Which of the following best defines marketing?
A)creating processes within an organization
B)creating advertising and social media strategies
C)analyzing the market for the next big product or service
D)helping shape the products and services of a firm

Question

Quizplus · Accepted Answer

Marketing involves helping to shape the products and services of a firm to meet the needs of customers and create value for the organization. It also involves understanding customer needs, developing pricing and distribution strategies, and promoting the products or services to the intended audience. While creating processes and analyzing the market are important aspects of marketing, they are not the primary definition of marketing. Creating advertising and social media strategies is a specific component of marketing but does not fully encompass the entirety of the discipline.

Which of the Following Best Defines Marketing