Luring consumer fraternity, the land’s masses in reality, in the present era of consumerism, to cough up cash and buy goods, whether they meet a clear necessity or impulse buying, has its element of creativity in the rapidly progressing area of marketing, succeeding in which is the litmus test for survival of business and enterprise in the private sector of the economy. Keeping astride the advancing knowledge in the fields of technology and science, the professionals in the area of marketing are coming out with their signature terminology for presenting the multitude of goods and services to their target population. The governments indulging in production of goods and services are known to be mostly unconcerned about the fate of their enterprises in the world of cut-throat competition in the business world, although vested with the authority of a regulator on many counts, including the authority of capping prices.
The administration functions by laying down laws per se ostensibly for the good of citizens, along with penalties and punitive measures for violation of the laws, subject to the efficiency or otherwise of the implementing arms of the government. Private sector, per se, is required to woo the consuming public adhering to mutually rewarding cordial connect.
