Which of the following is the best definition for marketing?
A)Marketing is an organizational function and a set of business activities designed to make profits.
B)Marketing is an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders.
C)Marketing is a business function and a process for determining the value customers desire in order to gain profit for business organizations and to seek societal benefits through nonprofit marketing.
D)Marketing is finding a hole and filling it while earning profitable dollars.
E)Marketing is the result of the equilibrium of supply, demand, marginal cost, and marginal revenue.

Question

Quizplus · Accepted Answer

This option provides a comprehensive definition that encompasses the essence of marketing as an organizational function that creates, communicates, and delivers value to customers while managing relationships that benefit the organization and its stakeholders. It highlights the importance of customer satisfaction in the creation of profitable and sustainable businesses.

Which of the Following Is the Best Definition for Marketing