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7-Improve stakeholder relations
8-Enhance customer relationships
9- Improve internal communications
10-Increase profit
Importance of marketing
1-Marketing helps business to keep pace with the changing tastes,
fashions and preferences of the customers .
2-Marketing works out primarily because ascertaining consumer
needs and wants is a regular phenomenon and improvement in
existing products and introduction of new products is a continuous
process.
3-Marketing thus, contributes to providing better products and
services to the consumers and thereby helps them in improving
their standard of living.
4- Marketing plays an important role in the development of the
economy. Various functions and sub-functions of marketing like
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