Explainer: What Were The Circumstances Surrounding The Marketing?

Description

Circumstance or circumstances may refer to:Surroundings are the area around a given physical or geographical point or place. The exact definition depends on the field. Surroundings can also be used in geography (when it is more precisely known as vicinity, or vicinage) and mathematics, as well as philosophy, with the literal or metaphorically extended definition. In thermodynamics, the term (and its synonym, environment) is used in a more restricted sense, meaning everything outside the thermodynamic system. Often, the simplifying assumptions are that energy and matter may move freely within the surroundings, and that the surroundings have a uniform composition. Marketing refers to the process an organization undertakes to engage its target audience, build strong relationships to create value in order to capture value in return.It is one of the primary components of business management and commerce. Marketers can direct their product to other businesses (B2B marketing) or directly to consumers (B2C marketing). Regardless of who is being marketed to, several factors apply, including the perspective the marketers will use. Known as market orientations, they determine how marketers will approach the planning stage of marketing.The marketing mix, which outlines the specifics of the product and how it will be sold, is affected by the environment surrounding the product, the results of marketing research and market research, and the characteristics of the product's target market. Once these factors are determined, marketers must then decide what methods will be used to promote the product, including use of coupons and other price inducements.The term marketing, what is commonly known as attracting customers, incorporates knowledge gained by studying the management of exchange relationships and is the business process of identifying, anticipating and satisfying customers' needs and wants.