CHAPTER 1 & 2 * What is marketing? Marketing is an organizational function and a set of processes for creating‚ communicating‚ and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stakeholders. * What is the marketing process? * Needs‚ wants and demands Needs : basic human requirements Wants: the needs becomes wants when they are directed to a specific objects and might satisfy the need Demands: are wants for
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The marketing strategy of Apple Iphone 4 Introduction Over the past seven years‚ Apple has seen great success due to its imaginative and fresh way to do the business. Through continuous innovation‚ Apple has developed a series of exceptional products with imaginative design and style. Specifically‚ Apple has made its products popular among the customers through effective marketing strategy. To some extent‚ innovative marketing‚ and sleek and enticing communications is the primary reason for
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At the end of the commercial a narrator says that‚ “you don’t need to look like Derek Ramsey to avail a dozen donuts for 199 pesos”. In a 49-second commercial‚ Dunkin’ Donuts (or its advertisement partner) imbed cultural‚ value‚ and generational marketing strategies which target mostly the young to mature B‚ C and D segments of the Philippines. As seen in the commercial‚ a seemingly straightforward encounter with a celebrity resonates a feeling of being ‘the chosen one’ or ‘ the lucky few’ that
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Study “Apple introduced the original iPhone back in 2007‚ instantly obsoleting every other smartphone on the planet in every way that mattered” (Ritchie‚ 2013‚ p.1). Within the next two years Apple came out with the iPhone 3G and 3GS which they were able to increase the functionality while simultaneously lowering the price‚ this allowed Apple to take the smartphone fully out of the niche and make them mainstream (Ritchie‚ 2013). Apple was able to bring the iPhone to broader carriers and faster speeds
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THE THREE MOST POWERFUL MARKETING CONCEPTS Rachel Pechacek Tarleton State University Marketing Management MKTG 508 April 10‚ 2010 The Three Most Powerful Marketing Concepts The three most powerful marketing concepts are customer focus‚ marketing imagination‚ and market segmentation. Each of the three concepts when used alone establishes an intimate customer following (further described individually below); as they are aimed at satisfying a customer’s needs rather than persuading a customer
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Executive Summary The purpose of this business report is to review the appropriateness of the iPhone for the target segment. A brief explanation of the iPhone‚ in which the market operates‚ is given‚ including the main micro and macro environmental factors that affect the industry. People have different needs based on their demographic‚ economic and physiological backgrounds and they perceive the appropriate mobile phone category accordingly. The mobile phone industry has many competitors‚ and
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Marketing may be defined as a societal process by which individual and groups obtain what they need and want through creating‚ offering and freely exchanging products and services of value with others. There are four competing concepts under which organizations conduct marketing activities. They are: 1] Production concept: this concept holds that consumers will prefer products that are widely available and inexpensive. For example‚ • Companies involved in the manufacture of candies like
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Course: Planning Marketing Programs Group Project: iPhone 5s‚ September 2014 Table of Contents: 1. Executive Summary ……………………………………………… 2 2. Situational Analysis ……………………………………………… 3 3. SWOT Analysis …………………………………………………...7 4. Objectives ……………………………………………… ………...8 5. Strategy (segmentation‚ targeting and positioning) ……………… 9 6. Action Program (the operational marketing plan itself for the period
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possibilities curve for the iPhone 5c and the iPhone 5s‚ I expected the cost benefit analysis would favor towards the iPhone 5c. However‚ I underestimated the utility of iPhone manufacturing and how much it actually cost to build‚ sell and profit from the iPhone 5c. Apple Inc. also has to consider their marketing as well‚ to insure their product sells across the globe to receive marginal benefit. According to the information on the production possibilities curve‚ the iPhone 5s marginal cost is about
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iPhone 6 Apple working on 4.7-and-5.7-inch iPhones for 2014 Reuters cites ‘four people with knowledge of the matter’ and as well as claiming the larger display models under consideration they also point to cheaper variants being considered too. Again‚ we have heard whispers of a budget iPhone for a very long time. Apple is said to be considering such products for the usually cited reason: Samsung. The report suggests Apple is starting to think it needs a broader product portfolio to compete
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