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Published byGeorgina Horton Modified over 9 years ago
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Coach Bentley
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The process of planning, pricing, promoting, selling and distributing ideas, goods, or services to create exchanges that satisfy customers.
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1. Distribution 2. Financing 3. Marketing Information Management 4. Pricing 5. Product/Service Management 6. Promotion 7. Selling
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The Idea that a business should strive to satisfy customers needs and wants while making a profit. Make the Customer happy and you will make money!
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1. Form Utility- Making products that consumers need and want ex.- Electronic controls on the steering wheel 2. Place Utility- having a product where customers can buy it. ex.- Amazon 3. Time Utility- Having a product available at a certain time of year or convenient time of day. ex.-Christmas Decorations
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4. Possession Utility- involved every time legal ownership of a product changes hands. ex.- 30 Day net pay for businesses. 5. Information Utility- involves communication with the consumer. ex.- Packaging labels, nutritional labels
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A company’s percentage of the total sales volume generated by all companies that compete in a given market.
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The group of people most likely to buy a particular product. VERY IMPORTANT
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Product Place Price Promotion WHAT< WHERE<HOW<HOW MUCH?
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Inner - Strengths - Weaknesses Outer - Opportunities - Threats
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Company Analysis? Customer Analysis? Competitive Position?
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Competition Environmental Scan Economic Political Socio-Cultural Technological
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