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Chapter 1 - Final - Marketing Overview
Chapter 1 - Final - Marketing Overview
October, 2020
ENGLISH
ZONE
LESSON OBJECTIVES
E To define marketing
E To understanding the importance of Marketplace and Customer Needs
E To identify marketing management orientations
LESSON OUTLINE
§ What is marketing?
§ The Marketplace and Customer Needs
§ Marketing Management Orientations
§ Is MKT only Selling & Advertising?
§ Old sense of making a sale ‘Telling & selling’
§ New sense of satisfying customer needs
-> At home, at school, where you work, and where you play
• Customer needs, wants, and demands
• Market offerings
• Customer value and satisfaction
• Exchanges and relationships
• Markets
Customer Needs, Wants, and Demands
• States of deprivation
§ Wants: the form that human needs take as they are shaped by
culture and individual personality
Marketers
• Set the right level of
expectations
• Not too high or low
§ Exchange: the act of obtaining a desired object from someone by
offering something in return.
Profits
Customer Integrated through
MKT Market
needs MKT customer
satisfaction
Choose 1 product in the garment/fashion industry and answer the
3 below questions:
1. Discuss a need or want you have that’s not satisfied by any offerings
currently in the market place of garment/fashion industry?
2. Think of a new product/ service that will satisfy the need or want?
3. Describe how you will differentiate & position your offering in the
marketplace.