The nature and role of markets and marketing. study notes.

The nature and role of merchandises and marketplaceing. - marketing is the wait on of planning and reach the conception pricing, promotion and distribution of ideas, goods and services to create exchanges that saisfy individual(present and likely customers) and organisational objectives. The role of marketing in the firm and society-70% of all new products fail within the first year of being launched. - for a profession to achiee its main objective of maximising barters or pull in, it must develop and implement an effective marketing plan. - businesses at once put a strong emphasis on customer-oriented marketing. The business needs to see itself as a customer-satisfying process alternatively than a productional process-to achieve a goal of profit the market plan should be the focus of all unforesightful border planning for three reasons:1.the marketing plan oulines the strategies to be use to bring the geter and seler to becomeher. The business needs to be fitted to: ?Where the market is?Who leave behind buy the product?why they will buy the product?How often the will buy the product2. the affectionateness of marketing is satisfying the existing customer wants, spark advance to take up sales. 3. marketing is the revenue generating activity of some(prenominal) business. Nothing is achieved until a sale is made. Types of marketsResource market ? consists of those individuals or groups that atomic number 18 engaged in all forms of primary production, including mining, agricultural, forestry and fishing. Industrial market- includes the industries and businesses that acquire products to use in the production of other products or in their daily operations. Eg sony buys plastics and surface to produce electronic equipment. Intermediate market (or resellers) - consists of wholesalers and retailers who purchase a finished product and resell them to limit a profit. Eg. pipe is a retailer that buys goods to make into sandwiches and salads for sal e to consumers. ! If you want to get a full essay, order it on our website: OrderCustomPaper.com

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