Marketing and Sales
ICSE · Class 9 · Commercial Studies
Quick revision notes for Marketing and Sales — ICSE Class 9 Commercial Studies. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
Meaning of Marketing and Sales
- Goods and services are produced to satisfy human wants.
- Marketing is the process of discovering human wants and turning them into products and services.
- The word marketing comes from the word market.
Difference Between Marketing and Selling
- Marketing has a wide scope, while selling has a narrow scope.
- Marketing is a philosophy that aims at achieving organisational goals through customer satisfaction.
- Selling is an operational approach that aims at increasing sales volume through promotional efforts.
Functions and Role of the Marketing and Sales Department
- The main purpose of marketing and sales is to increase sales and support the company's financial success and sustainability.
- Marketing helps build brand awareness by informing customers about products and services.
- Marketing includes research to understand what customers want.
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