This document provides an introduction to marketing. It defines marketing as how companies create value for customers and build relationships to capture value in return. It discusses how marketing can serve customer needs, wants, and demands by describing products/services, establishing brands, explaining how needs are met, and developing partnerships. It also outlines the key aspects of a marketing campaign including market analysis, defining the marketing mix of price, place, product, promotion, people, process, and physical evidence. The document recaps the main points about defining marketing and the components of a successful marketing strategy.
3. Marketing
Marketing is the process by which
companies create value for customers and
build strong customer relationships in
order to capture value from customers in
return (P. Kotler)
24. a) Price
Premium Pricing ,,
(Luxuries such as Princess Cruises , Savory hotel
rooms and , Concorde flights)
Penetration Pricing
Economy Pricing ,,
(Supermarkets often have economy brands for
soups , spaghetti and rice )
Price Skimming
26. b) place
- Selection consideration
Market segment
Changes during the product life cycle
Producer - distributor fit - Is there a match
between their polices, strategies, image,
and yours?
How much training and support will
your distributor require?