Podcast
Questions and Answers
What is the main goal of marketing?
What is the main goal of marketing?
- To create a customer who is ready to buy (correct)
- To promote products or services
- To create value for customers
- To increase profits
What is NOT part of the marketing process?
What is NOT part of the marketing process?
- Choosing target markets
- Selling products (correct)
- Creating value for a company
- Obtaining what customers need
What is the purpose of marketing research?
What is the purpose of marketing research?
- To increase profits
- To create a customer who is ready to buy
- To create products that meet customer needs (correct)
- To choose target markets
What is an example of a successful marketing campaign?
What is an example of a successful marketing campaign?
What is the purpose of marketing?
What is the purpose of marketing?
Flashcards
Main goal of marketing?
Main goal of marketing?
To create a customer who is ready to make a purchase.
Purpose of marketing research?
Purpose of marketing research?
Identifying and understanding customer needs to develop products that meet those needs.
Purpose of marketing?
Purpose of marketing?
To acquire new customers, retain existing ones, and increase business with them.
What is marketing?
What is marketing?
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Study Notes
- Marketing is the process of creating value for customers through the exchange of products and services.
- Marketing is a societal process that helps individuals and groups obtain what they need and want.
- Marketing is about choosing target markets and getting, keeping, and growing customers.
- Selling is not the most important part of marketing!
- Marketing is the process of creating value for a company through the distribution of products or services.
- The goal of marketing is to create a customer who is ready to buy.
- Marketing should result in a customer who is ready to buy, without the need for selling.
- Marketing research is important in order to create products that meet the needs of customers.
- The Wii, Canon ELPH, and Prius are examples of successful marketing campaigns.
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