Question faith Business & Management

Marketing System and Society

What should a society seek from its marketing system?

Did you know that we write custom assignments? We have experts in each specific subject area with vast experience. Get a complete answer and find out more about our writing services.

Answer Internal Staff

A marketing system is a system that allows for the transfer of products and services from producers to consumers. It is typically associated with branding and advertising, as well as other functions such as product development and distribution. From a societal point of a view a marketing system should provide:

  • An efficient allocation of resources
  • Wealth creation opportunities and economic growth
  • Improved income distribution between different parts of the society
  • An efficient level of supply and demand for marketed goods.