Explain the growing importance or 5) Marketing deals with customer solutions. Explain this concept in the light of retail marketing
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What is the importance of marketing to consumers?
Marketing identifies customers, their needs, and how much value they place on getting those needs addressed. Marketing informs the design of the product to ensure it meets customer needs and provides value proportional to what it costs.
What are the five important marketing functions
Customer. The customers' needs, wants and demands are what a business caters to. ...
Finance. ...
Human Resources. ...
Production. ...
Competition.
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