Question

why understanding marketing reality and strategy are important for management in the long run?

why understanding marketing reality and strategy are important for management in the long run?

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Answer #1

Below are the reasons why understanding marketing reality and startegy are important for management in the long run.

  • Understanding marketing reality and strategies help to understand the customer need and desires in the market.
  • Undsertsnding marketing reality and strategies helps to identify the potential demand for the products in the market.
  • Understanding marketing reality and strategies help the marketer to identify the loop hole and try to fix them.
  • Understanding the marketing reality and strategies help the marketer to know about different marketing segmentation.
  • Undertsding the marketing realities and strategies help the marketer know about competitor for the similar products and services and how to provide the extra value add service in order to retain the customers.

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