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WHAT ARE SOME
CORE MARKETING
CONCEPTS?
NEEDS
Basic human requirements
WANTS
Specific objects that satisfy need
DEMANDS
Wants for specific products backed by an
ability to pay
Wants to
buy a
Mercedes
but buys a
Maruti
Suzuki
SEGMENTATIO
NDivision of Market on the basis of various parameter
Market Segment that presents greatest opportunity
TARGET
MARKETS
POSITIONING
Of a Market Offering in the minds of Target Buyers
OFFERINGS & BRANDS
A combination of Products, Services, Information
and Experiences
Every BRAND carries many ASSOCIATIONS in
people’s minds
VALUE
A combination of QUALITY, SERVICE & PRICE
SATISFACTION
A person’s judgement of a product’s
perceived PERFORMANCE in relationship to
EXPECTATIONS
MARKETING CHANNELS
Communication Channels
Distribution Channels
Service Channels
Communication
Channels
Distribution
Channels
Service
Channels
Raw materials Components
Finished
Product
Final
Buyer
SUPPLY CHAIN
COMPETITIO
NActual & Potential OFFERINGS & SUBSTITUTES
a buyer might consider
MARKETING
ENVIRONMENT
Task Environment
Broad Environment
TASK
ENVIRONMENT
BROAD
ENVIRONMENT
Thanks!
REFERENCES
http://thrivefarmers.com/wp-content/uploads/2013/09/process_chart.png
http://istesecht.com/food-images-18-cool-wallpapers-8937.html
http://www.bariatriccookery.com/wp-content/uploads/2014/09/water-and-jug.png
http://ec.europa.eu/education/news/2014/images/shutterstock_dragon_images_115746919.jpg
http://www.alumni.ucsd.edu/s/1170/forms/11405/74758/entertainment0802131322.jpg
http://www.applebees.com/~/media/2012_menu_images/Menu%20C/579x441/Beverages/Beverages_br
ewed_tea.jpg
http://resources.carsguide.com.au/styles/cg_hero_large/s3/dp/albums/album-4820/lg/mercedes-benz-
s350-gallery.jpg
What are some core marketing concepts

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What are some core marketing concepts