Question

Define marketing and explain the core concepts of marketing.

Answer 1

The core concept of MarketingMarketing is a social & managerial process by which individuals & groups obtained what they need & want through creating, offering & exchanging products of value with others. ... Human Needs. It is a state of felt deprivation of some basic satisfaction.Wants

Answer 2

Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

The core concept of Marketing:-Marketing is a social & managerial process by which individuals & groups obtained what they need & want through creating, offering & exchanging products of value with others. These are wants for specific products that are backed by an ability & willingness to buy them.