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What is the relationship between financing and marketing strategies

User Rekovni
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Answer: Finance is measuring the effects caused by marketing. Whereas, the marketing strategies are the keys to the growth of any business.

Explanation: Finance contains all the aspects such as the profits and costs etc. of the business while marketing strategies is making up plans in order to grow and develop the business on a large scale. The strategies are based on the four P's which are Product, Price, Place and Promotion.

User Marthijn
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Financing strategies refers to as the activities including budgeting of each department , profit aspect, cost of each product or service and make strategies to control the cost of each department collectively.

Meanwhile, marketing strategies deals with building strategies to market the product in such as way that it should reach out the larger number of people. Five marketing activities include 5 P's that is product, price, place, promotion and people.

Both these activities are performed by their respective departments but both these department have to coordinate with each other in order to function effectively. Cost incurred by marketing department is financed by finance department by planning in advance and preparing their department's budget .

User Davon
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