The sales department at RZM, a company that makes sweets and cakes, has seen decreasing sales this year due to new competitors entering the market with similar quality products at competitive prices. To address this problem, the company plans to: 1) improve product quality through design and development of innovative products and gathering customer feedback; 2) conduct market research to understand customer preferences and focus on best-selling products while marketing through social media and email; 3) develop the right pricing strategy to maximize sales revenue while providing high quality products at reasonable prices.
The sales department at RZM, a company that makes sweets and cakes, has seen decreasing sales this year due to new competitors entering the market with similar quality products at competitive prices. To address this problem, the company plans to: 1) improve product quality through design and development of innovative products and gathering customer feedback; 2) conduct market research to understand customer preferences and focus on best-selling products while marketing through social media and email; 3) develop the right pricing strategy to maximize sales revenue while providing high quality products at reasonable prices.
The sales department at RZM, a company that makes sweets and cakes, has seen decreasing sales this year due to new competitors entering the market with similar quality products at competitive prices. To address this problem, the company plans to: 1) improve product quality through design and development of innovative products and gathering customer feedback; 2) conduct market research to understand customer preferences and focus on best-selling products while marketing through social media and email; 3) develop the right pricing strategy to maximize sales revenue while providing high quality products at reasonable prices.
In my company, RZM, which is a company for making sweets
and cakes, there is a problem in the sales department that is
decreasing in sales in this year. This is because of new competitors have entered the market with products that have the same quality as my products and competitive prices, so I decided to do applied research to solve the problem that has arisen in my company. first of all I decided to focus on improving the products quality by investing in product design and development by creating innovative products that meet customer expectations and I decided to gather feedback from customers through surveys and customer reviews to help me identify the areas that needs to be improved as well as by motivating my employees to look for ways to make the products better and efficient . Secondly I decided to do market research to increase the sales by understanding customer preferences and to know which products have the highest sales in the market to focus on and keep providing the market with it as well as I started to use social media and email to do marketing for my products and that will increase the sales . Finally I decided to develop the right pricing strategy which helps me maximizing my sales revenue and have an advantage on my competitors by providing products with high quality and reasonable prices.
This Chapter Addresses Several Reasons Why Marketing Is An Important Area of Study. Should Marketing Be Required For All College Students, No Matter Their Major? Why or Why Not?