The Importance Of Marketing In Marketing

Good Essays
Marketing is word of mouth (wom), it is nothing but production of goods and services as per customer needs and wants. Marketing is very important in business to success. As the world is growing with high intensive technology and mainly organisation are inventing new technical products. However all these products are not reaching to right market to right consumers? Technology focus on communicating the value of product in different market segments to deal with these problems. Government restriction on some products to sell, which bring impact of customers satisfaction. As a matter of fact improper use of exclusive distribution in different locations, then the pattern of connections becomes more complicated. This essay will examine the evaluation of the major components which are vital for future customer satisfaction. Then, it will focus on dealing the problems of customers in different markets.

To begin with, the first and foremost problem is technology is making daily changes in markets in different seasons and
…show more content…
Because competitors are likely to use or benefit from our products. If we want to sell product through online , first the business has to extract information of product on how to sell at eBay, define who would be our potential customers we think they will be interested in our product. Many small and home business entrepreneurs view market research as an unusual and expensive cost, but understanding who and how big our market can pay off in the long run. But, due to non-transportation the good and services are not reaching to customer in other words improper use of exclusive distribution channels. So, the business have search to different modes of transport to sell the products to needy customer. As well as try to set up new industries, because transportation burden should not face by

Related Documents

  • Decent Essays

    Metrics is an important aspect of market planning, because initially a business might need to invest certain amount of money out of which a partial amount might get wasted, but a company cannot afford to take that risk every time; thus, it is essential to calculate the metrics of business. One of the beneficial methods for consumer awareness is consumer surveys (Miranda Brookins, 2014). This can be an effective way for enhancing the brand awareness and the surveys are a way of measuring where the sales figures are not directly related to the different marketing spends. The objectives of the company need to be both short and long term for allowing in adjusting the marketing methods while the metrics offer a poor…

    • 1317 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    In today’s very competitive job market, the most effective marketing approach job-seekers like I use are those which companies are using to successfully sell their products and attain a sizeable market share. I always thought of marketing as sales. A misconception that has been proven to be false by this class. Although sales is, nonetheless, a small part of marketing, “selling” myself on the job market is unquestionably a significant tool in job-hunting. While I see myself as the product, I can use many other marketing principles beyond sales to land the job I deserve as a marketing database manager.…

    • 1043 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    But it all lies within the scope of “marketing”. Marketing, in its simple, definitive form, is setting strategies that will aid in reaching to potential customers to increase profitability. It becomes so difficult to make decisions that will influence marketing in whichever business one is involved in. Note that marketing is not as simple as familiarizing with the products, but that hard part of it involves the creating systems that will cope with the occasional changes in the marketplace and create a permanent reminder to the customers to make…

    • 1522 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    Customer value is when customers try to justify the costs they must sacrifice in order to acquire them against the value they place on particular goods and services. A strong link between these two components is vital in the success of a product or company; failure to recognise and react to changes in customer value can be extremely destructive to your…

    • 1397 Words
    • 6 Pages
    Decent Essays
  • Decent Essays

    Even if you have the skill, what happens if your consumers don`t have the capacity to buy or trade stuffs with you? Would you then fail? In the book, he was inviting people to join his plan promising “You don’t need to know ‘how to do business,’ much more important is your desire to solve a social problem”. But isn`t a practical knowledge about doing business will be useful when you are trying to start a business? You can learn as you go along but it`s not guaranteed.…

    • 798 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    BACKGROUND In today’s competitive business world no organization can stand alone. All of them private companies, government or non-profit organizations create network relationships and compete with each other. One of the significant and modern ways of competing with others became the supply chain. (Christopher 2005) “Companies especially retailers are challenged with finding ways to meet ever-rising customer expectations at a manageable cost”. (Bala, 2014) In order to do that, retailers looking for supply chain processes that are not competitive enough but valuable for customers and other stakeholders.…

    • 953 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Opportunities, new population in the market interested in the product that is not developed for another competitor making the organization in the leader in the industry. On the other hand, as a weakness could be reporting, process and procedures not aligned to the vision and mission, not clear policies and so on. But also the organization should take care of the menace like new competitors in the market, government regulations, economic – financial situation, stock market fluctuations, or change resistance if we are discussing a SWOT analysis for a…

    • 776 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Being An Entrepreneur What is an Entrepreneur. It mean that a person are willing to take the risk and develop themself to change their current life to become even better to compete against global market. A person don’t need a high qualification or a super smart brain, all he need to do is create something that will makes money. They will first set up a small business given all his idea, innovation, or money to make it become better, and served they customers with their best service. Entrepreneurship for what I think about it are, you must be patience, have passion with it , aggressive.…

    • 2952 Words
    • 12 Pages
    Decent Essays
  • Decent Essays

    The mission statement primarily focuses on the markets that the organization is interested in instead of dealing with the goods and services that are being offered. This is extremely important because goods and services are vastly changing and if a company’s mission statement is only focusing on a certain good or service, it is likely that those goods and services primarily in the mission statement are no longer relevant to the organizations function. Businesses have to understand themselves and the competitive market around them before constructing a mission statement so they won’t suffer from being narrowed-minded to the subject of what their company can offer to society. An important objective of the mission statement is that it is the day to day working that an organization does in order to fulfill the vision…

    • 1663 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    As stated before supplier wanted to get as much as they can for their products but in the advance in the industry supply manager try to negotiate the price to get it down or seek alternatives. Cost management a varies with the product being purchased, but supply manager should look to getting the best price for their company. Getting a supplier to cut cost can be more than most people image because as a supply manger you must go in to the process with all the skill need to effectively control the situation that the supplier is presenting you. You also need a team of experts that can back you with the right research and know who. By controlling the situation, you want to get the supplier to come down to the price you quoted because you done research on the product.…

    • 1657 Words
    • 7 Pages
    Decent Essays

Related Topics