Marketing Defined University of Phoenix MKT/421 – Marketing Marketing Defined Marketing is often thought of as advertising and selling‚ but marketing encompasses more than just selling a product or service and advertising it to entice customers to make a purchase. Perrault‚ Cannon‚ and McCarthy (2009) defined marketing as "the performance of activities that seek to accomplish an organization’s objectives by anticipating customer or client needs and directing a flow of need satisfying goods
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Summary of Point Values for Course Assignments ASSIGNMENTS Points Individual (75%) Defining Marketing Paper (Week 1) (Sunday‚ January 8th‚ 2012) 8 Marketing Mix Paper (Week 2) (Sunday‚ January 15th‚ 2012) 8 Marketing Research Paper (Week 3) (Sunday‚ January 22nd‚ 2012) 8 “Using Perceptual Maps in Marketing” Simulation Summary (Week 4) (Sunday‚ January 29th‚ 2012) 8 Environmental Factors Paper (Week 5) (Sunday‚ February 5th‚ 2012) 8 Final Examination (Week 5) (Monday‚ February 6th‚ 2012)
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Environmental Factors Affecting Marketing Decisions June 10‚ 2011 University of Phoenix Harry Derderian MKT/421 Marketing Environmental Factors Affecting Marketing Decisions Management is faced with many decisions when considering the environmental factors that affect marketing. This includes global economic interdependence‚ demographics‚ cultural differences‚ social responsibility‚ ethics‚ and technology. It is imperative for a company to understand how these factors can greatly affect
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Week Three Assignment 5. Explain when and why it is important for a company to globalize. When an organization wants to go global‚ they look at the opportunities in all countries that will permit that organization to enhance the effectiveness of business functions everywhere the organization has operations and then devise a strategy to achieve that goal. The two main reason an organization looks to globalization is for standardization and customization. Standardization uses a
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Environmental Factors Environmental Factors MKT/421 Marketing Name November 16‚ 2010 1 Environmental Factors 2 Environmental Factors Environmental Factors can affect businesses and have an impact on marketing decisions. The organization that was chosen for the environmental factors paper was Coca-Cola. This company’s major marketing decisions are impacted by environmental factors. This paper is intended to address the forecasts of high level global and domestic environmental
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Defining Marketing MKT/421 Marketing Defined A personal definition and two additional definitions from two sources for the term marketing will help identify the complete meaning. An explanation of the importance of marketing in organizational success is based on the marketing definitions presented. Three examples from the business world to support the explanations in regard to the definition of marketing will be provided. Marketing defined without reviewing
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Course Syllabus MKT/421 Version 12 1 Syllabus School of Business MKT/421 Version 12 Marketing Copyright © 2011‚ 2009‚ 2008‚ 2005‚ 2004‚ 2003‚ 2001 by University of Phoenix. All rights reserved. Course Description This course involves an integrated analysis of the role of marketing within the total organization. Specific attention is given to the analysis of factors affecting consumer behavior‚ the identification of marketing variables‚ the development and use of marketing strategies‚ and
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Introduction Most people tend to buy things that are the latest trend. Brands are a great decision maker when it comes to trend buying. The more popular the brand‚ the more people want to buy that brand. People go for what is familiar as well. If they are familiar with a particular brand then they purchase items of trend‚ usually because they have bought that particular brand before and feel more comfortable buying that type of product of a certain brand. In this day and age‚ the more it cost the
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4) Target marketing‚ in contrast to mass marketing‚ A. is limited to small market segments B. assumes that all customers are basically the same C. ignores markets that are large and spread out D. focuses on fairly homogeneous market segments 5) The process of naming broad product-markets and then dividing them in order to select target markets and develop suitable marketing mixes is called: A. market penetration B. market segmentation C. market development D. market research 6) ______________
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1) A small manufacturing firm has just experienced a rapid drop in sales. The marketing manager thinks that he knows what the problem is and has been carefully analyzing secondary data to check his thinking. His next step should be to A. conduct an experiment B. develop a formal research project to gather primary data C. conduct informal discussion with outsiders‚ including intermediaries‚ to see if he has correctly defined the problem D. develop a hypothesis and predict the future
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