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The most formal definition of marketing can be summarized as the process of creating, distributing, promoting, and pricing goods, services, and ideas to facilitate satisfying exchange relationships with customers in a dynamic environment. It plays a pivotal role in the success of any business, including…
Formal Definition Of Marketing encompasses the activities and processes involved in creating, communicating, and delivering value to customers. It involves identifying and satisfying customer needs and wants through the exchange of products and services. Marketing plays a crucial role in the success of businesses and…