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Principles of Marketing M1
Principles of Marketing M1
HIGH
Marketing SCHOOL
Module
Marketing Defined 1
Quarter 1
Principles of Marketing
Quarter 1 – Self Learning Module 1: Marketing Defined
First Edition, 2020
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Marketing HIGH
SCHOOL
Module
1
Quarter 1
Marketing Principles and
Strategies
Marketing Define
Introductory Message
This learning material hopes to engage the learners into guided and
independent learning activities at their own pace and time. Further, this also aims
to help learners acquire the needed 21st century skills especially the 5 Cs namely:
Communication, Collaboration, Creativity, Critical Thinking and Character while
taking into consideration their needs and circumstances.
In addition to the material in the main text, you will also see this box in the
body of the module:
As a facilitator you are expected to orient the learners on how to use this
module. You also need to keep track of the learners' progress while allowing them
to manage their own learning. Moreover, you are expected to encourage and assist
the learners as they do the tasks included in the module.
For the learner:
The hand is one of the most symbolized part of the human body. It is often
used to depict skill, action and purpose. Through our hands we may learn, create
and accomplish. Hence, the hand in this learning resource signifies that you as a
learner is capable and empowered to successfully achieve the relevant
competencies and skills at your own pace and time. Your academic success lies in
your own hands!
This module was designed to provide you with fun and meaningful
opportunities for guided and independent learning at your own pace and time. You
will be enabled to process the contents of the learning material while being an
active learner.
Expectation - These are what you will be able to know after completing the
lessons in the module
Pre-test - This will measure your prior knowledge and the concepts to be
mastered throughout the lesson.
Recap - This section will measure what learnings and skills that you
understand from the previous lesson.
Lesson- This section will discuss the topic for this module.
Wrap Up- This section summarizes the concepts and applications of the
lessons.
Post-test - This will measure how much you have learned from the entire
module.
EXPECTATION
After going through this module, you are expected to define and understand
marketing.
PRETEST
3. Marketing is getting the right goods and services to the right people at
the right places at the right time at the right price with the right
communication and promotion.
a. TRUE B. FALSE
L E S S ON
Lesson Overview
Marketing is indeed an art it has been practiced in one form or the other. It
has become a very important function in the business world. Marketing is the
business function that identifies an unfulfilled needs and wants, defines and
measured their magnitude, determines which target market the organization can
best serve, decides on appropriate products, services, and programs to serve this
market and calls upon everyone in the organization to think and serve the
customer.
Activity No.1
In your Activity Sheet give three examples of products that you regularly see
around you and described how they “marketed”.
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Presentation of Content
Marketing Defined
Some of you maybe have an idea of what is Marketing, and that is better.
Our objective here is to develop with what you know so that we can have a clear
and cohesive understanding of what is marketing is all about.
At this point, what is marketing to you? Perhaps some (or all) of the
following come to mind:
Advertising
Selling
Promos and Giveaways
Press Releases
Yes, you are right! All of the above do fall under Marketing. To most of us, when
we think about it, Marketing will indeed be about the selling of product but for the
professionals in this field, it is a “process”, starting at the moment when an
entrepreneur or a manager realize that there is an opportunity to build a business.
Dr. Philip Kotler, the father of modern marketing, defines marketing as the
science and art of exploring, creating, and delivering value to satisfy the needs of a
target market at a profit. Marketing identifies unfulfilled needs and desires. It
defines measures and quantifies the size of the identified market and the profit
potential.
ACTIVITIES
Activity No. 1
Directions: In your Activity Sheet give three examples of products that you
regularly see around you and described how they “marketed”
__________________________________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
Activity No. 2
Sell your stuff!
Based on Kotler’s definition of Marketing, present any stuff you can find in
your room to your family members. It could be a book, paper, or pen or anything
you can get easily. Your objective here is to study. Try to convince your family that
the stuff you are selling is more than its face value.
Think about ways to make it possible and then present your “pitch” in front
of your family. You will give them a suggested retail price based on how much
value you believe the bill holds.
Your objective after presenting your stuff, you will ask your family on how
many of them will consider buying your stuff.
Then write the outcome in the Activity Sheet by answering the following question:
1. Where there any takers for the proposal?
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WRAP–UP
1. Define Marketing
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VALUING
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2. Do you think good communication will help you to achieve your goals?
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POSTTEST
Directions: Read the questions carefully. Encircle the letter of the best answer.
1. Advertising and marketing are the same things.
A. True B. False C. Partly TRUE D. Partly FALSE
3. A company which invests most of its budget into sales training and support
of their sales teams is likely to have a market orientation. True or false?
A. True B. False C. Partly TRUE D. Partly FALSE
4. Regular customers are all brand loyal. True or false?
A. True B. False C. Partly TRUE D. Partly FALSE
5. Define the term ‘market’.
Activity No. 1
R E F E R E N CE S
2011