Business global strategy

Importance Of Marketing To Economy

Image Result For Importance Of Marketing To Economy

Image Result For Importance Of Marketing To Economy

So, main liability of marketing is to produce goods and services for the society according to their needs and tastes at reasonable price. They go ahead and promote the goods making people aware about them and creating a demand for the goods, encouraging customers to use them..Marketing drives a consumer economy, promoting goods and services and targeting consumers most likely to become buyers. Higher sales for a business that employs successful marketing strategies translate into expansion, job creation, higher tax revenue for governments and, eventually, overall economic growth..Many factors play a role in economic development, including the economic growth of the region s businesses. As an integral function of business, marketing is .Know what is the importance of marketing in the economy, the success of companies and organizations and in improving the standard of living of the people .Marketing is important for several reasons. Let me list three of them. First, marketing is important, because we live in a very competitive society. So, all .Marketing plays an important role in how businesses operate. According to the Four Ps of marketing Marketing Mix , the process is focused on four aspects of .Marketing can also, by playing a developmental role, facilitate the transformation of an economic and social system by helping to control changes in production and demand. Finally, marketing can promote economic development so that it corresponds to a society s values..