1.

Explain any four points of the process of marketing.

Answer»
  • Marketing Analysis : 

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 : 

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.

  • Marketing Communication : 

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.

  • Product Design & Development : 

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.



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