What is Marketing? What is marketing? If you were to have asked me that question before I started this class‚ I would have likely answered that marketing is “advertising and selling products”. I now realize that advertising and selling makes up only a portion of marketing and that there are other components as well. Listed below are other components in marketing: • Identifying and understanding customer’s wants and needs • Understanding the marketplace • Customer-driven marketing strategy
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The marketing mix in marketing strategy: Product‚ Price‚ Place and Promotion The marketing mix is the set of controllable‚ tactical marketing tools that a company uses to produce a desired response from its target market. It consists of everything that a company can do to influence demand for its product. It is also a tool to help marketing planning and execution. The four Ps of marketing: product‚ price‚ place and promotion. The marketing mix can be divided into four groups of variables commonly
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Strategic Planning Business Unit Strategic Planning • SWOT Analysis – External Environment Analysis (Opportunity and Threat Analysis) • Marketing Opportunity – Buying opportunity more convenient or efficient – Meet the need for more information and advice – Customize an offering that was previously only available in standard form Business Unit Strategic Planning – Marketing Opportunity Analysis (MOA) • Can the benefits be articulated to a target market? • Can the target market be reached with cost-effective
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MARKETING APPLICATIONS OF INTERNET MARKETING Internet-based media offer a range of opportunities for marketing products and services across the purchase cycle. Organizations can use online communications such as their websites‚ third-party websites and email marketing as means of: • An advertising medium. For example‚ BP plc and its subsidiary companies‚ such as Castrol Limited‚ uses large-format display or interactive ads on media sites to create awareness of brands and products such as fuels
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Chile’s Global Operations Management MGTU - 400 GLOBAL ENVIRONMENT OF BUSINESS WEEK 7 – ASSIGNMENT 7 December 9‚ 2012 Chile’s Global Operations Management With the rapid advancement of international economic activities‚ especially from the greatest contributor such as multinational companies in local economies‚ it has become increasingly important for enterprises to analyze the industrialization process in other countries as well as relevant changes that influence how business operate outside
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Chilean Miners BCOM275 2/26/2013 Chilean Miners The "Timeline: Trapped Chilean Miners" (2010) website reported that on August 5th‚ 2010 33 Chilean miners were trapped when the main ramp of the San Jose mine in the Atacama region of northern Chile collapsed. Emergency officials are currently unable to communicate with the miners trapped. It was said that workers were trapped at a depth of around 300 meters Weik‚ J. (2010). The company Codelco is yet to inform the immediate families of the
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RESEARCH PROPOSAL: Lack of an auditorium is a big problem in NSU Date : June 17‚ 2012 To : Mousume Akhter Flora (MkF) From : Md. Faridul Islam Subject: Proposal to do a research paper on the needs of the students from an auditorium of North South University Introduction: In student life every students want something special from their universities where they read. The main fact behind this reason is‚ so that they can show up their university as a different one from all other universities
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7P’s Analysis of Burger king Product - It must provide value to a customer but does not have to be tangible at the same time. Basically‚ it involves introducing new products or improvising the existing products. Price - Pricing must be competitive and must entail profit. The pricing strategy can comprise discounts‚ offers and the like. Place - It refers to the place where the customers can buy the product and how the product reaches out to that place. This is done through different channels‚
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AN OVERVIEW OF MARKETING AND THE MARKETING ENVIRONMENT AFFECTING MARKETING APPROACHES. 1. When going about developing a marketing approach‚ an organisation needs to look at several factors‚ these factors can affect an organisation directly and sometimes even indirectly‚ The external factors that Woolworths and Topshop would need to take into consideration would be firstly‚ the macro environment: like the political stability of the country‚ the socio-cultural‚ technical‚ legal‚ environmental
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1) The four dimensions of a company’s product mix include width‚ length‚ depth and consistency. A) Width: The width of a company’s product mix refers to the number of product lines sold by the company. B) Length: The length of a company’s product mix refers to the number of total products or items in a company’s product mix. C) The depth of a company’s product mix refers to the total number of variations of each product. D) The consistency of a company’s product mix refers to how closely
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