Marketing vs Advertising: Understanding the Key Differences

by: Ivan Cavric Marketing and advertising are two concepts that are often used interchangeably, but they are not the same thing. While advertising is a component of marketing, marketing is much broader in scope and encompasses a wide range of activities. To understand the difference between marketing and advertising, it's important to define each term and examine their distinct roles in promoting and selling products and services. Marketing is the process of identifying, anticipating and satisfying customer needs and wants through the creation and promotion of products and services. It is a holistic approach that includes researching, developing, promoting, and distributing a product or service to the target market. Marketing encompasses a wide range of activities, including market research, product development, branding, pricing, distribution, and customer service. It is a comprehensive approach that takes into account the entire customer experience and works to buil...