P2 explain how roles and responsibilities of marketing relate to the wider organisational context.
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Caveat emptor is a Latin term that means "let the buyer beware." Similar to the phrase "sold as is," this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.
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The marketing function is explained or defined as the major roles of any organization that aids it for sourcing and identifying the successfully products possibly for market and helps in its overall promotion.
They are very common in almost every business organization. This process involves product plan, marketing research, promotion, development process, customer service, finance, sales and more.
It also involves different responsibilities of business organization.
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