History, asked by suneelkumar1388f, 20 days ago

How is the Morden concept of marketing different from the traditional concept​

Answers

Answered by bhattrohit666
1

Explanation:

A. Traditional Marketing Concept

Traditional marketing concept focuses on products only and it aims in production and marketing of products and gaining more profit. Traditional marketing is profit oriented.

Most commonly used traditional marketing strategies are

Business cards

TV and Radio ads

Billboards and signage

Flyers and brochures

Telephone marketing

Advantages

1.Opportunity for powerful creative efforts

2.Easy to understand

3.Easier reach to local target audience.

Disadvantages

1.Little interaction

2.Targeted customer is minimal

B.Modern Marketing Concept

modern marketing is more customer-oriented. Businesses that adopt a modern strategy always put their consumers’ satisfaction above all else, so they’re able to address their audience’s unique wants and needs.

Most commonly used modern marketing strategies are

Internet ads

E mail marketing

E commerce website

Advantages

1.Higher risk of investment.

2.Cost effective.

Disadvantages

1.Requires technical skill to be active in digital.

2.marketing and in use of internet.

3.More costly in implementing

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