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Marketing
Marketing is the performance of business activities connected
with the flow of goods and services from producers to consumers.
Marketing includes the following operations: transporting, storing,
pricing, and selling goods. The most important thing in marketing is
finding out who the customers are and what they want. Marketing
is the process of having the right product at the right time in the
right place, the process that brings mutual benefit to customers
and vendors.
Transporting means carrying goods from the place of their
production to the place of their selling.
Storing is necessary because the consumer desires to buy goods
without waiting.
Pricing involves the art of determining what price is the
best.
Selling involves helping consumers to discover their needs.
Marketers should inform potential buyers of where goods can be
bought and how much they cost.
Marketing research is also very important. The following steps
in marketing research are: defining the problem, collecting data,
compiling data and analyzing the results, advertising.
Marketing operations are very expensive and one should
consider the value added through marketing. Marketing becomes
too costly only when cost exceeds the value it adds.
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