Understand the concept and process of marketing 1.1 explain the various elements of the marketing process 1.2 evaluate the benefits and costs of a marketing orientation for a selected organisation Marketing orientations LO2 Be able to use the concepts of segmentation‚ targeting and positioning 2.1 show macro and micro environmental factors whichinfluence marketing decisions 2.2 propose segmentation criteria to be used for products in different markets 2.3 choose
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The Coca-Cola versus Pepsi competition is perhaps the most well known rivalry in the history of marketing. Coke has long enjoyed the home field advantage‚ having become entrenched as the most popular and identifiable cola throughout the world. Although it has carved itself a substantial portion of the market‚ Pepsi has struggled to match the sales revenue of Coca-Cola; until recently. Although Pepsi has never come close to equaling Coke cola market share‚ they have become more aggressive and adept
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The key is not just the invention but the capability to innovate by bringing the product successfully to the market. An important point to remember is that focus of innovation should be providing new solutions which better meet customer needs. Innovative solutions often do not require major breakthroughs in technology. For example Direct Line became the leader in car insurance by removing the need for brokers through its telemarketing campaigns. Or Dell became the profitable computer company just
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Four P¶s of Marketing mix. Introduction KFC Corporation‚ or KFC‚ founded and also known as Kentucky Fried Chicken‚ is a chain of fast food restaurants based in Louisville‚ Kentucky. KFC is a brand and operating segment‚ called a "concept" of Yum! Brands since 1997 when that company was spun off from PepsiCo. KFC primarily sells chicken in form of pieces‚ wraps‚ salads and sandwiches. While its primary focus is fried chicken‚ KFC also offers a line of roasted chicken products‚ side dishes and
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History Although Topshop itself was launched in 1964‚ its parent company‚ The Arcadia Group‚ dates back to 1900 when Montague Burton launched it with an investment of £100. Initially the menswear chain Burton was the company’s principal brand‚ but the launch of Topshop in the 1960s took the Group into the women’s fashion market. It was a small start‚ with Topshop initially only having space in a Sheffield department store called Peter
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New Product Launch BlackBerry 10 BRIEF DESCRIPTION OF THE COMPANY BlackBerry 10 series is the new product issued by the company BlackBerry Limited‚ the former Research in Motion Limited Company. BlackBerry Limited is a Canadian telecommunication company that specializes in smartphones and wireless equipment. The company has produced over 70 models of BlackBerry smartphones over the last decade. Founded in 1984‚ Research in Motion worked on two-ways wireless pagers‚ to later concentrate
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The Marketing Mix Matrix In 2005‚ Chekitan Dev and Don Schultz introduced the customer focused marketing mix (SIVA) in Marketing Management. SIVA was presented as an alternative approach to McCarthy’s classic business orientated marketing mix popularly known as the 4Ps. SIVA and 4Ps are presented here as a complementary mechanisms to shape marketing practice through considering the needs of the customer within the constraint of the organization’s capacity. To that end‚ we present a means to
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What is the marketing mindset? How is a marketing concept different from a product or selling concept? Describe the steps in the buyer decision process. Would you say you engaged in these steps when choosing your education? The marketing mindset means that the organizations concentrates on satisfying the needs of it’s customers. It is the orientation to consumer needs and organizational integration of all activities to meet those needs. The strategy says‚ that the company should start a dialogue
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Marketing Mix Paper MKT 421 Marketing is very important to all organizations‚ and it determines whether the business will be successful or not. “Marketing is the all-encompassing process of getting a product or service in the hands of your customers. The steps involved include market analysis‚ product creation‚ advertising strategy‚ and distribution (Jeanty‚ 2011).” The elements of the marketing mix help the marketing department market products or services correctly to make them the most appealing
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UNIT 5: MARKETING TRAVEL AND TOURISM PRODUCTS AND SERVICES I – Introduction I have been offered a short period placement in the National Maritime Museum. As part of my team projects in the Marketing Department‚ I have to produce a brief report to describe the marketing mix of the organisation in order to examine different aspects of marketing. The National Maritime Museum located in the heart of Greenwich where is home to historically buildings and most important national collections
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