Defining Marketing Paper

Introduction The Department of State and Regional Development defines interchange as finding out(a) what customers want, then setting out to tally their needs, provided it back be done at a profit. merchandising includes mart research, deciding on carrefours and prices, advertising, promoting, distributing and selling (2006). The contract for Media Literacy defines trade as The way in which a harvesting or media text is sold to a cover audition (2003). market is a critical element of the phone line organization. market is more(prenominal) than simply promoting and selling a product. Successful trade is pleasant the changing needs of the customer. The purpose of this paper is to define marketing from at least two different cited sources and personal experiences. express on these definitions, this paper will explain the importance of marketing in organizational success. In addition, this paper will subterfuge and provide at least three examples from the c ommercial enterprise ironic land of the importance of marketing to the overall organizational success. The importance of Marketing In orderliness to understand the needs of the customer, the business should implement a clear, summary marketing dodging. A marketing strategy identifies customer groups which a particular business can better serve than its tar fasten competitors, and tailors product offerings, prices, distribution, promotional efforts, and runs toward those market segments.

Ideally, the strategy should address unmet customer needs that offer adapted authorization profitability. A good strategy helps a business focus on the target markets it can serve outgo (S! BA Marketing Basics, 2006). The bon ton may have a extraordinary product they timbre will rampantly sell, however if the product or service does not fit the needs of their potential and current customers at the offered price, then the company needs to revisit the marketing strategy and revise the marketing plan so that the product or service does spark the... If you want to get a blanket(a) essay, order it on our website: BestEssayCheap.com

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