Marketing can be defined as a process of socializing or communicating the value of product or service to the customers with the objective to sell products or services. It is actually a very critical function of business which focuses towards attracting the customers (Kotler, 2013). If properly planned and executed, marketing aims at getting far better results in form of increased sales, brand /image building, higher revenues, etc.
The aim of this report is to provide an understanding of how marketing, research, planning and marketing mix are used in all organizations (Palmer, 2014). Marketing not only earns profitability to the marketers but also to the customers, as they have all the options in front of them to choose the best among the available ones (Palmer, 2014). Marketing is done with the aim of selling goods, services, events, experiences, ideas, people, businesses, information, awareness programs etc.
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Introduction to Innovation
Innovation is a set of activities that includes new sources, ideas, thoughts, device and methods. It is often viewed as the way or application of introducing better solutions or sources that meet new kind of necessitates unarticulated needs or defined types of market...ReadMore