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Define Marketing Paper

Decent Essays

Introduction Marketing is very important to the success of a business. Before people can buy a product or service they have to know about it. However, marketing entails more than just letting people know what your company has to offer. Throughout this paper, I will define marketing, offering my personal definition as well as more formal definitions from other sources. Furthermore, I will explain to the reader the importance of marketing to organizational success giving real world examples in support of this explanation. The field of marketing can include many things. I believe, however, the most important thing which it should include is communication with customers as to the value and benefits of using that particular company's products …show more content…

Importance of Marketing The financial success of a given product, service, or even entire company depends on marketing. A dynamite product matters little if there is no demand for it. Unfortunately, the famous saying from the movie, Bull Durham, "If you build it he will come" (Gordon, 1989) does not hold true for most products, services, or businesses. A concerted effort must be made to not only build a great product or service that fills a customer need but also makes sure your target customers are aware of it, have access to it, will pay for it, and can distinguish it from other competing products. Marketing is the link between an organization's product and its customers. It helps an organization establish name recognition, distinguish itself from competitors, communicate its value proposition, and most importantly sell more products! Through proper marketing, an organization can develop a trusted "brand identity" and consumer awareness which builds important long term relationships with customers and results in repeated sales and increased profitability for the organization. In the aforementioned examples, Safeway's marketing strategy was successful because it not only addressed customers' needs for groceries but also fulfilled a need for convenience by offering home delivery service.

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