What is Sales?
Sales refer to the exchange of goods and services in return for the money. It is a process to transfer goods from manufacturer to distributor, distributor to wholesaler, wholesaler to retailer and from retailer to the consumer. The primary object of sales is to increase revenue.
Generally, to promote sales of a product or services a special discount or offers are encouraged to attract the consumer. Few activities involved in strengthening the sales are:
- Demonstration of the product
- Establishing tie-up with various companies
- Customers satisfaction
- Building contacts
What is Marketing?
Marketing is a process that involves research and analysing customer requirement, according to which a company manufactures a product to satisfy their need. The marketing team regularly do market research to examine the likes and dislikes of customers or a group with different tools. In other words, marketing is all about discovering human needs and satisfying them with the desired product, thus resulting in sufficient income.
Few activities that are involved in Marketing:
- Market research
- Manufacturing of product
- Promotion of product
- Advertising of the product
- Selling the product
- After sell service
- Customer satisfaction
This article is ready to reckoner for all the students to learn the difference between Sales and Marketing.
|Meaning||Sales is a transfer of product from manufacturer to the customer in exchange for the money||Marketing is understanding the customers need and introducing a product|
|Reach||Dis-integrated approach||Integrated approach|
|Objective||To influence buyers to buy the product||Identify the need of the customer and satisfy them|
|Scope||A product is created a customers need||Research, advertisement, sales, after sales service and customer satisfaction|
|Process||Involves the exchange of good and service||Identify and satisfy customers’ need|
The above mentioned is the concept, that is elucidated in detail about ‘Difference between Sales and Marketing’ for the Commerce students. To know more, stay tuned to BYJU’S.