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There are many definitions of marketing. Some of these definitions are as follows:. Putting the right product in the right place, at book the right price, at the right time is called Marketing. Marketing is used to identify the customer, to satisfy the customer, and to keep the customer. Marketing is the process of planning and executing the conception, pricing, promotion, and distribution (4 Ps) of ideas, goods and services to create exchanges (with customers, business partners) that satisfy individual and organizational objectives. The customer focused philosophy is known as the "marketing concept". The marketing concept is a philosophy, not a system of marketing or an organizational structure. It is founded on the belief that profitable sales and satisfactory returns on investment can only be achieved by identifying, anticipating and satisfying customer needs and desires. Marketing Mix (4Ps The 4 Ps is one way probably the best-known way of defining the marketing mix, and was first expressed in 1960 by cCarthy.