Q. The most formal and best definition of marketing is ___________
- An organizational function and a set of process for creating, communicating and delivering, value to customers and that benefit the organization.
- Improving the quality of life for consumers by selling them products and services.
- Marketing is all about Meeting needs profitability i.e. identifying & fulfilling consumer needs.
- Marketing is an organizational function includes the 4Ps i.e product, place, price and promotion.
Answer: An organizational function and a set of process for creating, communicating and delivering, value to customers and that benefit the organization.