Business global strategy

Importance Of Marketing To The Society

Image Result For Importance Of Marketing To The Society

Image Result For Importance Of Marketing To The Society

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..Marketing is an important tool for helping businesses grow. Without marketing it can be difficult for businesses to stand out from their competition, so marketing is important in part because it gives businesses traction in the public consciousness and because it helps consumers decide how to spend their money..In developed economies, society benefits from marketing by having more choices. Good marketing strategies design products and services according to what the market says it wants. In free market economies, consumers can influence their available product choices..Employment opportunities improves standard of living creates utilities for products and services reduces cost on acquiring as the products .Importance of marketing can be stu.d as follows McNair has further added that “Marketing is the creation and delivery of standard of living to the society”..In this sense, marketing is something that businesses need to create and manage every day to maintain a healthy relationship with their consumers. Marketing is important because it allows businesses to maintain long lasting and ever present relationships with their au.nce..Importance of Marketing to the Marketers, Consumers and Society! Marketing is the source of many important new ideas in management thought and practice .

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