Today the world economy has undergone a radical transformation in the last twodecades. The companies are emerging at the faster level. The technology and advances have permitted companies to widen substantially both the Markets and suppliers sources. Now ascompanies are emerging with their new products, marketing has become exuberant activity inexpanding the market globally. Marketing starts with human need and wants. It is a human activity directed atsatisfying needs and wants through exchange process.Marketing management deals with identifying and meeting human and social needs. Itis basically a meeting needs profitability.In other words we can say that “It is the process of planning and executing conception, pricing, promotion and distribution of ideas, goods and services to create exchanges thatsatisfy individual and organizational goals”. The aim of marketing is to know and understandthe customer so well, that the product or service fits him and sells itself.It acts as an instrument to lift up the standard and life style of the economy with thehelp of marketing; we are able to get the products at our doorstep at our choice and needs. Thewhole economy would be sluggish if marketing did not exist. Marketing is of criticalimportance because it maintains stability in the economic condition.Marketing is an existing, dynamic and contemporary field. It is recognized as the mostsignificant activity in the society.
NSB, Bangalore 2