company’s ability to generate good relationships with customers. Marketing environment can be examined in two parts; microenvironment and macroenvironment. Microenvironment is basically the forces that affect a company’s ability to reach its customers‚ which are the company‚ suppliers‚ marketing intermediaries‚ customer markets‚ competitors and publics. When we consider microenvironment of Burger King‚ we firstly see the company itself‚ including all departments of company as each of them has an
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1.Marketing Principles Case study of Osim International Ltd A. Definitions of Marketing The activities of a company associated with buying and selling a product or service. It includes advertising‚ selling and delivering products to people. People who work in marketing departments of companies try to get the attention of target audiences by using slogans‚ packaging design‚ celebrity endorsements and general media exposure. The four ’Ps’ of marketing are product‚ place‚ price and promotion
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Larger societal forces The actors close to the company Macroenvironment Microenvironment 3 The Marketing Environment Demographic Company Economic Cultural Publics Company Competitors Political Suppliers Customers Intermediaries Natural Technological 4 2 N.Karami ‚Marketing 2012 September 29‚ 2012 Customer Relationship Mangement The Company’s Microenvironment (1) Actors The company Suppliers Marketing intermediaries intermediaries
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Topic 2 - The Marketing Environment. As an independent marketing management consultant‚ you have been asked by the marketing director of a leading local white goods company to prepare a report discussing the main components of the micro and the macro marketing environments impacting the organisation. You are also to outline why the organisation should be knowledgeable about environmental developments. Abigail Gatt G.F Abela Junior College Group 2A Table Of Contents
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Chapter Three Analyzing the Marketing Environment Copyright © 2009 Pearson Education‚ Inc. Publishing as Prentice Hall Chapter 3- slide 1 Analyzing the Marketing Environment Topic Outline • The Company’s Microenvironment • The Company’s Macroenvironemnt • Responding to the Marketing Environment Copyright © 2010 Pearson Education‚ Inc. Publishing as Prentice Hall Chapter 3- slide 2 The Marketing Environment The marketing environment includes the actors and forces outside marketing
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some chance of changing secondary values but little chance of changing core values. 2) Compare and contrast a company’s microenvironment with a company’s macro environment. Microenvironment consists of factors‚ which are within the company whereas macro environment consists of factors‚ which are not within the company; instead they lie outside the company. Microenvironment consists of suppliers‚ distributors‚ customers‚ competitors and other factors in which the business is functioning and macro
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1.Specific Features of Financial Services Marketing It has been suggested that there are two characteristics‚ which are specific for financial services marketing. The first one would be fiduciary responsibility and the second one is the two-way information flows. 1.1Fiduciary Responsibility Fiduciary responsibility is one of the most important features within the financial sector. It has been described through Arthur Meidan as "the responsibility of any financial services organisation to guard
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business organization. External environment can be divided into 2 groups which are Microenvironment and Macroenvironment. Microenvironment and Marcoenvironment are the important factors in the marketing environment. Mircoenvironment are the environmental factors are in its proximity. The factors influence the company’s non – capacity to produce and serve the market. There are several factors in Microenvironment which is Company‚ Supplier‚ Marketing intermediaries‚ Competitor‚ Publics and customers
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Development of Marketing Strategy Market: A market is any one of a variety of different systems‚ institutions‚ procedures‚ social relations and infrastructures whereby businesses sell their goods‚ services and labor to people in exchange for money. Goods and services are sold using a legal tender such as fiat money. This activity forms part of the economy. It is an arrangement that allows buyers and sellers to exchange items. Competition is essential in markets‚ and separates market from trade
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third chapter starts going into detail on the first step of the marketing process—understanding the environment in which the company operates. The chapter describes the major micro- and macroenvironments in which the company operates. The microenvironments dealt with will build on the customer and partner relationships developed in prior chapters; they include the other company departments‚ as well are those companies in the supply chain‚ the value chain‚ and the customers themselves. Interested
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