Economic Benefits of Marketing (divided in (Lower Prices (when products…
Economic Benefits of Marketing
New Improved Products
Marketing generates competition, which fosters new and improved products.
cellphones that became smartphones.
atributes of goods or services that make them capable of satisfaying consumers wants and needs.
Changing raw materials into usable goods or putting parts toghether to make them more useful.
Having a product where costumers can buy it.
hving a product or service available at a certain time or year, or a conventional time of day.
the exchange of a product for money.
communication with the consumer.
when products become popular, more competitos enter the marketplace.
marketing activities increase demad, and this helps to lower prices.
marketing plays an important role in economy because it provides the means for competition to take.