Should We Be in and What Opportunities Should We Advantages: Pursue?' This Is Marketing Before We
Marketing develops products, prices them, promotes them and then distributes a process of planning and executing the: them in a way that helps a company . Conception, create and sustain demand for their . Pricing, products. Promotion, 4Ps of Marketing . Distribution of ideas, goods, and services to create exchanges that satisfy individual and Product: The Product management and organizational objectives. Product marketing aspects of marketing deal with the specifications of the actual good or service, and how it relates to the end-user's Marketing Activities needs and wants. get attention . motivate & encourage people Pricing: This refers to the process of setting a . facilitate them to act (buy) price for a product, including discounts. get them to buy again Promotion: This includes advertising, sales Define your product/service promotion, publicity, and personal selling, and Promotion / promoting refers to the various methods of promoting the Distribute your product/service product, brand, or company. Maintain a relationship Placement or distribution refers to how the Building and nurturing a relationship product gets to the customer; for example, Create, expand and maintain point of sale placement or retailing. This fourth Understand consumer behavior P has also sometimes been called Place, how people buy, what they buy, when they referring to the channel by which a product or buy and why they buy service is sold (e.g. online vs. retail), which geographic region or industry, to which segment (young adults, families, business Customer focus (orientation): people), etc. Customer wants1 are researched, . The information is disseminated throughout the firm and products are developed Advertising . Customer satisfaction is monitored and Advertising is paid communication through a non- adjustments made if necessary.
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