Organization Promotion: Marketing
Organization Promotion
Marketing
From the action of creating a good or service to delivering it to the customer be it partner, client, another business and in short, the society is called Marketing. In other words, marketing refers to the accumulation of consumer demand, allocating resources, and generating the greatest possible benefit by effective communication with customers. And thus it can be said that it is a vital part of running an organization.
Role it plays in business strategy overall
Streamlines Product Development
Goods and services are produced with the help of a marketing strategy in such a way that generates the most profit.
Organizational impact
All departments can coordinate and work collectively since they are working towards the same objective.
Assists with Marketing Communications
With the help of market research, a distinguished brand or reputation of the business can be created.
Establishes Effective Distribution
Once the important decisions regarding the product have been taken such as the product features, target market, selling price, the most profitable means can be decided.
Helps Determine Optimal Prices
Market research helps decide the most optimal price for a product or service.
Streamlines Product Development
Marketing...
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