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Marketing Essentials [Key responsbilities and significance of marketing functions]
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Content •Introduction of concept of marketing •Overview of different marketing process •Explanation of roles and responsibilities •Impacts and interrelation of marketing to other departments •Value and significance of marketing role •Conclusion
Introductionof concept of marketing Marketingishavingwiderscopeandmeaningfor organisational betterment. Marketing concept is based on market needs and make products better for customers. Marketing concept helps to companies to analyse desires of their targeted customers which is essential for them to be successful in their market. Marketing concepts allows to firms to develop their products and services according to demands of customers by taking effective decisions.
Overviewof different marketing process Differentprocessesareincludedinmarketingfunctions which are: •Mission •Situation analysis •Objectives •Strategy and evaluation
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Explanation of roles and responsibilities of marketing manager Marketing managers plays an important role in making better deliveries of products and services as per customer demands. Some significant responsibilities are here of marketing managers in context of Tesco; Development of marketing strategy Marketing activities Brand development Public relations
Impacts and interrelation of marketing to other departments Marketing is a key department which gatherssignificantinformation from market and which determines thesuccessofcompany. Informations of marketing teams areusefulandimpactfullfor different departments; Sales Finance Inventory Operations
Value and importance of the marketing role Marketing plays an important roleinthesuccessof organisationlikeTesco which has a huge investment in market. Promotions, sales, netwokring,brand development and prices are basedonmarketing functions so it is essential for each and every company to use marketing effectively.
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Conclusion On the basis of the study it is essential for organisations to makechangesintheirmarketingbymakingaproper analysis of their target market.
References Babin,B.JandZikmund,W.G.,2015.Essentialsof marketing research. Nelson Education. Baines,P.,Fill,CandPage,K.,2013.Essentialsof marketing. Oxford University Press. Baker, M. J and Saren, M. eds., 2016. Marketing theory: a student text. Sage. Banerjee, B., 2013. Trends in the Use of Social Media as a Tool of Marketing Communications in FMCG Sector in India. International Journal of Online Marketing (IJOM). 3(3), pp.62-75.