Preview

muslim heritage

Powerful Essays
Open Document
Open Document
4133 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
muslim heritage
1/What is marketing?
Marketing is not a synonym to selling. Selling is only one function of marketing, other functions of marketing are identifying the needs and wants the of consumer, the development of appropriate product, price distribution and effective promotion. It is the scientific study of the market.
Human needs are affected by the culture ex: both hungry English and Asian man need food. But while an English man wants a steak, the Asian man wants rise . Marketing is the activity which aims satisfying needs and wants .
The marketing concepts is the philosophy that a businessman uses to conductدبر his marketing activity .and there are 5 concepts :
1- the production concept: consumers tend to product which is available and competitive price.
2- The quality concept: consumers prefer quality. the price should match with the quality.
3- The selling concept: accompany must make a selling and promotion ترويج effort to sell its production. it focuses on the needs of the seller.
4- The marketing concept: accompany should study the needs and wants of the target market to satisfied consumers. It focuses on the needs of the buyer.
5- The social concept: a company should take into consideration not only the interest of the consumers but those of society as well .e. g: taking into consideration the environment by introducing a product which is friend of nature.
Target markets
A company should be able to measure the possible demanded of the product it wants sell.1 It must consider market segmentation because consumers vary according to sex ,age ,and income but also to social classes and life style ,2generally a market segment includes all consumers whom respond in a similar way to a given marketing product.3 the third step is that a company should chose serving one or more segments: usually a company try first a single segment and then, if it works, they add more segments with the hope of getting a great market share.

Finally a company should

You May Also Find These Documents Helpful

  • Good Essays

    The marketing concept is when a business allows their customers to decide on the features of their product or service, before it is created. A business would use market research and use research & development to discover the customers’ needs and wants for a product/service.…

    • 680 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    C. Marketing B.

    • 3088 Words
    • 13 Pages

    C (348-349) 6. According to the _________ concept, a firm must (1) find out what customers want and provide it, (2) make sure everyone in the organization has customer satisfaction as an objective, and (3) provide goods and services that will earn a profit.…

    • 3088 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Mkt 220 Test One Review

    • 2104 Words
    • 9 Pages

    Marketing Concept – a philosophy that an organization should try to provide products that satisfy customers’ needs through a coordinated set of activities that also allows the organization to achieve its goals. It is a management philosophy guiding an organization’s overall activities.…

    • 2104 Words
    • 9 Pages
    Good Essays
  • Better Essays

    Marketing and Product

    • 2696 Words
    • 11 Pages

    A: Marketing concept holds that achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better than competitors do. (customer focus and value are the path to sales and profits)…

    • 2696 Words
    • 11 Pages
    Better Essays
  • Good Essays

    “Marketing is the recognition and reunion of the human and social or cultural requirements. There is one of the best and smallest meaning of the marketing is the congregation of desires beneficially” (Kotler & Keller, 2009, p. 5). In addition, the meanings of marketing are given as performing actions that can accomplish the objectives by predicting consumer’s requirements to provide required gratifying things, services, and so on, by the Perrault, Cannon, and McCarthy (2009).…

    • 389 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Bu 352 Midterm Notes

    • 9542 Words
    • 39 Pages

    Marketing is a set of business practices designed to plan for and present an organization’s products or services in ways that build effective customer relationships. o Marketing is more than just about buyers and sellers exchanging money for goods and service or making a profit. Marketers must address the ethical implications of their actions on society in general. The main goal of marketing is to create value for both the firm and customer. o Value is in essence what you get for what you give up. The 6 core aspects of marketing are:1) Marketing is about satisfying customer needs and wants. The first step is to understand the needs and wants of consumers. A need is when a person feel deprived of the basic necessities of life such as food, clothing shelter or safety. The want is the particular way in which a person chooses to satisfy a need, which is shaped by a person’s knowledge, culture and personality. The market refers to the groups of people to whom an organization is interested in marketing its products, services or ideas. Therefore, it is vital that a company must first identify the market that it wants to develop its products and services for. 2) Marketing entails value exchange Marketing is about an exchange or trade of things of value between the buyer and the seller so that each is better off as a result. Examples of exchanges can include goods, services, information, knowledge, etc. 3) Marketing requires Product, Price, Place and Promotion Decisions Marketing has traditionally been about making decisions about the marketing mix (four Ps). The marketing mix consists of the following components:• Product: Refers to goods, services and ideas that a firm is marketing to the consumers. • Price: Marketers must determine the price of a product carefully on the basis of the potential buyer’s belief about its value. This is dependent on the time, money and energy a consumer is willing to expend. • Place: Refers to all the…

    • 9542 Words
    • 39 Pages
    Powerful Essays
  • Good Essays

    Marketing Concept

    • 666 Words
    • 3 Pages

    The marketing concept is a managerial philosophy that an organization should try to satisfy customers' needs through a coordinated set of activities that also allows the organization to achieve its goals. The marketing concept strives to satisfy customers by determining what buyers want and then by using that information. Businesses also have to alter, adapt, and develop new products to continue earnings profits. By being customer oriented, objectives of a business, such as, increasing profits, market sharing, sales, or a combination can be achieved. This philosophy is aimed at helping the customers, but if the customers' objections are not met the business may not stay open very long.…

    • 666 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Mkt 421 Marketing Paper

    • 800 Words
    • 4 Pages

    Marketing is about identifying and meeting human and social needs. Marketing is about meeting needs profitability. Marketing management is considered to some as an art and science of choosing target markets and getting, maintain, and increasing customers thorough creating, delivering, and communicating superior customer value (Kotler & Keller, 2009). Marketing can also be the act of buying and selling in a market or the commercial functions involved in transferring goods from the producer to the consumer. Marketing are the activities that direct a flow of goods and services from the manufacturer to the customers or consumers (Answers.com, 2010).…

    • 800 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Marketing concept is a business philosophy that states that all sections of the business are involved in satisfying a customer’s needs and wants while achieving the business’s goals.…

    • 5478 Words
    • 22 Pages
    Powerful Essays
  • Powerful Essays

    In modern society production and consumption are apart from each other. Marketing connects them. From the societal point of view, marketing is a philosophy which shows how to create effective production systems and consequently prosperity.…

    • 1559 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Marketing Myopia

    • 266 Words
    • 2 Pages

    In 1776 in The Wealth of Nations, Adam Smith wrote that the needs of producers…

    • 266 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Supply and Demand

    • 683 Words
    • 3 Pages

    Selling is the internal aim of business. Thus it is only a part of marketing process. Marketing is much wider than selling and much dynamic. Selling revolves around the needs and interests of the seller; marketing revolves around the needs and interests of the buyer. Selling seeks profits by pushing the products on the buyers. Marketing too seeks profits, but not through pushing of the products but by meeting the needs of the customers and by creating value satisfaction for them.…

    • 683 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Concept of Modern Marketing

    • 6568 Words
    • 27 Pages

    Marketing has been viewed traditionally as a business activity. Business organizations exist to satisfy human needs, especially material needs. Consequently,…

    • 6568 Words
    • 27 Pages
    Powerful Essays
  • Satisfactory Essays

    ba outline

    • 343 Words
    • 2 Pages

    Production concept assumes that customers will want to buy products or services that are easily available and affordable. Hence, management would focus more on production efficiency and distribution of the product. This concept is useful when the demand of a product is higher than its supply.…

    • 343 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing

    • 2444 Words
    • 9 Pages

    Marketing concept: A management orientation that focuses on identifying and satisfying consumer needs to ensure the organization’s long-term profitability.…

    • 2444 Words
    • 9 Pages
    Powerful Essays

Related Topics