Lowering prices increase the sales volume of the company. In some cases, consumers do not consider the price of the product, but instead go for quality, cost effectiveness, accessibility, time, and value added. Therefore, price influences the companys growth and at the same time limited in its scope.
These are company’s activities, which makes the product available to consumers. For products to be available to consumers, an organization must target larger geographical coverage and open distribution centers. Similarly, goods have to be placed next to consumers to allow their accessibility. Because of this, companies open distribution networks to enable the products and services reach the target market.
This is a way the company communicates to its customers about the product, values and benefits. There are different ways an organization can promote its products, and they include internet marketing, print media adverts, direct sales among others.
Marketing orientation is of benefit because it makes the organization respond to demands. It enables the organization to react to what customers want hence eliminating guessing and forecasting characterized by guessing what consumers wants.
It also helps in building customer values, which helps a company in increasing customer loyalty to the brand. This benefits the company because it gives a competitive advantage and solidifies the customer base. The company also benefits from reward sales because of customers repeat larger purchase.
However, it is costly because the company has to invest in marketing research. This may prove to be expensive for an organization will have to move and conduct a study in order to know what customers prefer.
The microenvironment influencing MacDonald marketing strategies involves issues of its managements. For instance, the company has many customers, which influences its marketing decision. It has to market its products to reach its large customers ...
Cite this document
(“Marketing principles Assignment Example | Topics and Well Written Essays - 1500 words - 1”, n.d.)
Retrieved from https://studentshare.net/marketing/649820-marketing-principles
(Marketing Principles Assignment Example | Topics and Well Written Essays - 1500 Words - 1)
“Marketing Principles Assignment Example | Topics and Well Written Essays - 1500 Words - 1”, n.d. https://studentshare.net/marketing/649820-marketing-principles.
These are the factors that are involved in the marketing process. 1. Try to understand the customer you are targeting. It is very important that the customers that are being targeted should be understood clearly and communicated to others. The pictures should be clear as to what the customer wants and what the customer is demanding.
The paper has focused on the meaning of international direct marketing which is in a narrow sense, includes all the market oriented and cross border activities and include a wide range of multi level communication which help in developing contact to the customers both directly as well as cross border (Krafft & Hesse, 2007).
The paper will show that it is important to think out of the box, to think logically, and not to follow market trends blindly. It is differentiation that would put the Virgin Atlantic apart from its competitors. Consumers are always looking for something new, something that will intrigue and fascinate them
Marketing in the simplest form is defined as the activity and processes entailed in the creation, communication, delivering and exchanging offerings that have value for customers, clients and partners. In the endeavour to be effective in marketing, certain principles must be followed.
It is also defined as the process of planning and carrying out pricing, conception, distribution, and promotion of goods, ideas and services, to create exchanges that satisfy organizational and individual objectives. There is also a different definition which states that marketing is a process aimed at identifying, anticipating and satisfying customers’ requirements profitably.
The objectives of the communication campaign and the elements involved in marketing communication are focused in detail. Finally the marketing strategy and communication method is selected and applied .There is a detailed analysis on the cost of campaign for budget allocation and finally the effectiveness of the marketing communication campaign is gauged by proven methods.
When it should be done? And how it can be done? (Soundarapandian 2002).
In respect to this, the marketing plan presented in the paper is aimed to present some crucial action plans and strategies regarding improve the current market position of Ikea
tly sell their products locally as well as internationally and operate with international companies as either competitors or suppliers, which make their engagement in global issues more significant.
The increasing use of English as an international language and the use of the
The basic concept is to make to most appropriate product that has to be available at the right place at right prices with most suitable promotion. These elements are called variables because they differ from
Marketing is not regarded as the actual presentation of such roles as production and design but as the manipulating and guiding of these activities through the role marketing plays in decision making. Marketing may also be defined as the actions involved in identifying
12 Pages(3000 words)Assignment
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Assignment on topic Marketing principles for FREE!