How Marketing has Changed - Production

The video discusses the evolution of marketing, highlighting its central role in business. Initially focused on exchange and trading, marketing evolved significantly with the Industrial Revolution, which introduced mass production. This shift led to a production-centric marketing approach, emphasizing the rapid and cost-effective creation of products to meet increased supply demands.

What is the core role of marketing in business according to the text?

How did the Industrial Revolution impact marketing practices?

What was the primary focus during the second phase of marketing?

Explain the relationship between product production and marketing as described in the text.

What was the ultimate goal of marketing during the production phase?