Marketing is All Around Us
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Transcript Marketing is All Around Us
Marketing is All
Around Us
Marketing is All Around Us - Ch.1
What is Marketing?
The process of
developing,
promoting, and
distributing
products in order
to satisfy
customers’ needs
and wants.
Marketing is All Around Us - Ch.1
Marketing is. . .
Products
– Goods and services.
Goods
– Material items you can touch.
Services
– A series of tasks performed for a
customer.
Marketing is All Around Us - Ch.1
Marketing ... Connecting
businesses to their customers.
Marketing
provides the means
for the exchange process.
– An exchange takes place every
time something is sold in the
marketplace.
Marketing is All Around Us - Ch.1
In what ways does marketing
affect you every day?
Marketing is All Around Us - Ch.1
Functions of Marketing
Purchasing
– Obtaining goods
and services for
use in the
operation of a
business or for
resale.
Marketing is All Around Us - Ch.1
Functions of Marketing
Pricing
– The
determination of
an exchange price
at which the
buyer and seller
perceive
optimum value
for a good or
service.
Marketing is All Around Us - Ch.1
Functions of Marketing
Product Planning
– The process of
creating a product
in response to
market
opportunities.
Marketing is All Around Us - Ch.1
Functions of Marketing
Marketing
Information
Management
– Gathering,
recording,
analyzing and
disseminating
information to aid
in making
marketing
decisions.
Marketing is All Around Us - Ch.1
Functions of Marketing
Promotion
– Communicates information about
products, services, images or ideas to
customers or clients to influence their
purchase behavior.
Marketing is All Around Us - Ch.1
Functions of Marketing
Financing
– Determining the
need for and
availability of
financial
resources to aid in
marketing
activities.
Marketing is All Around Us - Ch.1
Functions of Marketing
Distribution
– The physical
movement or the
transfer of
ownership of a
good or service
form the
producer to the
consumer.
Marketing is All Around Us - Ch.1
Added Value
Utility
is the usefulness of a
product.
There are five types of utilities. . . .
Marketing is All Around Us - Ch.1
Form Utility
Making
For
or producing things
example, how is wheat
changed to a more useful product?
Marketing is All Around Us - Ch.1
Place Utility
The
product’s usefulness is
increased because of its location.
Where
does the various types of
food you eat everyday come from?
Would you like to go to Florida to
get an orange?
Marketing is All Around Us - Ch.1
Time Utility
Making
a product available at the
right time of year or a convenient
time of day.
Ex.
Christmas season, Valentine’s
Day or stores staying open late in
order to attract customers who
work during the day.
Marketing is All Around Us - Ch.1
Possession Utility
The
ability to aid customers in
owning goods.
Does
the store offer credit cards or
take checks?
Marketing is All Around Us - Ch.1
Information Utility
Usefulness
added to the product
through communication.
Packages,
labels, advertisements,
displays, signs . . .
Marketing is All Around Us - Ch.1
Why study marketing?
. . . to understand
business
. . . to learn
interpersonal skills
. . . to perfect
communication
skills.
Marketing is All Around Us - Ch.1