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Marketing Techniques For London And Iceland

Good Essays

P1 How marketing techniques are used to market products in Transport for London and Iceland
Introduction
In every organisation, marketing is of great importance large organisations use marketing principles to meet the needs of their customers and achieve their objectives.
Marketing - “The action or business of promoting and selling products or services, including market research and advertising.” – Oxford Dictionary
-“The management process through which goods and services move from concept to the customer.” – BusinessDictionay.com The methods and techniques used vary between organisations in different sectors as the constraints under which they operate differ. I will be identifying the broad aims and objectives and how marketing techniques are used to market products in Transport for London’s, a public sector organisation and Iceland, a private sector organisation. Firstly, we will look at the aims and objectives of organisations in different sectors.
Aims and objectives of organisations of the private sector organisations
Private sector organisations operate with the aim of creating the most profit possible. They are competitive and aim to excel over similar organisations. Private organisations are often run by individual entrepreneurs or families.
Aims and objectives of organisations of the public sector organisations
Public sector organisations are usually owned by many members of the public who have shares in the organisation. Public sector organisation usually

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