'Marketing and Accounting Made Simple' is an episode of the podcast that simplifies marketing and accounting concepts, using the P-P-P-P framework for marketing and covering basic accounting principles. The episode also features a fascinating story about a man named Leo who sells bottled air from different parts of the world and achieves great success. Don't forget to check out the premium courses offered by the podcast and share it with others!
Marketing is the process of promoting products through the four Ps: Product, Price, Place, and Promotion.
Accounting involves tracking income and expenses to ensure the financial health of a business.
Deep dives
Understanding Marketing
Marketing is the process of businesses promoting their products or services through the four Ps: Product, Price, Place, and Promotion. Product refers to what businesses want people to buy, while Price denotes the cost of the product. Place refers to where the product is available, and Promotion involves advertising and promoting the product to customers. The podcast also explains other important marketing terms, such as branding, advertising, and market research.
Exploring Accounting
Accounting is like a financial diary for businesses, and it involves tracking income and expenses. Income represents the money a company earns from sales or services, while expenses refer to the costs of running a business, such as salaries and materials. The podcast also covers basic accounting terms like revenue, profit, and balance sheet. It highlights the relationship between marketing and accounting, with marketing attracting customers and increasing revenue, while accounting ensures the financial health of the business.
This episode is for my English students who work in finance. But don't worry if you don't! I'll explain marketing and accounting in a way that's easy for everyone to understand.