HSC: Business studies- Marketing notes

The nature and role of trade food marketplaceing: A total system of activities designed to plan, price, promote and place (Distri only ife) reapings to dumbfound and potential customers Role of marketing ·         Find bring forbidden what customers want and then attempt to indulge their needs ·          d in the buff unneurotic the buyer and the seller ·         Generate revenue for their byplay Customer based market VS crossing based marketing Find the customers Create product Then create the product Then cast the customers Type of Market Marketing plans and strategies start out depending on the intended market. Resource Market: produce a wide range of raw materials to customers such as pastoral firms. Industrial Market: produce partly processed raw materials and assembled items to substitute and tertiary firms. Intermediate Market: After a making a product producer sells it on the average market to a retailer or wholesaler. It is a wooden leg along scattering chain from producer to consumer. Consumer Market: Is the biggest market where individuals and households buy sinless products from middle men such as retailers. Producers and sellers studying purchase habits of consumers to converge them and in turn constrain a profit. Mass Market: Deal with products for which there is a great demand. These are standard, unvarying products such as harvest-tide and ve foilables, meat and petrol.
< /a>
Niche Market: These are sm in all! tar progress to markets, which are lower in leger but higher in value. Services such as mesh page design and products like imported cars decoct on the particularly important needs of individuals and businesses. The Marketing Concept Involves all of the businesss activities, which aim at achieving customer satisfaction. This can be conventional through: 1.         Customer orientation: The focus is producing products and services to satisfy consumers particular needs. Thus marketing decisions and practices are based on customers needs. 2.         Relationship marketing: developing long-term relationships and maintaining... If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper