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What is Marketing?

According to (Kotler, 2003) "Marketing is the business function that identifies unfulfilled needs and wants, defines and measures their magnitude and potential profitability, determines which target markets the organisation can best serve, decides on appropriate products, services, and programs to serve these chosen markets, and calls upon everyone in the organisation to think and serve the customer." The goals are to create value by offering superior solutions, save the buyer time and effort in finding and purchasing goods/services, and delivering a higher standard of living to society as a whole.

Evolution of Marketing

(Keith, 1960)

During a production orientation era, business concerned itself primarily with production, manufacturing, and efficiency issues. The reason for the predominance of this orientation is that there was a shortage of manufactured goods (relative to demand) during this period, so goods sold easily. The......

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Approximate Word Count: 1547
Approximate Pages: 7 (250 words per double-spaced page)

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