ICSE Class 10 Commerce 2018 Solved Papers
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Question : 16
Total: 31
Why is financing an essential function of Marketing ?
Solution:
In marketing, financing implies "The provision and management of money and credit necessary to get goods from producer to the consumer or industrial user."
Financing is one of the important factor that can affect the marketing activity. For example, if finance department in any organisation limits the marketing budget, than it makes difficult to reach the target demographic. Hence, more financing will facilitate the marketing activities to reach more and more demographic.
Thus, financing is an auxiliary but an essential function of marketing.
Financing is one of the important factor that can affect the marketing activity. For example, if finance department in any organisation limits the marketing budget, than it makes difficult to reach the target demographic. Hence, more financing will facilitate the marketing activities to reach more and more demographic.
Thus, financing is an auxiliary but an essential function of marketing.
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