There are two kinds of external marketing environments; micro and macro. These environments’ factors are beyond the control of marketers but they still influence the decisions made when creating a strategic marketing strategy. micro and macro environments Micro Environment Factors The suppliers: Suppliers can control the success of the business when they hold the power. The supplier holds the power when they are the only or the largest supplier of their goods; the buyer is not vital to the
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Marketing – An Introduction Question 1 The market concept focuses on putting the customer first and identifies the needs and wants of the customer by organising and co-ordinating the company in order to do so. It carries out research to try and establish what the customer’s needs and wants are, competitors and the price. There is a mutual benefit for both the customer and organisation within the market concept as the organisation makes money and the customer is satisfied. The marketing concept
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market and sell their products, this can be done through the exploration of the countries macro environment. Discussed throughout this paper will be how different macro environmental factors in overseas markets and how each of them could potentially affect Cochlear’s global marketing mix. Borden, 1964 describes the marketing mix as a group of essential components or requirements that make up a businesses marketing strategy, in short it is made up of 4 components, product, price, place, promotion (Vignali
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Table of Contents Introduction 2 Marketing process 2 Marketing oriented approach 2 Macro environment and Murphy 3 Microenvironment of Murphy 4 Segmentation for Murphy 4 Target market for Murphy 4 Customer behavior 5 When they enter the store alone 5 When they enter the store with the kids 5 Positioning of Murphy’s paper and pen 5 Product development to gain competitive advantage 5 Distribution channels for Murphy 6 Price of Murphy Products 6 Promotion
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ASSIGNMENT Marketing Plan Submitted by: Submitted to: Submitted on: Table of Contents EXECUTIVE SUMMARY Error! Bookmark not defined. 1. INTRODUCTION: 4 1.1 COMPANY PROFILE: 4 1.2 COMPANY MISSION: Error! Bookmark not defined. 1.3COMPANY / MARKETING OBJECTIVES: 4 2.situation analysis 5 2.1 market summary: 5 2.1.1 market demographics, needs, trends: 5 2.2 swot analysis: 5 2.3 competition: 6 2.4 macro environment: 7 2.Marketing strategy 8 3.1 market research: 9 3
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Havering College of Further & Higher Education UNIT 4 MARKETING PRINCIPLES (F/601/0556) QCF LEVEL 4: BTEC HIGHER NATIONAL ASSIGNMENT BRIEF Assessment title: | Marketing Principles | | Lecturer: | JON BENNETT | Issued date:Submission date: Task One byTask Two byTask Three byTask Four by | FINAL SUBMISSION OF ALL TASKS 20TH JANUARY 2015STUDENTS ARE ABLE TO SUBMIT DIFFERENT TASKS AS AN INTERIM ASSESSMENT TO GAIN FEEDBACK PRIOR TO FINAL SUBMISSION.ONLY WITH EXCEPTIONAL CIRCUMSTANCES
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levels of the marketing environment, and how each could affect a business *Describe a SWOT analysis and its components *Outline several common metrics and why they are used *(Ch 3) Discuss the 2 different types of data, and 2 main research approaches Slide 3 Marketing MIX: 4ps product price place promotion Slide 4 Lots of competitors are coming in for Facebbok Need to use SWOT analysis in our plan Slide 5 1. Macro-Environment 2. Micro-Environment Slide7 Macro-Environment
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Introduction 1 2. Current Marketing Situation 1-4 2.1. Macro-Environment - Demographic Environment 1 2.2. Macro-Environment - Technological Environment 2 2.3. Macro-Environment - Economic Environment 2 2.4. Macro-Environment - Political Environment 2 2.5. Micro-Environment - Competitors 2 2.6. Micro-Environment – Customers 3 2.7. SWOT Analysis 3 2.7.1 Strength 3 2.7.2 Weakness 3 2.7.3 Opportunities 4 2.7.4 Weakness 4 3. Objectives and Issues 4-5 4. Marketing Strategy 5-6 4.1. Segmentation
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Marketing I (Fundamentals) Week 2 Marketing Orientation Marketing Management Ø The analysis , Planning , Implementation and Control activities of management with regards to marketing. Marketing Management Philosophies 1. Production Concept Focus on production and distribution efficiencies Consumers will favour products that are available and affordable 2. Product concept Focus on product improvement Consumers favour better products 3. Selling concept Focus on more selling and promotion Consumers
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Contents 1.0 Marketing environment analysis-Micro trends……………………….2 1.1 Competitors……………………………………………………………………3 1.2 Customers………………………………………………………………………4 2.0 Marketing environment analysis-Macro trends………………………5 2.1 Demographic………………………………………………………………....5 2.2 Technological…………………….……………………………………………5 3.0 Marketing Mix-Evaluation and Critique……………………………………6 3.1 Overview of current marketing approach……………………….6 3.2 Evaluation of Effectiveness……………………………………………..6 4.0 Marketing Mix-Redesign…………………………………………………………7
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