Which of the following is a function of marketing department in a firm?
Answer Details
Adding value to goods and services is a function of the marketing department in a firm.
Marketing is the process of creating, promoting, and distributing products or services to meet the needs and wants of customers. The marketing department plays a crucial role in this process by identifying customer needs and preferences, developing products or services that meet those needs, and promoting them to potential customers.
Adding value to goods and services is a critical function of the marketing department. This involves creating additional benefits or features that customers are willing to pay for, such as improved quality, better design, or better customer service. By adding value to goods and services, the marketing department helps to differentiate the firm's products or services from those of its competitors and increase customer satisfaction.
In summary, adding value to goods and services is a key function of the marketing department in a firm. This involves creating additional benefits or features that customers are willing to pay for and helps to differentiate the firm's products or services from those of its competitors.