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Def of Marketing
Def of Marketing
Some examples of marketing research elements are: Statistical theory that is marketing research and evaluation analysis; regression analysis; quantity and qualitative data; project analysis; financial management; sales; accounting; budgeting; trading; auditing; consumers; shareholders; stakeholders; manufacturers; buyers and sellers relationships. The governmental role and laws play a part in domestic marketing.
business function to explore the profitable customer relationship between the manufacturer and the product and the global market trends.
The marketing strategies of the organizations success is inclusive of: New brands; products; competitive rates; stabilize price; bonus coupons; new clients; discounted rates; advertising; promotions; public relations; behavioral management; targeting audiences; focused customer needs and satisfaction; new marketing plans; booming sales and revenue growth.
Other economical strategies involve the organization successes importance of marketing are as follows: Supply and demand; stocks; shares; bonds; statistical research of evaluation; revitalization and reinvention of a companys product. New global technology upgraded changes and performances. That is the internet and information transparency, which have an increasingly mobile workforce in business models and technologies.
Verizon wireless has the best, most competitive marketing strategies compared with other mobile network companies. Another example is: A Verizon wireless mobile phone can be used anywhere inside and out, from the depths of the basement to the deep woods, whereas other mobile network, a customer may have to buy roaming charges to get services in roaming areas.
Verizon wireless was bigger than the government market in sales in the year 2001, and that broke a world record in the marketing history.
The examples of definition given between the three companies have demonstrated their own organizational strategy, and success in the vast competition of different marketing arena. That is, Verizon wireless has the fastest wireless network and more product development than other wireless network companies. Coca-Cola only markets soft drinks of different kinds, whilst PepsiCo has marketed a wide variety of other products, apart from soft drinks. The importance between the three companies success demonstrated that customers should be attracted to the company that offers newer and more varieties of different brand products. Supply and demand is the supreme coin of phrase strength of marketing.
References Define Marketing & Marketing Process. (Part 1). (9th Ed.). Armstrong, G. Kotter, P. Prentice Hall Ed. Inc. (2009). Understanding Marketing. (Chapter 1). Define Marketing for the 21st Century. Marketing Management. (13th Ed.).Kotter, P. Keller, K. Prentice Hall Education, Inc. (2009). Basic Marketing Research (Chapter) 5e. Churchill, G. Brown, T. University of Phoenix ground campus library book. HF5415-2.C49. (2004). www.verizonwirelesss.com/future.phones.html. www.pepsico/Brands/Pepsi_Cola-Brands.html. www.coca-cola.com