Marketing Assignment Example | Topics and Well Written Essays - 1500 words

Marketing - subsidisation ExampleThe SWOT analysis represent the analysis of factor ins of strength, weakness, opportunities and threats that are existing in the marketplace with regards to the characteristics of the organization. It is passing relevant to say that the strength and weakness clear be categorized as internal factors of evaluation for an organization. On the other hand, the issues of opportunities and threats are categorized as external factors and are always analyzed with regards to the happenings and twist coming from the external environment (Pride and Ferell 33). In very layman terms, marketing can be explained as an activity which comprises of the process of comfort generation, value communication, value distribution and value delivery to the consumers. Marketing is oftentimes represented as the activity which comprises of smooth application and integration of the 4Ps of marketing like product, place, promotion and prices (Pride and Ferell 4). unified the 4Ps of marketing with the equation of value, it can be said that product represent value generation, place represents value distribution, promotion represents value communication and price represents value delivery and capture. It is very important for a contrast to implement the various variables of marketing in the right time but in a young and innovative manner so as to leverage the maximum amount of competitive advantage that can be extracted for the business.... crucial activity in any business, since it plays the lead role in communicating the redress of the company or organizations products or services to the desired set of clients and customers. For the purpose of sustaining in the market, it is very important for a company to focus on its revenue earning strategy and thereby better a remarkable competitive edge. It can be said in direct link up that for the purpose of generating a steady cash flow process, it is imperative that the organizations products and services take a crap high sales volume in the market place. It can be said that for the purpose of marketing a product or service, having a proper and effective s.t.p. strategy is highly important. STP which denotes sectionalisation, targeting and positioning helps the organizations in a market place to focus on the process of aiming the right set of customers. Talking in a more simplistic manner, it can be said that the segmentation of a token set of population helps the companies to identify the right group of customers who have the needs to buy the particular line of products and services. The method of targeting represents the process of aiming the right set of identified customers by the firms to attain a significant growth in sales of the firms products and services. The picture provided below represent various kinds of segmentation strategy employed by the firms. Source Pride and Ferrell 160 It is highly imperative to mention that in this stage, the strategic decision makers of th e company tries to identify the potential buyers for the firms products and services, while analyzing their individual consumer deportment as well as demographic profile and purchasing power capacity. Finally, while discussing on the factor of positioning, it can be highlighted that