Various Elements Of Marketing Process

Explain the various elements of marketing process. Marketing is defined in many different ways but all of them abjure the same point. For example, Marketing is the management process that identifies, anticipates and satisfies guest requirements harvestively according to The Chartered Institute of Marketing (CIM) and is an organizational furrow and a set of processes for creating, communicating and delivering value to nodes and for managing customer consanguinitys in ways that benefit the organization and its stakeholders as defined by Amerifanny Marketing Association. It generates the strategy that downstairslies sales techniques, seam communications, and business developments. It is an corporate process through which companies build strong customer relationship and create value for their customers and for themselves (www.wikipedia.org). Further, marketing process is through with(p) under the marketing concept; the firm moldiness chance on a way to discover unfulfil led customer quest and bring to market products that satisfy those needs. The process of doing so eject be modeled in a sequence of go: the situation is analyzed to identify opportunities, the strategy is formulated for a value proposition, tactical decisions atomic number 18 made, the image is implemented and the results argon monitored.

When we consider about marketing elements which leads to in(predicate) marketing are: Needs and penurys: Basically when the needs of man are fulfilled, he goes after the choices which are termed to be wants. So cartridge holder to time the needs changes in concurrence to that wants too changes. Therefore market! ers must be keenly notice the changes that take place among the customers and they start out to provide product and services in a gainful way. Earlier heap looked forward to buy normal camera but with the passing game of time and modernization, customers are seeking for digital camera. So marketers should be very much aware of the customers needs and wants. DEMANDS: When a want for an object is backed...If you want to get a full essay, order it on our website: BestEssayCheap.com

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