Marketing facts for kids
Marketing is activity that connects producers with customers. Marketing has 2 types, which are B2B (business to business) marketing and B2C (business to consumer).
- 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.
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Marketing Facts for Kids. Kiddle Encyclopedia.