Business marketing Flashcards
(10 cards)
What is the primary purpose of marketing
To increase sales and satisfy customer needs
What must businesses understand for effective marketing
They need to identify and understand their customers
What methods do businneses use to promote products
Advertising social media and sales promotion
What can businesses do to increase sales
Introduce new products advertise them or reduce prices
Why is market research important in marketing
It helps businesses understand customer needs better
Name a method to reach more customers
Sell products in more places or online platforms
What role does advertising play in marketing
It informs potential customers about products or services
What can be done to attract new customers
Increase your product range or launch new products
What is a common action to boost sales volume
Reduce product prices to encourage more purchases
What do varying business size affect in marketing
The affect the marketing budget and strategies used
