MARKETING

MARKETING IS THE ACTION OR BUSINESS OF PROMOTING AND SELLING PRODUCTS AND SERVICES INCLUDING MARKET RESEARCH AND ADVERTISING. SO THE MARKETING IS AN ALL PERVASIVE OF THE BUSINESS CONCEPT AS A WHOLE.
MODERN MARKETING MAY BE DEFINED AS IDENTIFYING AND MEETING HUMAN NEEDS OR REQUIREMENTS AND SOCIAL NEEDS AND REQUIREMENTS . 

  1. BY HUMAN NEEDS OR REQUIREMENTS ARE  MEANT  ‘‘CUSTOMER NEEDS’
  1. BY SOCIAL NEEDS ARE MEANT ”DELIVERY OF A HIGHER STANDARD OF LIVING”

         PHILIP KOTLER AND HIS ASSOCIATES HAVE VERY RIGHTLY ASSESSED THE VALUE OF CUSTOMER                                          ”SUCCESSFUL MARKETING THUS REQUIRES COMPANIES                                            TO HAVE CAPABILITIES OF UNDERSTANDING CUSTOMER                                             VALUE , CREATING CUSTOMER VALUE , DELIVERING                                                 CUSTOMER VALUE , CAPTURING CUSTOMER VALUE                                                   AND SUSTAINING CUSTOMER VALUE”       
                                             THEREFORE CUSTOMER IS THE KING PIN OF MARKETING.