Managing and developing products and brands that meet the needs of target markets" best describes advertising, non-profit business, marketing, or sales?

Understand the Problem

The question is asking to identify which option best describes the concept of managing and developing products and brands to meet the needs of target markets. This involves understanding the roles of advertising, non-profit business, marketing, and sales.

More Information

Marketing involves the activities of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large. It focuses on identifying and satisfying the needs and wants of target markets.

Tips

A common mistake is to confuse marketing with sales or advertising, which are components of marketing, but do not encompass the broader scope of creating and maintaining product offerings in line with market needs.

Sources

• Marketing Assigment Chapter 7.pdf - Course Hero - coursehero.com
• Solved 'Managing and developing products and brands that - Chegg - chegg.com