Commercial Applications
"Marketing is wide term than selling". Justify.
Sales
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Answer
Marketing is a wider term than selling because of the following reasons:
- Scope — Marketing is the total system of business activities — planning, pricing, promoting and distributing products. Selling is only one part of marketing involving persuasion and the flow of products from seller to buyer.
- Beginning — Marketing begins much before goods are produced (to understand consumer needs), whereas selling begins only after the goods are produced.
- End — Marketing continues even after the sale to provide after-sale service, while selling ends with the delivery of goods.
- Orientation — Marketing is customer-oriented (satisfying the needs of buyers); selling is product-oriented (satisfying the needs of the seller).
- Focus — Marketing focuses on long-term growth and profitability; selling focuses on short-term profit maximisation.
Thus, marketing embraces selling along with many other promotional and distribution activities, making it a much wider term.
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