principles of marketing part 1, basic questions, model exit exam, 2016 E.c.
management, business management, marketing management.
Principles of marketing refer to the fundamental concepts and guidelines that guide businesses and organizations in their marketing efforts. These principles provide a framework for understanding and implementing effective marketing strategies to meet customer needs, create value, and achieve organizational goals. Here is an introduction to some key principles of marketing:
1. Customer Orientation: Marketing begins with a deep understanding of customer needs, wants, and preferences. The principle of customer orientation emphasizes the importance of aligning marketing efforts with customer expectations to provide superior value and satisfaction.
2. Value Creation: Marketing aims to create value for customers by offering products, services, or experiences that fulfill their needs. Value can be defined as the benefits customers receive in relation to the costs they incur. Marketers strive to deliver products or services that exceed customer expectations and provide a competitive advantage.
3. Segmentation, Targeting, and Positioning: Effective marketing requires identifying distinct customer segments and targeting specific groups with tailored marketing strategies. By segmenting the market based on factors such as demographics, psychographics, or behavior, marketers can customize their offerings and messages to appeal to the unique needs of each segment. Positioning involves creating a distinct image or perception of a product or brand in the minds of the target customers.
4. Marketing Mix: The marketing mix consists of the four P's: Product, Price, Place, and Promotion. These elements are the tactical tools that marketers use to implement their strategies. Product refers to the actual goods or services offered, while price involves setting appropriate pricing strategies. Place refers to the distribution channels and locations where products are made available to customers, and promotion encompasses the communication and promotional activities used to reach and persuade the target audience.
5. Ethical and Social Responsibility: Marketing principles also emphasize the importance of conducting business in an ethical and socially responsible manner. This involves considering the impact of marketing activities on society, being transparent and truthful in advertising and promotion, and respecting consumer privacy and data protection.
Find the channel here and subscribe; / @tegbew
List of video
Introduction to management model exit exam, 2016, from chapter 1. • introduction to management model exit...
Introduction to management part 2, planning management function, 2016 E.C. • introduction to management part 2, p...
Introduction to management, part 3 organizing management function,2016. • introduction to management, part 3 ...
Introduction to management part 4, decision making, controlling management function, 2016 e.c. • introduction to management part 4, de...
Business research methods, part 1, model exit exam for 2016 E C; • business research methods, part 1, mo...
Business research methods, part 2, model exit exams, 2016 E.C. • business research methods, part 2, mo...
Principles of marketing part 1, basic questions, model exit exam, 2016 E.c. • principles of marketing part 1, basi...
Principles of marketing part 2, 2016 e.c. • principles of marketing part 2, 2016 ...
Entrepreneurship model exit exam questions, part- 1, • part -1 , Entrepreneurship model e...
Entrepreneurship Model Exit Exam For 2016 E C, part 2, • part -2, Entrepreneurship Model Exi...
Entrepreneurship model exit exam part- 3, • part-3, Entrepreneurship model exit ...
Organization behavior model exit exam, part 1. • organization behavior model exit exam...
Organization behavior model exit exam part 2,2016 E.C. • Organization behavior model exit exam...
Human resource management model exit exam, part 1, 2016. • human resource management model exit ...
Human resource management model exit exam, part 2, 2016. • human resource management model exit ...
Strategic management model exit exam, part 1, 2016. • strategic management model exit exam,...
Strategic management model exit exam Q &A, Part 2, 2016. • strategic management model exit exam ...
Operation management model exit exam, part-1, 2016 E.c, • operation management model exit exam ...
Operations management model exit exam, part 2, 2016. • operations management model exit exam...
Operations management chapter one. • Operations management chapter one, ex...
Managerial statistics I and II, 2016 e.c. • managerial statistics I and II
Project management 2015 exit exam, • 2015 exit exam, project management
How to pass exit exam, የመውጫ ፈተናን እንዴት ማለፍ ይቻላል. • How to pass exit exam, የመውጫ ፈተናን እንዴት...
Operations management, 2015 Exit exam. • Operations management, 2015 Exit exam...
Информация по комментариям в разработке