4 ms·
Correct. In capitalism, marketing is the bidirectional flow of information correcting the asymmetry from inefficient markets. This manifests as branding, adve
by bduerst 7y ago
Correct. In capitalism, marketing is the bidirectional flow of information correcting the asymmetry from inefficient markets. This manifests as branding, advertising, affiliate, etc. in the consumer direction and research, surveying, tracking, etc. in the seller direction.
It is the opposite of what GP is saying here, despite their doomsaying at their own revelation that retailers are listening to the broadcasting device consumers bring onto their property to better understand them.