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Explain any four points of importance of marketing for the nation.

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  • Optimum Utilization of National Resources : 

Marketing help in optimum utilization and fair distribution of all the natural and capital resources for the economic development of a country.

  • Protection from Economic Recession: 

Marketing maintains a balance between the demand and supply of a commodity and saves the nation from economic recession.

  • Increase in national Income / GDP : 

By persuading the buyers to demand goods and creating of demand for goods & services by inspiring people to take up new activities and by setting up enterprises for producing goods needed by the customers, marketing plays a significant role in increasing GDP.

  • Export Promotion : 

Through market research conducted in foreign markets, marketing management helps in entering into the international business. Marketing-helps in establishing a product in foreign markets.

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