MARKETING Definition and Details
1. MARKETING Definition and Details
The role of marketing in an organization s existence and growth need not be overemphasized in today s competitive environment. It is the whole business seen from the point of view of its final result, that is, customer s point of view.
Survival of an organization depends upon its ability to acquire resources necessary for its sustenance. One of the modes of survival is exchange, whereby an organization creates and offers goods and services that are able to attract and satisfy the purchasers, in exchange of its value. This option can be gainfully exercised only if the organization develops the capacity to produce the needed goods and services. The organizations should be geared to identify the customer needs and preferences which are subject to change over a period of time.