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NEED ANSWER ASAP ******NEW ANSWER NEVER USED BEFORE**** By examining the various research, including your text,...

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By examining the various research, including your text, the web, and the Keiser library, how is marketing perceived in both business and the general population? In your answer, give examples of what marketing is currently believed to be and its importance to business and society. Describe one successful or unsuccessful marketing practice, evaluating why it is or is not successful.
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Answer #1

How is marketing perceived in both business & general population?

For businesses, marketing is a tool to influence the customer to buy its good/service & is a way to communicate about its availability to the customer. For the general population, marketing is often the exaggerated claims by marketers about the attributes of the product/service.

Importance of marketing to business & society-

  • Takes products from the market to customers in order to satisfy their needs
  • Helps in product development
  • Keeps customer preferences in mind
  • Gives financial success to the business
  • Identifies changing environment & changing needs
  • Promotes awareness about the product

Social media marketing is the most successful example of marketing in recent times. With the onset of digital revolution, it has eliminated geographical barriers, & has helped brands take their products to customers across territories.

  • Creates employment opportunities for various people
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