Which of the following statements best describes the importance of marketing in today's business world?
1
Marketing is only about selling goods and services at competitive prices.
2
Marketing increases demand for products and services, helps in the smooth transfer of goods from production to consumption, and creates job opportunities.
3
Marketing focuses solely on advertising and promotions to attract customers.
4
Marketing is mainly concerned with product pricing and does not play a role in increasing market base or improving standards of living
5
Marketing involves only the post-sale customer support and service.