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Mkt421-Week1-Individual Assignment

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Submitted By WWBiceII
Words 1014
Pages 5
Defining Marketing
William Bice
MKT/421
17 April 2014
Michael Bishop

Marketing Defined Marketing plays a significant role in any successful business endeavor. Marketing is the way a business introduces products and services to potential customers. This introduction is the beginning or sustainment of the businesses relationship with its customers. The most powerful and successful marketing strategies can even have an effect on social behavior and attitudes. Effective marketing strategies often instill a feeling that somehow the target audience will be better off, or have a better life if they would just go out and purchase their product. Additionally some marketing strategies can instill a feeling perhaps guilt in would be customer that they are somehow missing out, or may not be the best person they can be unless they purchase the product. Shoes for example may imply an improvement in a customer’s athleticism. Or perhaps a pain reliever will work better than the rest. Maybe one of the most common marketing strategies is the promise of lower prices. According to “The American Marketing Association” (2013), marketing is defined as “the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large” (Definitions). The “Merriam Webster” (n.d.) website defines Marketing as “Activities that direct the flow of goods and services from producers to consumers.” * Importance of marketing in organizational success * Without some sort of marketing a business cannot even make the initial connection with potential customers. Unless a business has provided some sort of communication of their wares to either a target audience or the public at large, potential customers cannot complete a producer to consumer transaction. As we see in

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