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Marketing Principles Essay

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Marketing Principles

Marketing is the process of planning and executing the conception, pricing, promotion, and distribution of goods, services, and ideas to create exchanges that satisfy individual and organisation objectives. Marketing has many ways that products are sold. It includes advertising, selling and delivering products to people. Marketers try to get the attention of target audiences by using slogans, packaging design, celebrity endorsements and general exposure in the media world. The process of developing, promoting, and distributing products to satisfy customers' needs and wants.

Marketing include 4 Ps for marketing mix that is product, place, price and promotion. Product is the good, which is the company want to …show more content…

There are three ways: financial benefit, social benefit and structural ties. Financial benefit is higher offer long-term customer with bonus. E.g. Singapore airline has a special service is star alliances, when consumers catch Singapore airplane to somewhere, consumers will get the points depends on the distance. If passengers get enough point, they will have bonus trip ticket. Social benefit is share passion and show pride for customer. E.g. somebody buy the limited sell products for the famous brands on the world that will increase her/his condition. Structural ties are special equipment and linkage help to manage order. E.g. a company do the market research to customer for customer feedback. The company will know the business deficiency and what is consumer want or need. Customer satisfaction relates to judgements about transaction, but their long term attitude towards a service relates to the quality of the service.

Question 2: The marketing environment

Q2(a)marketing environment:

(b)publics:any groups which are interested and have impact on company to achichieve it’s goal.

( a )
Marketing environment is a place the organization setting in, any of changes of in the environment can have impact on the organization’s performance, profit, etc. The marketing environment surrounds and impacts upon the organization. There are two key perspectives on the marketing

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