Outline the basic purposes of marketing.
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Answer:
The purpose of marketing is to generate revenue for a brand, company, or organization. Marketing professionals and teams achieve this through the execution of strategic digital activities that drive traffic, qualified leads, and sales, in direct collaboration with their sales team
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Marketing refers to the process of undertaking steps to enhance the sale and boost the image of any business.
Explanation:
- Marketing is one of the most important activities that is done by managers in any company.
- The basic purposes of marketing are as follows:
- To bring more customers and increase the sales of the business.
- To enhance the public image of the business and its goodwill.
- Marketing also seeks to bring in more partners, and stakeholders in a firm.
- Marketing can also be used to spread information about the stocks and other financial assets of any firm.
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