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Questions
Distinguish between Marketing and Selling.
Distinguish clearly between marketing and sales.
Solution 1
Basis of Distinction | Marketing | Selling | |
1. | Scope | Total system consisting of planning, pricing, promoting and distributing products. | A part of marketing involving persuasion and directing flow of products to customers. |
2. | Beginning | Begins much before goods are produced to understand the needs and preferences of consumers. | Begins after the goods are produced. |
3. | End | Continues even after sale so as to provide after-sale service and to judge reactions of consumers. | Comes to an end with the delivery of goods to customers. |
4. | Orientation | Customer-oriented, the aim being to satisfy the needs of buyers. | Product-oriented, the aim being to satisfy the needs of the seller. |
5. | Focus | On long-term growth and profitability of business. | On short-term maximisation of profits. |
6. | Means used | Integrated approach. | Persuasion and promotion. |
7. | Objective | Profits through customer satisfaction. | Profits through sales volume. |
8. | Principle | Caveat vendor - let the seller beware. | Caveat emptor - let the buyer beware. |
Solution 2
Basis of Distinction | Marketing | Selling |
1. Meaning | Identifying and satisfying wants. | Exchanging goods for money. |
2. Objective | Ensuring growth and stability of the firm - long-term goals. | Maximising profits through increase in sales volume - Short-term goals. |
3. Orientation | Customer-oriented, let the seller beware. | Production-oriented, let the buyer beware. |
4. Scope | Wider in scope includes selling. | Narrow in scope part of marketing. |
5. Beginning and end | Begins before production and continues after sale. | It begins after production and ends with a sale. |
6. Focus | External; on customer's needs. | Internal, on seller's needs. |
7. Demand | Involves creation and maintenance of demand. | Presupposes the existence of demand. |
8. Growth | New and modern concept. | Old and traditional concepts. |
9. Approach | Integrated approach for achieving long-term goals. | Fragmented approach for immediate gain. |
10. Process | Converting customer's needs into products and services. | Converting products and services into cash. |
11. Nature of activity | Philosophy and attitude. | Routine and tactical. |
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