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Chapter 3

Marketing
Patrick R. Hariramani
Marketing

• Assessing and meeting individual’s or group’s


Establishin wants and needs by creating, offering, and
exchanging products of value
g the
Venture’s Two Biggest Factors in Marketing

• Customers and competitors


Marketing
Function Main Marketing Strategies

• Segmentation, differentiation, and marketing mix


strategies (4Ps)
Marketing Mix Strategies

Product Strategy Pricing Strategy Promotion Strategy Place Strategy


Addressing issues of new Markup pricing, target return Advertising, sales promotion, Type of intermediary and
product development, pricing, perceived-value public relations, personal number of intermediaries to use
packaging, labeling and other pricing, value pricing, going- selling, direct marketing
related decisions rate pricing, or sealed bid
pricing
Always know
your demand
INDUSTRY
Target Customers
ECOM
S O
Malls

Social M

BUSINESS Stores CUSTOMERS


Logistics
W Franchise T

Distributors

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