Introduction Functions of marketing Interrelation between marketing function and other functional units Conclusion Table of content
Marketing is the procedure which attracts consumers to purchase finished goods and services by positioning the product in their mind. This involves research, sales promotion, physical distribution, etc. The organisation selected forthisprojectisCadburyasbeingBritishmultinationalconfectionary company which is wholly owned by Mondelez International since 2010. This project analyse and evaluates the key elements of marketing function and its relationship with others functional units of organisation. Introduction
Thisrefersastheprocedureofidentifying,anticipatingandsatisfying customer needs, desire and wants of an organisation. It attracts large number of customers through sales promotion from direct and indirect channel of distribution. Managers of Cadbury focus on marketing function of their product as it develops customer relationship management by satisfying the demand of their end-users through supplying qualitative products. Marketing
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It is described on the basis of market information, planning, product designing and development, exchange functions, physical distribution, standardisation and grading, risk taking, product labelling and packaging and consumer support. Functions of marketing
These functions of marketing are explained with reference to managers of Cadbury are as follows:- Market information:-Managers of marketing department analyze that the information is related with change in taste and preference of customers are very essential to sustain in the market place and to enhance the profits and revenues of the company. Marketplanning:-Marketingdepartmentsaimstoachievetheir organizational goals and objectives by producing their qualitative product to meet the demand of customers. It is very essential to plan the strategy as per the market needs so that Cadbury can earn higher profits. Continue……
Product designing and development:-The marketers develops strategy to design their product in effective manner with proper labelling and packaging that attract large numbers of customers to purchase the finished goods and services. Exchangefunctions:-Thebuyingandsellingfunctionadoptedby producers to supply their manufactured finished goods and services by supplying it effectively. Continue….
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Physical distribution:-The activities involved in storing and transporting functions of product through direct and indirect channel of distribution.In this marketing department plays an important role so that activities can be done properly and effectively as in favor of organizational benefits. Standardisation and grading:-The term standardization refers as to produce goods at predetermined specifications. Risk taking:-It is considered as one of the most important function of marketing. Continue….
Labelling, packaging and branding:-The roles and responsibility of managers is to focus on proper labelling of brand and logo on product which describes the pros and cons for its consumption. Customer support:-This refers as the good and positive result for supplying qualitative products to its customers that enlarge target market and enhance market share. Continue….
Continue... Rolesandresponsibilitiesofmarketinginmarketing environment It is very essential for the manager of Cadbury to understand the external environment so that they can earn higher profits. For this they can focus on some roles and responsibilities that can be shown below. Developing marketing strategies and plans Marketing research
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Continue... Critically evaluate the significance interrelationship between different departments Fromtheaboveexplanationitistobeevaluatedthat interrelationshipbetweenthedepartmentswiththemarketing department is very effective because it helps in gaining the higher profits and revenues. In this if finance department is not pass the budget marketing department cannot work properly. Whereas if marketing department can not attracts the customers effectively they cannot generate sales and due to this sales department faces major losses and many more so that it is very important for the Cadbury to work in a cooperation so that work can be done effectively and efficiently.
The interrelation between functions of marketing and other functional units are mentioned with reference to managers of Cadbury are as follows:- Marketingwithproduction:-Theinterrelationshipbetweenthis department is necessary for Cadbury because of smooth functioning of the work.In this The production refers to manufacturing item by adding specialised features in order to meet requirement of customers to satisfy their needs, desire and wants. Marketingwithsales:-Thesalesisdefinedasabilitytomeet requirements of customers by supplying their finished goods and services through direct and indirect channel of distribution. Interrelation between marketing function and other functional units
Marketingwithinformationtechnology:-Theroleofinformation technology in marketing is to develop customer relationship management, digitalmarketing,etc.,thatisnowadaysmostapplicabletrendof customers. Marketing with research and development:-The market research refers to analyse the demand generated from target market which is to be efficiently fulfilled by distributing the qualitative product. Continue….
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Marketing with Finance:-Finance is one of the most important part of marketing procedure for providing funds at right time in budgetary control and adds financial decisions. Marketing with operation:-The operation is defined as the procedure operated by producers from manufacturing raw material to finished goods and services for accomplishment of organisational goals and objectives. Continue….
From the above discussion it have been concluded that marketing is very essential for an organisation to meet the requirements of their customers by providing them high quality products that result in higher satisfaction. Conclusion
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