Fundamentals of Marketing Welcome! Wl ! Dr. Stephan Grzeskowiak Professeur‚ Departement Marketing © S. Grzeskowiak How do get these slides? Programs Postgraduate Fundamentals of Marketing © S. Grzeskowiak 1 11/6/2010 Preparation for today’s class • R d IKEA case (HBSP 9 504 094) Read 9-504-094) • Read KKBGH ‘Marketing Management’ – Part I (ch 1 – 4) ‘Understanding Marketing Mangement’ • Download and print Class notes © S. Grzeskowiak Fundamentals of Marketing What
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Marketing Many people think marketing is selling or advertising. Although this is true‚ marketing goes beyond selling and advertising. In this college term paper I will include my personal definition of marketing as well as a definition from two other sources. After explaining the importance of marketing in organizational success‚ I will provide three examples from the business world to support my explanation. Defining Marketing As stated in the text‚ marketing affects almost every aspect of our
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Marketing Anthony Paige National University Marketing When we watch television‚ listen to the radio or walk into a place of business‚ we are marketed too. How has the definition of marketing changed and what makes it an effective business practice? This paper will describe and explain marketing and explain the importance of marketing in organizational success. Not too long ago marketing was considered as a basic function in a business where a company would extol the virtues of their
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Target Market Target Marketing is identifying the groups of consumers that are most likely to buy your products. Extensive detailed research is done‚ and then develops strategic marketing strategies around that target market. Vans Shoes are a good example. Vans target market is preteens through young adults. Their marketing is geared towards appealing to a younger market. They often offer free stickers with purchase‚ that the consumer often sticks in varies places without even knowing they are
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When creating a marketing strategy the first thing to ascertain is the importance of distribution channels and how they work. After reading this paper the reading will be able to better understand the distribution channel levels‚ channel organizations‚ as well as understanding the channel members that should be used in each target market. Home Healthcare Channel Distribution When assessing the different distribution channels it is very important to know that distribution channels are the
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Chartered Institute of Marketing (CIM) The management process of anticipating‚ identifying and satisfying customer requirements profitably CIM refers to requirements CIM definition discusses anticipating/identifying needs. CIM presupposes that marketing is a process with a profit motive‚ although it does not explicitly state whether or not this is for financial profit‚ eg could be gain in society‚ as in the case of charity. The American Marketing Association (AMA) Marketing is the activity‚ set
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www. marketingpundit.com MARKETING MIX (Compiled by Deep Banerjee‚ Marketingpundit.com) Marketing mix is the set of controllable variables and their levels that the firm uses to influence the target market. The elements of marketing mix are the basic‚ tactical components of a marketing plan. Also known as the Four P’s‚ the marketing mix elements are price‚ place‚ product‚ and promotion. The concept is simple. Think about another common mix - an ice-cream mix. All ice-creams contain milk‚
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1 SYLLABUS SUBJECT MARKETING STRATEGY TEACHER BOGDAN WIERZBIŃSKI (PHD) COURSE DESCRIPTION The main objective of this course is to deliver a wider knowledge about managing the markets and products with special focus on emerging markets. During the lessons student will work on case studies and they will solve marketing problems which arise from business circumstances. Students deal with business process of competitive strategy building in the context of main goals achieving. LEARNING OUTCOMES
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process. 8.2 Communication mix. (Team 3) 8.3 Budget. (All team: Media costs) 8.4 Media Selection Case: Dry Clean Express Technical note: The Marketing communications mix (Team 4) Final Project presentation (Week of May 20) BIBLIOGRAPHY Kotler‚Philip y Armstrong Gary MARKETING Versión para Latinoamérica Ed. Pearson México‚ D.F. 2007 COURSE GRADING: 2 Partial exams (20% each= 40%) Final presentation 30% Cases and team work (15% each= 30%) Note:
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1. Qeach brand t=β0+β1*PMinute Maid t+β2*PTropicana t+β3*PPrivate label t+ueach brand t Q: quantity P: price By running the above regression model for each brand‚ we got the following elasticity matrix and the figures for “V” and “C.” Note that we used the average price and quantity for P and Q to calculate each brand’s elasticity. Price Elasticity | Tropicana | Minute Maid | Private Label | Tropicana | -3.4620441 | 0.40596537 | 0.392997566 | Minute Maid | 1.8023329 | -4.26820251 | 0.765331803
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