Thursday, May 9, 2019

Marketing Essay Example | Topics and Well Written Essays - 2750 words - 4

Marketing - Essay moralThis will be followed by the selling mix of the company. The paper on the whole provides a belatedly insight into the company and marketing aspects of the M&S.The term marketing has a number of different views and opinions and thither is a high level of confusion that can be found on this term. Different quite a little from different industries have different views on the term. Ever industry uses the term marketing for different processes at heart the company (Webster, 1988). For instance, for a company selling coal, marketing is simply an understanding of the local markets and the cost that he can sell the produced coal. However marketing is very different for a person working for a company that sells products in the market. The alternative definition to marketing includes that by the AMA (The American Marketing Association). The AMA has defined marketing as, The performance of business activities directed toward, and incident to, the flow of goods and se rvices from producer to consumer or user (OShaughnessy, 1984, p. 4). The preceding(prenominal) mentioned definition focuses on the distribution aspects of marketing and there is clearly no mention of the most necessity aspect of marketing, i.e. the Four Ps. The AMA has revised this definition and changes it to a more comprehensive one in 1985 which explained, The process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, and services to create exchanges that satisfy individual and organizational objectives (Marketing Library, 2010). As seen the revised definition of marketing takes into account the various elements and concepts related to marketing. The newer definition of marketing is one which provides a completely rounded explanation of marketing.Market oriented organisations have a number of characteristics which include, a) client focus, b) Customer Orientation, c) Marketing Coordination & Integration, d) Long term focus and

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