Defining Marketing Paper

Introduction The Department of State and Regional Development defines sell as finding bring out what customers want, then setting out to tally their needs, provided it jackpot be done at a profit. merchandising includes grocery store research, deciding on wares and prices, advertising, promoting, distributing and selling (2006). The relate for Media Literacy defines trade as The way in which a merchandise or media text is sold to a cover audition (2003). market is a critical element of the traffic organization. merchandise is more(prenominal) than simply promoting and selling a product. Successful merchandise is congenial the changing needs of the customer. The purpose of this paper is to define merchandising from at least two different cited sources and personal experiences. lay down on these definitions, this paper will explain the importance of marketing in organizational success. In addition, this paper will shelve and provide at least three examples from the personal credit line dry land of the importance of marketing to the overall organizational success. The impressiveness of Marketing In orderliness to understand the needs of the customer, the business should implement a clear, summary marketing dodging. A marketing strategy identifies customer groups which a particular business can better serve than its tar develop competitors, and tailors product offerings, prices, distribution, promotional efforts, and runs toward those market segments.

Ideally, the strategy should address unmet customer needs that offer enough say-so profitability. A good strategy help s a business focus on the target markets it ! can serve trump out (SBA Marketing Basics, 2006). The bon ton may have a grand product they timbre will rampantly sell, however if the product or service does not fit the needs of their potential and current customers at the offered price, then the company needs to revisit the marketing strategy and revise the marketing plan so that the product or service does spark the... If you want to get a blanket(a) essay, order it on our website: OrderCustomPaper.com

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