Marketing

I believe the overall concept of merchandising is a occupation contracted on the wants of their consumers;- using tradeing-orientation (putting consumers at the prom of the business) and intentning the future directions to go in. Looking at how my companionship positions itself I decided to evaluate Robert F. Lauterborns five Cs food marketing concept which lie downs of: -Company - What is my come with? -Customer What is the tar meet market of my company? -Collaborators - Who argon the partners of my company? People who can complement the wandering of our goods or go? -Competitors - Who atomic number 18 your competitions? -Context - What is the business environment? Going into the more detail I shit then looked at E J McCarthys 4Ps marketing mix, that was after developed into the 7Ps. The 7Ps of marketing consist of: 1. Product - Describe the return you be selling. What need atomic number 18 you meeting? What problem are you solving? Describe t he services ( after sales support) that tag on your products. 2. Promotion - How do you point to promote your product? through with(predicate) newsletters? TV advertisements? Radio advertisements? 3. bell - What price do you sell your product at? What are the prices of similar products in the market? 4. Place - How do you destine to distribute the products. Through commode supermarkets? Concept stores? Small Mom-and-pop stores? Walmart?

A good marketing plan can help you focus your energy and resources. Thats why market research, however simple or sophisticated, is important. Cost of:  _ regular marketing research _setting marketi! ng focus structure _initial product development _building filmy services _attracting attentions of customers _building long-time relationships with:  +customers +suppliers +distributors _customer retention Benefits: _profit _customer loyalty and trust _long term final stage _reputation Marketing objectives, goals and targets have to be monitored and met, competitor strategies analysed, anticipated...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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