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A consumer economy is driven by marketing, which influences marketing choices. By enabling businesses to supply the essential services and goods while also creating jobs that enable more people to buy more goods and services, it establishes a sustainable cycle.
The benefit of marketing for your company is that it engages consumers and helps them decide whether to purchase your goods or services. Additionally, your business plan's marketing strategy contributes to the creation and maintenance of demand, relevance, reputation, competition, etc.
One of the key reasons market value is significant is because it offers a clear technique for figuring out how much an asset is worth, eliminating any ambiguity or confusion. Customers and sellers frequently view a product's value differently in the marketplace.
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