Name: Mohammed Abdul Jaleel: ROLL:46 Bballb 5years Topic: Difference Between Selling and Marketing
Name: Mohammed Abdul Jaleel: ROLL:46 Bballb 5years Topic: Difference Between Selling and Marketing
Name: Mohammed Abdul Jaleel: ROLL:46 Bballb 5years Topic: Difference Between Selling and Marketing
MOHAMMED
ABDUL JALEEL
ROLL:46
BBALLB 5YEARS
TOPIC: DIFFERENCE BETWEEN SELLING AND MARKETING
Selling concept
Selling concept is a business notion, which states that if consumers and
businesses remain unattended, then there will not be ample sale of
organization's product
Itis associated with Compelling
consumer's mind towards goods
and services.
Starting point= factory
Focuses on= product
Perspective= inside-out
Essence= transfer of title and possession
Business planning= short term
Orientation= volume oriented
Means=heavy selling and promotion
Price= cost of production
The selling concept holds that if businesses and consumers are left isolated,
then the consumers are not going to buy ample products manufactured by
the company. The concept can be applied belligerently, in the case of goods
are not sought, i.e. the goods which the customer don’t think of purchasing
and also when the firm is operating at more than 100% capacity, the firm
aims at selling what they produce, but not what the market demands.
Hence, the consumer wants are induced to buy the products, through
aggressive selling and promotional techniques such as advertising, personal
selling and sales promotion.The essence of selling concept is to sell what the
company produces, by convincing, coaxing, luring or persuading buyers,
rather than what is desired by the customer. The concept focuses at
generating profit by maximising sales.
Marketing
concepts
Marketing concept is a business orientation which talks about accomplishing
organizational goals by becoming better than others in providing customer
satisfaction.
Itis associated with Directing goods and
services towards consumer's mind.
Starting point= target on market
Focuses on= customers needs
Perspective= outside-in
Essence= satisfaction of consumers
Business planning= long term
Orientation= profit oriented
Means= integrated marketing
Price= market determined
The marketing concept is a business idea, which states that the company’s
success lies in becoming more effective than the rivals, in producing,
delivering and communicating greater customer value to the target market.
It relies on four elements, i.e. target market, integrated marketing, customer
needs and profitability. The concept begins with the specific market, stresses
on customer needs, coordinates activities that influence customers and reaps
profit by satisfying customers.
The notion holds that a firm can attain its objective of profit maximisation, in
the long run, by identifying and working on the needs of the current and
prospective buyers. The central idea of marketing concept is to fulfil the
needs of the customer, by means of the product. Hence, all the decision was
taken by the firm keeping in mind the satisfaction of consumers.
Selling is the modern version of Exchange under the
barter system. When the focus is on selling, the
company management thinks that after production of
the product has been completed. It is the task of the
sales department to sell whatever the production
department has manufactured. Aggressive sales
methods are justified to this goal and customer’s
actual needs, and satisfaction on for granted.
But marketing is a wide and all-pervasive activity to a
business firm. The task commences with identifying
consumer needs and does not end, till feedback on
consumer activities which comprises production,
packaging, promotion, pricing, distribution and then
the selling. Consumer needs become the guiding force
behind all these activities. Profits are not ignored, but
they are generated on a long run basis. The distinction
between selling and marketing are summarized in the
following table: