’t live without wants, but really I can mess you up.

23- The heart of business success lies in its marketing. Most aspects of your business depend on successful marketing. The overall marketing umbrella covers advertising, promotions and sales. Marketing is a process by which a product or service is introduced and promoted to potential customers. Without marketing, your business may offer the best products or services in your industry, but none of your potential customers would know about it. Without marketing, sales may crash and companies may have to close. Marketing can influence the overall performance for a company for example, a company will increase it sales through attracting more customers. Without employing marketing strategies, these sales may not have ever happened; without sales, a company cannot succeed. Also gaining higher profits as a result of good marketing for example in year 4 the profits was low but we increased the promotions by

Need as a concept is ‘the starting point for study of social policy is: how societies evolved ways of meeting the basic needs of their population?’ (Glennerster, H., 2003, p.2). This concept needs to be differentiated from a want, which is something

They are many functions that marketing, but here are the four competing philosophies that strongly influence an organization’s marketing process, which are production orientation, sales orientation, market orientation, and societal marketing orientation. (Lamb, Hair, McDaniel, 2014).

In a world where we always want more, and what we have never seems to be enough. One desires more, once basic needs are fulfilled. Human needs are basic requirements for maintaining life, such as, air, food, water, shelter, and clothing. Wants are comforting and pleasurable. Wants are the desires that are not essential to life, but makes life a little more enjoyable. Both are unlimited and endless. The economy devotes business to satisfy one 's wants, because one 's basic needs are fulfilled. Although, a person needs has been fulfilled one desires more. Needs, wants, and demands are a part of marketing principles businesses use to obtain data. In order for businesses to make a profit, consumers must spend.

Marketing can make a huge difference in business; good marketing can set a company as a leader in the industry. “Because it is its purpose to create a customer, any business enterprise has two,

Marketing is vital for a small business as it influences the way a company can efficiently communicate its products/services to its target market. The business needs to ensure the correct audience is being pursued to gain sales, make sure the market research carried out has been done so rigorously. It aids to identify what is appealing and will sell to its customers. This provides feedback to the company to understand if its ideas are viable in the long term. The strategy includes all aspects of public relations, advertising, sales and promotions. This enables a company to provide what the consumers’ need. It is ‘the difference between a persons current state and their desired state’ (Gbadamosi and others, 2013). Apple and Coca-Cola are

Marketing is a very valuable part of the customer and business intamite relationship.Marketing anticipates potential customer needs and once those are identified, the production proccess may begin. Our

Wants are a not exactly the same of needs and are largely dependent on the needs of humans themselves.

The process of offering and advertising a product or facility to the buyers is known as Marketing. It plays a vital role in a business’ progress. If the marketing is not done well, the finest commodity which a business has to offer will not sell to its potential in the market leading to low sales and shutting down of the business. If the product is marketed well and is visible to the target market, it has more opportunity to be sold and generate more sales (Leventhal, 2005).