Marketing RISP - Syllabus Points

Descripción

The Roles, Influences, Strategies and Process of Marketing as per the Syllabus
Michael Duck
Fichas por Michael Duck, actualizado hace más de 1 año
Michael Duck
Creado por Michael Duck hace alrededor de 9 años
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Resumen del Recurso

Pregunta Respuesta
Roles Strategic role of marketing goods and services Interdependence with other key business functions Production, selling, marketing approaches Types of markets – resources, industrial, intermediate, consumer, mass, niche
Influences Factors influencing customer choice – psychological, sociocultural, economic, government Consumer laws Deceptive and misleading advertising Price discrimination Implied conditions Warranties Ethical – truth, accuracy and good taste in advertising, products that may damage health, engaging in fair competition, sugging
Process Situational analysis – SWOT, Product Life Cycle Market research Establish market objectives Identify target markets Develop marketing strategies Implementation, monitoring and controlling – develop a financial forecast; comparing actual and planned results, revising the marketing strategy
Stratagies Market segmentation, product/service differentiation and positioning Products – goods and/or services Branding Packaging Price including pricing methods – cost, market, competition-based Pricing strategies – skimming, penetration, loss leaders, price points Price and quality interaction Promotion Elements of the promotion mix – advertising, personal selling and relationship marketing, sales and promotions, publicity and public relations Place/Distribution Distribution channels Channel choice – intensive, selective, exclusive Physical distribution issues – transport, warehousing, inventory People, Processes and Physical Evidence E-marketing Global Marketing Global branding Standardisation Customisation Global pricing Competitive positioning
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