Define marketing. Compare and contrast place marketing with cause-related marketing.
Consumers are aware regarding the product or service of an organization, through marketing. This is an organizational activity to sell the goods to consumers. Also includes advertising, branding, delivering products to end users. It has four P’s-product, price, place and promotional strategies.
Place marketing is a technique to sell products to different state, region etc. Selling and branding strategies are applied to different locations. Consumer gets the product from multiple distribution channels. Such as tourism, at different location according to consumer needs, available food products of different regions.
Marketing related cause has effort from both profit and non-profit organizations for the mutual benefits of both. Consumers are wise now, so they are familiar with their surrounding based on inequality. Through mutual cooperation between non-profit and profit organization they raise awareness among consumers which decrease unequal surrounding, in which the consumer and product’s promotion also take place. Cause marketing rules refer to aligning a brand with a cause to produce profitable and society benefits. For example; aids awareness, donation’s request.