Marketing is a concept in business through which business people increase their brand awareness. Consumers only buy a product or service that they recognize and know about. This is a fact that has often compelled entrepreneurs to engage in different marketing activities key among which is advertising…
Mass media as a tool of advertising has a number of advantages over other forms of brand promotions key among which is the fact that mass media overcomes the geographical barriers some of which prevent accessibility of certain regions. Mass media communicates spontaneously; this implies that the information communicated reaches its consumers equally provided they have the ability to access it. Furthermore, some forms of mass media provide details and are stored for future references. Such mass media as newspapers and magazines have longer lifespans and therefore provide exhaustive information about a product in case of an advert. The above features coupled with the possibilities of the internet as a mass media makes the media the most powerful tool for entrepreneurs to increase the visibility of their products and possibly the sales. Richard Ohmann evaluated these among other possibilities of the media in constructing his thesis statement, which is adequately accurate. Capitalism is a form socioeconomic system based on the abstraction of resources into privately owned. Capitalist, therefore, aims at increasing their sales and possibly the profitability of their goods and services. Capitalists are aggressive in their production, service delivery and marketing strategies, they attempt to use progressively smaller amount of money in the production and conducting business to yield an abnormally huge profits. They are profit oriented and rarely consider the needs of either the consumers or the society. Ohmann therefore postulates that capitalists will employ the media in increasing their product visibility with an aim of improving profitability (Bogomolova, 2011). Tom & Jacqueline, (2003) explains that the modern day society consists of marketers who desire to increase their product presence by using the least amount of money possible. However, the cost of advertising is progressively increasing in accordance to the quality of advertising services as most entrepreneurs express preference for the established media thereby resulting in competition. So while the established capitalists scramble for the prime time the other less established capitalists parade their products and services in the off peak hours of the media. These activities by marketers result in a media fraternity filled with advertisements for products and services all day. Ohmann describes such a scenario in his hypothesis by claiming that capitalists will eventually saturate the market with their goods and products. The modern day market is literally saturated with products and services. The internet provides yet another advanced platform currently packed with entrepreneurs and marketers all of who have resorted to the cheaper social networking sites to advertise their products (Stewart, 1976). Question 2 Advertisement just as defined earlier is a means to improving the visibility of products and services thereby improving the sales. Products and services have an aspect of sex appeal to them thereby validating the use of women and sexuality in advertisement. The development of ...
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(Marketing As a Concept in Business Essay Example | Topics and Well Written Essays - 3250 Words)
“Marketing As a Concept in Business Essay Example | Topics and Well Written Essays - 3250 Words”, n.d. https://studentshare.net/marketing/15046-exam-study-question.
With the passage of time, the definition of marketing has changed as it has included a pre-manufacture tilt to its basis with regards to a product and/or service. The marketing concept revolves around the premise that marketing shall bring in success if products and/or services are made available in a quantifiable manner to the target audiences.
Marketing concepts refer to the philosophy of the management, through which the objectives and goals of a firm can be achieved. These concepts aid in the identification of customer needs, which may be stated or unstated. The marketing concept is also known as the customer relationship management
This research will begin with the statement that there are various ways of defining marketing as a subject or concept. According to Kotler, marketing has been considered as a social or managerial process wherein different groups of individuals get hold of their desired products through the creation and exchange of various products and value amongst each other.
Thus, the organization’s success in this competitive and dynamic environment is mainly determined by its ability to develop, implement, monitor and evaluate its business strategy (Roussow, 2003). In as far as marketing concept in business is concerned, it can be seen that the ideal criteria that can be used to select one depends on the goals and objectives to be achieved by the organization.
Products and services have increased to the point of saturation which makes the job of the marketers even more difficult. They have to develop a competitive edge over the industry despite the heavy competition or otherwise the brand will eventually die out.
Marketing is the critical business function that helps to attract the customers. Organizations can choose five different competing concepts in order to operate business. These are product concept, production concept, marketing concept, holistic marketing concept and selling concept.
It was founded by Akio Morita and Masaru Ibuka and derived its name from sonus which means smart and well-dressed young men. It is one of the principal manufacturers of electronic products for both consumer and professional markets and grabbed the ranking of 87th in the year 2012 in the list of Fortune Global 500 companies.
Marketing is the process of creation, communication, deliverance and exchange of offerings that are of value for the customers, partners, clients and also the society collectively. Marketing is also the creating, maintaining, and managing of the customer relationship for a long term in ways that are beneficial to the company and also the shareholders.
It highlights three important aspects that marketing accomplishes. First, it recognizes the purpose of business organizations to design products which satisfy customer requirements. Marketing does not just involve offering any goods and services but business organizations should strive to offer those which offer customer value.