.From your point of view, how important is it to know Microcconomics, as a Marketer? Why does this come into play?
Answer (1)
Answer:From my point of view, it is very important to know microeconomics as a marketer because it helps me understand how consumers make decisions and how prices are set in the market. By studying microeconomics, I can analyze supply and demand, identify market trends, and understand what influences customer behavior. This knowledge helps in setting the right price, promoting products effectively, and targeting the right audience. It plays a big role in making smart marketing strategies that lead to better sales and customer satisfaction.
