Chapter 1: the Nature of Marketing. The focus of marketing is on customers and their changing needs. Goal of marketing: long term customer satisfaction. Three conditions which must be met before the marketing concept can be applied: * Company activities should be focused on providing customer satisfaction instead of producing products. * The achievement of customer satisfaction relies on integrated effort (marketing is the responsibility of everyone in the company.) * Management must
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A Marketing Principles Assignment Prepared By: Rubab Rashid – I.D. 2012321011 Kazi Nehal Ahmed – I.D. 2011421015 S M Abdullah Al Noman – I.D. 2011421010 Nur-E-Nazneen – I.D. 2012221010 Shagar Islam – I.D. 2012121007 Sharmin Rahman Anika - 2013121008 Prepared For: Irfan Jahangir Faculty – Marketing Principles School of Business Date of Submission: 02 March 2013 Task 1 (LO 1.1) Explain the various elements of the marketing process. “A market is the set of actual and potential
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Marketing Principles Introduction Leisure activities are important and meant to de-stress a person and carry attention away from work. The aims are to give person a sense of self and some recreational activity. And UK market of leisure centres and gyms became very competitive; this is indicated by three factors: people became more health conscious‚ number of gyms is constantly increasing and membership becomes more and more affordable. This case study seeks to explain what marketing strategies
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INTRODUCTION: Ikea has appeared as a concept in the 1940s in Sweden‚ but in 1960-1970 Ikea open stores across multiple markets. IKEA logo colors are yellow and blue‚ representing Swedish flag colors. It currently has over 270 stores open in about 38 countries. All Ikea stores are operated under franchise from Inter IKEA Systems BV. (IKEA‚ 2013) The product range is very diverse in Ikea stores customers can find home décor products from plants and furniture to toys and whole kitchens. (IKEA‚ 2013)
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CHAPTER 1- OVERVIEW OF MARKETING 1. Marketing – social and management process where individuals or groups acquire their needs and wants by creating value and exchanging it among themselves. 2. Marketing Process : * Understand the marketplace and customers needs and wants. * Design a customer-driven marketing strategy. * Construct an integrated Marketing program that delivers Superior value. * Product * Promotion * Price * Place * Build profitable relationships
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A.Definitions Of Marketing 1. Marketing is the activity‚ set of institutions‚ and processes for creating‚ communicating‚ delivering and exchanging offerings that have value for customers‚ clients‚ partners and society at large.[American Marketing Association(AMA) Board Of Directors] 2. Marketing is the science and art of exploring‚ creating and delivering value to satisfy the needs of a target market at a profit. Marketing identifies unfulfilled needs and desires. It defines‚ measures and qualifies
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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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Marketing Principles Task 1 – Understand the concept and process of marketing 1a) Following are the elements of the marketing process * Marketing strategy : Targeting * Marketing strategy : Segmentation * Marketing strategy : Positioning * Marketing strategy : Targeting : One need to focus on the following elements * ·Economic factors * ·Demographic elements * ·Technological trends * ·Political/legal events * ·Social/cultural environment *
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INTRODUCTION Marketing is a main function in any business. When we hear the word "marketing"? Some people think of advertisements or brochures‚ while others think of public relations. Marketing involves getting the right product at the right price‚ at right time‚ promoted using the right messages‚ media and sold in the right place. Marketing involves a range of processes concerned with finding out what consumers want‚ and then providing it for them. This involves four key elements‚ which are referred
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American International University of Bangladesh Subject: Principles Of Marketing Section: K Name and ID of the members of the group1.Islam Aminul 2.Islam Touhidul 3.Rahman Md Mostafizor 4.Shahnawaz Khan 5.Khalid Ibrahim Submitted To‚ Samira Nuzhat Lecturer AIUB Last date of submission: 19 April 2010. 2 09-14147-2 09-14139-2 09-14084-2 09-14134-2 08-11892-2 Date: 19 April 2010 Samira Nuzhat Course Instructor Principles of Marketing Subject: Submission of report. Dear Madam‚ It gives ours immense
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