The purpose of marketing is to:
- help raise awareness of products and services to offer.
- help raise the organisations profile in the market
- encourage customers to purchase
- target new customers and retain existing ones
- allow the organisation to know what the customers want
- assist with the monitoring changing tastes and trends in the market
- allow the organisation to meet its strategic objectives which could include:
1. to increase or maximise profit.
2. to increase market share.
3. to extend the life of the current brand.
4. to become the market leader.
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