1.

Study the following case/situation and express your opinion.Mr. Ram wants to start Small Scale business of manufacturing parts of bicycle or machinery.Marketing is a necessary step of running a business. Comment on it.

Answer»

Goods are ultimately manufactured for consumers. There is competition among many manufacturers and traders to sale goods in the market. 

Without selling the goods, manufacturer cannot earn profit. Profit is main motto of business.

To sale goods in market, advertising and publicity is required. To make your brand image in market, advertising with quality of goods is required. Branded goods are easily sold in the market. Marketing can be done through many ways like TV, Radio, Bill Boards, Internet, Websites, Salesman, etc. Thus, marketing is a necessary step of running a business.



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