Advantages Of Marketing
A lot of times an establishment may get to catechize on the highlights of marketing as someone may turn a blind eye on this department which is really crucial for the wellbeing of a company. In this chapter we are going to expound on the benefits of retailing a which entails branding, promotion.
There are many benefits but before we expound on them there are a number of marketing mix that a company must think about before deciding to go all in marketing. The manufactured item that is being produced is one of the key considerations as to know the fitness of a product in given market niche as who are your target buyers or even service that you are rendering who do you hope to achieve.
The other thing is the selling price as one should be considerate such that to arrive at cost that will not cause loss to you or customers find that you are too pricy. The other type I of marketing combination is publicizing which involves giving out samples, organizing campaigns just to mention but a few. Place is another determinant as the product or the service needs to be brought close to the client and it must relate to the nature of a given area. It is common for a product not to do so well in a given region but in another it sells it is good to have this factor in mind.
One of the advantages of marketing is that it is able to create employment this because there are a number of people who are employed as marketers directly or even indirectly in the manufacturing plant. The value is that it is able to generate income in terms of the volume of items sold.
This doctrine is able to bring a sense of invention with new ways that makes the product to sell. Another benefit is that it is able to create healthy competition as we know a firm cannot exist on its own and it is upon the marketing department to find new ways of reaching clients and find out what their competitors are doing and not doing and this way they will be able to compete. The selling of products is able to create a forecast for the firm as to what is thriving as opposed to those products as the marketing department is able to make an analysis.
Another highlight is that marketing is able to build the reputation of a company this is because they are able to use corporate social responsibility and branding. In the end it is good to hold marketing in high regards as without it the business will not thrive.
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Advantages Of Marketing