MARKETING MANAGEMENT UNIT 1 – INTRO TO MARKETING – A STRATEGIC PERSPECTIVE 1. What is marketing? 2. Why is marketing important? 3. Key Concepts of marketing * Needs * Wants * Demands * Products * Exchange * Transactions * Market 4. The evolution of marketing * Production orientation * Product Orientation * Selling orientation * Market Orientation * Societal Orientation 5. Adopting a marketing
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TMA 1 – BMK501-Marketing Management Case Study Analysis I. EXECUTIVE SUMMARY The shift in consumers’ behavior and attitudes today is attributed to a number of important global developments. Chief amongst those are the changing demographics as we head towards an increasingly aging population while at the same time we are witnessing the rise of a new consumer group - the “Generation Y” or the Millennials that threaten to dictate the new rules in buying and doing business. Notably too
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correlated attributes and benefits • Price and quality • Taste and low calories • Power and safety • Comprehensiveness (variety) and simplicity • Strength and refinement Strategies to Overcome Attribute and Benefit Trade-offs • Establish separate marketing programs • Leverage secondary association (e.g.‚ co-brand‚ use celebrities) • Re-define the relationship from negative to positive (develop a credible story) And another tool: Positioning statement Brand X has in the market for …………
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In the article "Marketing to the Millennials" Suzy Menkes a fashion editor‚ describes new ways to reach out to the Millennials that are eager to be entertained and informed. She believes that by doing so‚ you have to grab the attention of the audience through social media. When you use social media as a marketing tool it is not only beneficial for the buyer but also for the marketer because it helps the marketer be more connected to the buyer. "Sites such as Instagram‚ Facebook‚ Twitter‚ fashion
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Executive summary I am doing the advertising for Elevate coffee Company. This business is located at the Shops at NorTerra 2530 W. Happy Valley Rd. Suite 1273 (Next to Harkins) Phoenix‚ AZ 85085. The hours are Monday – Friday 6:00am - 10:00pm Saturday 7:00am - 10:00pm Sunday 8:00 am - 10:00pm.The business offers six different types of coffee‚ along with a wide variety of pastries‚ and breakfast items. The target audience is college students looking for a boost (Generation Y) and older people
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MARKETING MANAGEMENT Chapter 1 Marketing in the 21st century Courtesy: Marketing Management by Philip Kotler 10th Edition Chapter 1 Marketing in the 21st century Scope of Marketing Marketing people are involved in 10 types of entities: • Goods like eggs‚ steel‚ cars (Maruti!!!! Wow) • Services like airlines‚ hotels‚ barbers • Experiences like Walt Disney world’s magic kingdom‚ at planet Hollywood • Events like Olympics‚ trade shows‚ sports events • Persons like celebrity marketing
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brand products and he says‚ tried every product and Migros’ product better than others and He says he will persuade his wife to take these products. The increased interest in store brands all over the world. Through an effective and integrated marketing program‚ companies strive to change consumers’ attitudes toward risk‚ quality and price. As a result‚ most consumers have come to realize that the private labels are not that different from their national or global counterparts‚ and they even have
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MARKETING MANAGEMENT (MB106) – OBJECTIVE TYPE QUESTIONS (ONE SET) MBA I SEMESTER 1. Which of the following is central to any definition of marketing? a. Making a profit b. Making a sale c. Demand management d. Transactions e. Customer relationships 2. Introducing new products to existing markets is an example of: a. conglomerate diversification b. vertical diversification c. horizontal diversification d. concentric diversification 3. When a company acquires a supplier through an acquisition
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Define Marketing Management People are exposed to marketing in almost everything and they can see the results of marketing in the advertisements on television‚ internet‚ and so on and in the abundance of many products. So marketing can be define as an area that has been evolved over time and its process is a set of activities that includes understand‚ deliver‚ create and communicate about a product or service to customers‚ clients. According to The Chartered Institute of Marketing marketing is “The
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MARKETING MANAGEMENT Assignment A Define Marketing Management. Discuss the various management philosophies. Explain how the marketing and selling are contrasted and briefly explain the societal marketing concept. 2 . Explain the various factors influencing a company’s marketing strategy with the help of suitable examples. 3 . What is marketing research? Discuss the marketing research process with the help of an example. Briefly explain the different sources of data. 4 . What do you
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