Marketing is the Delivery of Standard of Living
Standard of living is a type of level of wealth, comfort, and goods available for a specific period of time or area. The development of living standards is the comparison of wealth, comforts, goods and needs with past structures and current structures. Marketing ensures the standard of living of society and all members of society.
The following describes how marketing diffusion develops a society's standard of living.
1. Create services
Utility is the faculty of desire or human desire. Marketing creates utility for time, place and form and thus increases human consumption. Thus, people's living standards are developing.
2. Match supply to demand
The trader balances the supply and demand of the people in the community. First, marketers identify consumer demand and then prepare to meet it with a balanced offer.
3. Ensure proper distribution
Marketing plays an important role by providing the product at the right time and in the right place, thus ensuring proper distribution. Consumers can choose to consume foreign products or products to properly distribute the products.
4. Facilitate mass production
Demand is created through promotional marketing activities at home and abroad. To meet this growing demand, the company has to produce in large quantities. As a result, the price of the product decreases. In this stage, the amount of consumption or use of consumers increases and the quality of life develops as demand increases.
5. Improve product quality
Customer expectations are increasing day by day. Now it is very important for companies to improve their products with good quality. If the company can improve its product, consumers will be attracted to that product. Improving product quality plays an important role in the development of living standards.
7. Create new products
The role of new products in attracting customers is very important in improving the standard of living. Customers focus on product design, engineering, quality, quantity, etc. The fist has to choose the product you want to produce. Then it will be successful.
8. Maintain economic stability
Economic stability allows other businesses to meet the community's standard of living. Economic stability also creates the right environment for product pricing and continued customer consumption. So it plays a role in the standard of living.
9. Job creation
Marketing creates many jobs. A large number of people work in different aspects of the marketing function. So that they can improve their standard of living by earning from this work.
10. Development of foreign trade
Skillful marketing creates high demand for products both domestically and abroad. To meet this requirement, merchants must engage in foreign trade. Thus, the consumer brings the product in and out of the country and with this foreign product maintains his standard of living. From the above discussion it can be said that marketing completes everyone's life. If you understand that, through marketing, a standard of living is developed and offered to people.
The following describes how marketing diffusion develops a society's standard of living.
1. Create services
Utility is the faculty of desire or human desire. Marketing creates utility for time, place and form and thus increases human consumption. Thus, people's living standards are developing.
2. Match supply to demand
The trader balances the supply and demand of the people in the community. First, marketers identify consumer demand and then prepare to meet it with a balanced offer.
3. Ensure proper distribution
Marketing plays an important role by providing the product at the right time and in the right place, thus ensuring proper distribution. Consumers can choose to consume foreign products or products to properly distribute the products.
4. Facilitate mass production
Demand is created through promotional marketing activities at home and abroad. To meet this growing demand, the company has to produce in large quantities. As a result, the price of the product decreases. In this stage, the amount of consumption or use of consumers increases and the quality of life develops as demand increases.
5. Improve product quality
Customer expectations are increasing day by day. Now it is very important for companies to improve their products with good quality. If the company can improve its product, consumers will be attracted to that product. Improving product quality plays an important role in the development of living standards.
7. Create new products
The role of new products in attracting customers is very important in improving the standard of living. Customers focus on product design, engineering, quality, quantity, etc. The fist has to choose the product you want to produce. Then it will be successful.
8. Maintain economic stability
Economic stability allows other businesses to meet the community's standard of living. Economic stability also creates the right environment for product pricing and continued customer consumption. So it plays a role in the standard of living.
9. Job creation
Marketing creates many jobs. A large number of people work in different aspects of the marketing function. So that they can improve their standard of living by earning from this work.
10. Development of foreign trade
Skillful marketing creates high demand for products both domestically and abroad. To meet this requirement, merchants must engage in foreign trade. Thus, the consumer brings the product in and out of the country and with this foreign product maintains his standard of living. From the above discussion it can be said that marketing completes everyone's life. If you understand that, through marketing, a standard of living is developed and offered to people.
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