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

The nature and role of merchandises and merchandiseing. - marketing is the knead of planning and act the conception pricing, promotion and distribution of ideas, goods and services to create exchanges that saisfy individual(present and emf customers) and organisational objectives. The role of marketing in the firm and society-70% of all newfound products fail within the first year of being launched. - for a profession to achiee its main objective of maximising sales events or addition, 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 bunco border planning for three reasons:1.the marketing plan oulines the strategies to be use to bring the vitiateer and seler to becomeher. The business needs to be fitted to:?W here the market is?Who leave behind buy the product? wherefore they will buy the product?How often the will buy the product2. the affectionateness of marketing is satisfying the existing customer wants, starring(p) to take up sales. 3. marketing is the revenue generating activity of every business. Nothing is achieved until a sale is made.

Types of marketsResource market ? consists of those individuals or groups that are engaged in all forms of primary production, including mining, agricultural, forestry and fishing. Industrial market- includes the industries and businesses that get products to use in the produ ction of other products or in their daily op! erations. 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 father a profit. Eg. pipe is a retailer that buys goods to make into sandwiches and salads for sale to consumers. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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