Around 90 percent people said that marketing is about selling, advertising and public relations. But it is essential to realize that marketing is much more than selling or advertising, although these do form part of the marketing functions. Marketing is well thought-out to be the most significant activity of the present day business. Without it, business will be meaningless. Apart from becoming so crucial to business, it is also helpful to the consumer and the development of the economy, as well as the society.
Marketing is a concept applicable not only
to goods but also to services such as health, investment counseling, bank
deposits and loans, etc. Marketing brings in revenue, for the society it
enables redistribution of income and generation of employment and improving the
living standards of people.