Basic Marketing Principles
Revision Session for Marketing MKG1001When you market you match your business and your product or service to your customer’s needs and wants What is the difference between Selling & Marketing? What is the difference between customer focused and selling focused? How do you identify the needs of your customers? your competitor – both direct & indirect how to use research to quantify the market size the importance of knowing everything about your customer the difference between Secondary and Primary Data 6 step research process – Identify Problem, Conduct Situation analysis, Informal Evaluation – Secondary Research, Formal investigation – Primary Research, Analyze Data, Conduct Follow Up Research the difference between Qualita
the internet as a means of distribution financial accounting & managerial accounting product costs - fixed, variable and contribution margins that market research is the beginning of fostering client relationships the mportance of Product Innovation
Some topics in this essay:
Cost Plus,
Promotion Chapter,
Price Chapter,
Marketing Chapter,
Product Chapter,
Viral Marketing,
Research Chapter,
Marketing Mix,
Understanding Marketing,
Owners Equity,
understand ,
difference,
research ,
importance,
low cost,
market research,
marketing mix,
low cost,
4 p’s,
product development,
types,
4 p’s,
target market ,
market research ,
distribution channel ,
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Approximate Word count = 714
Approximate Pages = 3 (250 words per page double spaced)
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