Post on 16-Dec-2015
Agenda
IKEA Case study answers
Advertising v marketing
Flexible numbers
Official course kick off
www.studyismybuddy.com
Nature And Role Of Markets And Marketing Stage 6 Business Studies Syllabus
Prepared by K. Giveen October, 2010
Agenda
The role of marketing in the firm and in society
Ethics
Types of markets — resource, industrial, intermediate, consumer, mass, niche
Production–selling–marketing orientation
The marketing concept — customer orientation, relationship marketing
Marketing planning process
The Role Of Marketing
1. To find out what customers want
2. To develop products that will meet that want through:
Understanding the target market better than competitors
Servicing the customers better than competitors
Ethics
What do you think about the following exchange:
“Excuse me,” said the young man in a suit to the mother with two children who was walking through the shopping Mall. “Would you mind answering some questions for a survey we are conducting on the importance of education?” “Certainly,” she said. “Do you think education is important?” he asked. Following the answer, “Yes,” he asked if she wanted her own children to get the best education available and eventually sold her a set of encyclopedias' for $3 000. It was a clever sales pitch but do you think it was ethical behaviour?