Marketing is the relationship-building aspect of business.
According to the book Contemporary Marketing Wired, "Marketing is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, services, organizations, and events to create and maintain relationships that will satisfy individual and organizational objectives."[1] The four key variables of marketing, which are often referred to as the 4 Ps of marketing, are product, place, promotion, and price.[2]
A seminary course description advises, "Marketing is much more than advertising and sales; it includes understanding the environment, consumer needs and behavior, assessing the value of the product, promotion, place and price."[3]
Several universities in the United States, such as the University of Georgia, offer a master's degree in Marketing, in addition to universities around the world, such as the Brazilian Institute of Information Science and Technology.[4][5]
According to David Kupelian, marketing is the application of the knowledge of human psychology to the task of persuasion.[6]
Categories: [Business] [Psychology]