 
                 
                InterviewSolution
| 1. | Explain any four points of the process of marketing. | 
| Answer» 
 Market analysis refers to analysing the needs of the customers, and based on this information a marketer can take decisions for successful marketing of the products and services. He can analyse the buyer’s habit, relative popularity of product, etc. 
 Marketing Planning is a series of steps planned in order to achieve marketing objectives. The marketers have to develop a complete plan; covering various important aspects such as promotion policy, distribution policy, etc. in order to achieve the desired marketing objectives. 
 Every marketer has to ensure an efficient marketing communication system in his firm. For transmission of marketing information, he can use sources like advertisement, sales promotion, etc. 
 Effective product planning anticipates the wants and expectations of the consumers and develops the product accordingly. It requires improvement in the existing product and development of new products. | |