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Marketing and Its Importance
CTE Introduction
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Marketing When the producer is someone other than the consumer, some form of exchange takes place.
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Exchange Exchanges take place every day: Buying a hamburger
Seeing a movie Visiting the dentist
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DEFINITION: Marketing is the process of
DEVELOPING PROMOTING DISTRIBUTING Products in order to satisfy customers !!!!!!! What are Products? GOODS SERVICES IDEAS
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Marketing 4p,s ? Marketing is a process It involves the 4 p’s Product
Pricing Promoting Placing
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Marketing Products: must be planned Prices: must be determined
Promoting: products is essential Placing: products must be accessible to customers
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Marketing These activities link producers and consumers so exchanges can be made.
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Marketing is all Around Us
Marketing can be done: Phone Mail Computer Videotape Doorstep
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What is Marketed? People Places Ideas Durable Goods Nondurable Goods
Services People Places Organizations Ideas
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Why is Marketing Important?
Lubricant (competition, increased quality and productivity) Lower Prices: (choice reduces prices) Transferable Skills: Highest and Lowest Pay: (Larry H. Miller has a marketing job!!!!!!!!!!!!!!!) Makes buying convenient:
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Why is Marketing Important cont...
1/3: of the jobs in the USA $ Highest / Lowest Pay( 50 to 60 cents out of every dollar goes toward marketing) Cornerstone / Entrepreneurship 25% Growth is USA Exciting: Work with people
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Benefits of Marketing ? Raises the standard of living.
Adds utility to goods/service. Makes buying convenient. Maintains reasonable prices. Improves the quality of life.
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Benefits of Marketing ? Provides a variety of goods and services.
Increases Production
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Without Marketing . . . Increased Costs Less Variety
Less Competition (economy suffers)
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Without Marketing . . . Fewer product Improvements.
Fewer products developed. Stock shortages and overages.
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Usoe approved lesson plans (Utah Education Network)
BUS: #1. cereal box #2. mkt. a cereal breakfast #3. mkt. through auctions #4. travel leisure co. project #5. grab bag marketing FACS: #1. chill tie-free enterprise #2. if I were a designer #3. marketing a restaurant #4. marketing a child care service #5. puppet factory #6. running a school bakery #7 don’t buy it TECH: #1. marketing a commercial #2. marketing a Olympics activity. #3. creating a company NOTE: Other creative activities are ok, if you use the standards (including, the 4 P’s)
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CTE INTRO. STANDARDS
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We have a problem. 37,000 UTAH STUDENTS WILL START 9TH
We have a problem! 37,000 UTAH STUDENTS WILL START 9TH. GRADE NEXT YEAR APX. 6,000 WILL GET A BACHELOR DEGREE 74% graduation rate in % in 2000 4 more years to get a bachelor degree $44,000 ($ 6,000 -$8,000 each year after H.S.) Goal: More degrees or certificates (35% students college ready and 90% of all jobs require additional training beyond high school.) PATHWAY’S Coherent groupings of courses Within FIELDS: technical,scientific,arts,social,mkt.,bus. AREAS OF STUDY:Ag,Bus,Family,Health,I.T.,Mkt,T. Ed, Trade Also They are typically linked with specific post-secondary degrees or certificates. 12 years of high school to graduate $22,000
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Have a great day! Dale M. Stephens Dale.stephens@schools.utah.gov USOE
The End Have a great day! Dale M. Stephens USOE
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