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Marketing facts for kids

Kids Encyclopedia Facts

Marketing is activity that connects producers with customers. Marketing has 2 types, which are B2B (business to business) marketing and B2C (business to consumer).

Definitions

  • Exchange value and building strong relationship with customer.
  • Marketing-" To create, grow, develop, maintain, defend, and own markets".
  • An approach to business that seeks to identify, anticipate, and satisfy customers needs.
  • Al Ries and Jack Trout defined marketing as simply "war" between competitors.
  • At a macro level, marketing is the process of raising the standards of living, by identifying the existing problems and unsatisfied needs of people and then satisfying that need with a product/service that delivers value to the customer.

Images for kids

  • ST vs LOU - 21

    Advertising boards behind a rugby union match, showing logo of the companies Nike, Peugeot, and Pétrole Hahn

  • ASC Leiden - W.E.A. van Beek Collection - Dogon markets 21 - Women selling their beer warn the photographer that he also has to buy some, Tireli, Mali 1989

    Personal selling: Young female beer sellers admonish the photographer that he also has to buy some, Tireli market, Mali 1989

  • Product life cycle

    Product lifecycle

See also

Kids robot.svg In Spanish: Mercadotecnia para niños

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Marketing Facts for Kids. Kiddle Encyclopedia.