Ms Rebecca Essay

3978 WordsSep 24, 201416 Pages
Higher National Diploma in Business Unit 3 Marketing Principles By Juliana .O. Samuel 12449 Table of Contents Serial No 1. Task1 Introduction 2. Marketing: Definition Topic Introduction Marketing: Definitions Page No 1. A REPORT OF THE MARKETING DEPARTMENT TO THE CHAIRMAN OF TESCO DATED: 08/10/2013 Lo1.0 INTRODUCTION The ideals of a detailed marketing plan demand a critical approach. The marketing processes, the market environment variables are essentially relevant to the overall ideals of a campaign. In this study it will be important to ascertain certain definitions which are fundamental to the study. According toAMA (1985) marketing involves the ideals of planning and execution of the concept, pricing strategies, promotional tactics, and the distribution of ideas, commodities and services and the creation of exchange and the satisfaction of objectives. Pettinger(2002) states that the ideals of marketing encompasses the offering of goods and services to the buyer at a price to achieve profit.CIM(2001) insists that marketing is managerial in nature and it involves the activities of identification, anticipation, and the satisfaction of customer needs with the intension of making profit, DISCUSSION/FINDINGS LO1.1 MARKETING PROCESSES Kotler, Amstrong, Saunders and Wong (1999) explain that the market process involves activities of critical analysis of the market. This involves the system of analyses regarding the market. Lancaster (1998) suggests that the marketing process consist of the Strategic market analysis This encompasses a managerial activity where the organisation focuses on utising opportunities that are opened to them with the intension of creating a long-term competitive advantage. This process inculcates formulation, evaluation, and the selection of strategies that are market oriented and meets the

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