Marketing is called a ___ process because it involves interaction of people. |
Social Economic Legal Contractual |
Social |
The correct answer is option 1- Social. Marketing is called a Social process because it involves interaction of people. In modern times, emphasis is placed on describing marketing as a social process. It is a process whereby people exchange goods and services for money or for something of value to them. Taking the social perspective, Phillip Kolter has defined marketing as, “a social process by which individual groups obtain what they need and want through creating offerings and freely exchanging products and services of value with others”. Thus, marketing is a social process where in people interact with others, in order to persuade them to act in a particular way, say to purchase a product or a service, rather than forcing them to do so. |