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Marketing

Question
CBSEENBS12004672

Differentiate between marketing and selling on any five basis.

Solution

The major differences between selling and marketing are listed as below:
(i) Selling is merely a part of marketing. Selling is a narrow term which comes is a process of marketing. It is concerned with promoting and transferring possession and ownership of goods from the seller to the buyer. Marketing is a wider term which starts with an identification of the customer’s needs and ends with a delighted customer.
(ii) Selling focus on transfer of title and possession from buyer to seller, whereas marketing focus on satisfying customer needs.
(iii) All selling activities are directed at sales and profit maximisation. Marketing activities are directed at customer satisfaction and there by long run profit.
(iv) Start and End of the Activities: Selling activities start after the product has been developed and end with its sales. Whereas marketing activities start much before the product is produced and continue even after the product has been sold.
(v) In selling, the emphasis is on bending the customer according to the product while in marketing, the attempt is to develop the product and other strategies as per the customer needs.

 

Some More Questions From Marketing Chapter

‘Bending the customer according to the Product’ and ‘Developing the product according to customer-needs’ are the two important concepts of marketing management. Identify the concepts and differentiate between the two.

Explain ‘Market Planning’ and ‘Product Designing and Development’ as functions of marketing.

What is meant by the 'Product Concept’of marketing?

What is meant by the ‘Societal Concept’ of marketing?

What is meant by ‘Production Concept’ of marketing?

What is meant by ‘Selling Concept’ of marketing?

Distinguish between the product concept and production concept of marketing.

Or

Distinguish between the concepts ‘product’ and ‘production’ in Marketing keeping following as the base: (i) Focus (ii) Means (iii) Ends.

Mansi, a shoe manufacturer for school students, decided to maximise her profit by producing and distributing at large scale and thereby reducing the average cost of production.

(i) Identify the Marketing Management philosophy adopted by Mansi.

(ii) Explain this philosophy on the basis of

(a) Main Focus

(b) Means and Ends

Nisha a school bag manufacturer decided to improve the product for profit maximisation and thus added a water bottle holder to the existing design.

(i) Identify the Marketing Management philosophy adopted by Nisha and

(ii) Explain this philosophy on the basis of

(a) Main Focus

(b) Means and Ends

Jasdeep, a dealer in school uniforms, decided to maximise his profit by using different aggressive promotional efforts.

(i) Identify the Marketing Management philosophy adopted by Jasdeep.

(ii) Explain this philosophy on the basis of

(a) Main Focus

(b) Means and Ends