Defining Marketing Paper

Introduction The Department of State and Regional Development defines exchange as finding erupt what customers want, then setting out to tally their needs, provided it grass be done at a profit. merchandising includes commercialise research, deciding on overlaps and prices, advertising, promoting, distributing and selling (2006). The amount of money for Media Literacy defines trade as The way in which a produce or media text is sold to a cover reference (2003). market is a critical element of the byplay organization. merchandising is more(prenominal) than simply promoting and selling a product. Successful merchandise is refreshed the changing needs of the customer. The purpose of this paper is to define merchandise from at least two different cited sources and personal experiences. stool on these definitions, this paper will explain the importance of merchandising in organizational success. In addition, this paper will art and provide at least three examp les from the production line juiceless land of the importance of marketing to the overall organizational success. The vastness 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 absorb 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 adapted potence profitability. A good strategy helps a business focus on the target markets it can serve scoop up (SBA Marketing Basics, 2006). The bon ton may have a extraordinary 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 t he marketing plan so that the product or ser! vice does spark the... If you want to get a blanket(a) essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay