Marketing and promotion is the key to a successful business. To what extent do you agree?

There are several keys towards business success.

However

, some people think that

product

promotion and marketing skills have worth penetrating a

product

in the

market

for a successful outcome. I partially agree with

this

view as there are other components as well that needs to be considered. Marketing and brand promotion are essential departments of an association. If an organization have a lacking in their branding strategies,

this

will eventually impact reputation and revenue loss.

This

department prepares tactics to enhance adaptability by the end users and compete with other substitutes available in the

market

.

For instance

, Apple a renowned

company

started their manufacturing plant on a small scale and

due to

their focus on marketing strategies, they are now leading in mobile phones.

However

, there are some other keys as well towards a benefit of a

company

. amount and

quality

play a vital role towards

company

profit.

Due to

the high inflation rate, clients in the

market

have become price-conscious and they prefer products with reasonable prices and better

quality

. So, creating a

quality

product

at a reasonable price is a challenge for a team as compromise can lead to a direct impact on their reputation and financial loss.

For instance

, Nokia Brand has captured an 80%

market

share

due to

its robust technology and reasonable cost within a year.

Consequently

, these factors should be considered

while

launching a commodity or service in the

market

.

To conclude

,

although

product

marketing has its own importance for business development, a

company

with a high

market

share

also

focuses on price and

quality

. By taking certain measures and strategies, an organization can establish the desired profit.