Business Assignment
Did you know marketing was more than just advertising? Now that you watched the video, what role does marketing play in the success of the organization? Can marketing influence consumers' decisions? If so, is marketing ethical?
READING: MUSIC PLAYING] MAN: Marketing essentials, what is marketing? The biggest myth about marketing, marketing is a very misunderstood word in business. Mostly advertising, publicity, and sales techniques are considered as marketing. This is based on the belief that marketing begins after a product or service is designed, produced, and is ready for sales and delivery.
Yes, advertising, publicity, and selling are all some parts of marketing, but overall, marketing is much more than all this. The right approach towards marketing should focus on the following, identify the right customer segment, design, develop, and produce a product or service, which is needed by this customer segment, communicate the benefits of the product or service to the customer segment by creating a unique place inside the customer's mind, deliver the value to the customer through the product or service, and gain profit in return. Marketing is all this.
All marketing effort should be centered on identifying and satisfying the customer's needs profitably. Marketing is not an isolated effort. It should be will went into all activities of a business. For this, all business activities should be carried out in such a way that they contribute to the success of the business in generating profit through satisfactory experience of the customers. Here are some examples.
The quality and performance of our products or services, the price, and the availability methods affect all marketing. How the customers feel while interacting with our business in any manner is the real concern of marketing. How our staff treats our customer affects our marketing.
The voice and tone of our telephone operator, our customers support executives, our salespeople affect our marketing. Our after-sales service policy and execution affects marketing. The design and layout of various parts of our store or our business premises affect marketing. The same is true for our website also.
The stationery or packaging which reaches our customers affects our marketing, even the format of our invoice affects our marketing. A customer's needs can be satisfied only if she gets to have a positive experience every time she interacts with any part of our business. So not only the marketing department, but everybody who interacts with the customer or contributes directly or indirectly to the experience of the customer is involved in marketing knowingly or unknowingly.
YouTube Video: "What is Marketing?"
Format your assignment according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.