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Marketing
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Marketing is the trail of activities of a
company associated with buying and selling of a product or service. In simple
words, marketing is what you say, how you present your products and state the
reasons to the target market why they should buy it. Management students are
often instructed to present marketing concept based assignments. But to produce
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Importance of marketing
Our marketing assignment help experts suggest
that building a successful business depends on how you persuade significant
numbers of customers to select the company’s products or services. These marketing
assignment help experts also mention
that developing terrific products and putting together a supremely talented
sales team are necessary, but the key to success lies in marketing that covers
advertising, public relations, promotions and sales.
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explain how marketing is important for your business.
·
Developing
strategic vision
One of the important functions of marketing is
to search constantly for new ways to grow the company’s revenues. The term
strategic vision as described by our marketing assignment help experts means
finding new opportunities and creating strategies for the company to take
advantage of them. Our marketing essay writing help and marketing essay writing
help illustrate the details.
·
Creating
brand name
Our marketing assignment help experts
highlight the fact that when customers decide to buy a product, they first
gather basic information about the brand like brand name, the product and the
necessary information about the company. Advertising method is therefore used
to make the potential customers aware of what the company has to offer. With
customer awareness, repetition is part of creating brand image.
·
Expressing
competitive advantage
According to our marketing assignment help
experts, marketing allows communicating strategies in order to position the
company as superior to its competitors. Marketing strategies are used to
showcase specific reasons to customers why they should buy its products and
services. Marketing essay writing help outlines various marketing strategies included
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·
Making
goodwill
Our marketing assignment help experts also
agree with the fact that companies enforce marketing strategies to build an
image of being a good corporate citizen. Marketing assignment help or marketing
essay writing help throws light on publicizing the corporate social activities
is one of the ways to make the corporation look good in front of the corporate
world as well as the consumers. In order to carry out charitable activities,
the company tries to find a community, regional or national events where they
can get electronic and print media exposure.
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·
Attracting
talent
According to our marketing assignment help experts,
marketing strategies are also utilized to attract the talent available in order
to expand the company. The company aims to present a lucrative image of the
organization, making employees think that it is a good place to work for
several reasons. Marketing strategies also take care of the fact that the
company is under the consideration of business awards. Get more details with
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·
Informing
investment community
Our marketing assignment help experts inform
that marketing strategies are used to inform about the milestones reached such
as sales or profits reaching a certain threshold. Announcing major
accomplishments such as joint ventures, acquisitions or introductions of new products
is also part of marketing plan. These news releases about the success of the
company alert the investment community and lead to increased interest in the
company’s stock. Try our marketing assignment help or marketing essay writing
help samples.
Types of market structure
The marketing assignment help experts define
the various types of market structure below:
1. Perfect Competition
It allows many firms. There is freedom to
enter the market. The various organizations sell homogeneous products and expect
normal profits.
2. Monopoly
Market is dominated by one firm. There are
barriers, preventing entry of other companies. The one that controls the market
possibly gains supernormal profit.
3. Oligopoly
Market is controlled by few firms such as five
firms with concentration ratio of more than 50 percent.
4. Monopolistic Competition
This type of market allows freedom to enter
and exit. But it is notable here that firms have different products and expect
normal profits in the long term.
5. Contestable Market
It also grants the freedom of entry and exit.
The theory of contestability applies to this type of market. The theory
suggests that the number of firms is not important here; instead the threat of
competition is the main lookout.
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Core concepts in marketing
The marketing assignment help experts describe
the core concepts of marketing that decide how the marketing strategies are
formulated. These concepts are inter-related with each other; however in case
of difficulty, opt for marketing essay writing help or marketing essay writing
help. With the help of these concepts, the marketing tools such as advertising,
promotion and publicity designing of a new product are used. Marketing
assignment help highlight the following. Get reasonably priced marketing assignment
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Marketing assignment help experts demonstrate
the points through a diagram to exhibit how marketing starts with customers’
needs, wants and demands ends with marketing of the product in the market by
marketer, as shown in our marketing essay writing help material.
The core concepts are described in brief by
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marketing essay writing help.
·
Needs: A state of deprivation
·
Wants: Desires to satisfy the deeper needs
·
Demands: Ability and willingness to buy
·
Products: Anything that satisfies the needs and wants
·
Value: The customers’ estimate of the product’s capacity to meet
their demands
·
Cost: Minority cost, time cost, energy cost and psychic cost
taken into account while developing the product.
·
Satisfaction: Our marketing assignment help experts categorize
satisfaction into three types for marketing essay writing help:
1.
Customer expectation = performance
(satisfied)
2.
Customer expectation >
performance (dissatisfaction)
3.
Customer expectation <
performance (Highly satisfied)
·
Exchange: Act of obtaining a desired product by offering something
in return
·
Transactions: Trade of values between two or more parties
·
Relationship: Accord between the seller and buyer
·
Market: The place where potential customers share a particular need
and are able to engage in exchange to satisfy the need
·
Marketing: The process that identifies, anticipates and supplies the
requirements of the market efficiently
·
Marketer: Someone who seeks a resource from someone else and willing
to meet the needs in exchange
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Marketing management
Our marketing assignment help experts define
marketing management as the application of tracking and reviewing company’s
marketing resources and activities. According to our marketing assignment help
experts, in the course of marketing management, the marketer has to
·
Increase the customer base
·
Improve customers’ opinion about the
company’s products and services
·
Enhance the company’s value
Our marketing assignment help experts reveal
the ways that the marketing managers enforce to achieve the above mentioned
goals, as part of our marketing essay writing help.They are:
·
Marketing
mix
Marketing mix is a marketing design formed
with the help of the set of tactical marketing tools of 4Ps: Product – Price –
Place – Promotion.
·
Market
segmentation
According to our marketing assignment help
experts, market segmentation enables companies to target different categories
(segments) of consumers. Our marketing assignment help experts also mention
three criteria used to identify the various market segments:
1.
Homogeneity (common needs within
segments)
2.
distinction (unique from other
groups)
3.
reaction (similar response to
market).
·
Product
planning and development
Product planning and development involves
1.
Introduction of a product
2.
Tangibility continuum of a product
3.
Product classification and analysis
4.
Branding and packaging
·
Promotion
mix
Our marketing assignment help experts share
knowledge that state that marketing strategies encompasses promotion in order
to reach the target market. Marketing tools like advertising, publicity,
personal selling and sales promotion are used in the course of the promotion
mix.
Promotion mix is highly important in marketing
assignment help. Get marketing assignment help in promotion mix separately.
·
Distribution
planning and pricing strategy
Our marketing assignment help experts explain
distribution planning as a systematic decision-making process concerning the
physical movement and transfer of ownership of a product from the producer to
consumer. These marketing assignment help experts also make you understand what
pricing strategy is. Pricing strategies represent a trail of activities of
decision-making by the organization regarding all aspects of pricing.
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