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November 29, 2014

Marketing

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Revision as of 16:53, 6 February 2010 by SBTeam1 (Talk | contribs)

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In business, marketing the ways in which products or services are conceived, designed, priced, promoted, packaged and merchandised in order to attract customers and to convince them to purchase the product or service. The American Marketing Association (AMA) states, "Marketing is an organizational function and a set of processes for creating, communicating and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders."

Marketing practice tends to be seen as a creative industry, which includes advertising, distribution and selling. It is also concerned with anticipating the customers' future needs and wants, which are often discovered through market research.

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