This presentation provides an overview of marketing essentials, including the definition of marketing, different marketing concepts, and the roles and responsibilities of marketing. It emphasizes the importance of marketing for the success and growth of a business in different market situations.
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MARKETING ESSENTIALS
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TABLE OF CONTENT ļµINTRODUCTION ļµTASK A ļµCONCLUSION ļµREFERENCES
Definition ļµMarketing refers to the activities of buying and selling of the products and services by the company. It is the actions of the company which maintain the effective relations with the customers to achieve the success of the company in the present and the future conditions of the markets(Akbar and et.al., 2017). ļµFor Tesco Marketing is a business process that defined in dozens of different ways. In fact at company level people may perceive the term differently. ļµManagers at Tesco targeting business to customers with consumer products such as fast food services, clothing, home furnishing etc.
Concept of marketing ļµProduction concepts:Tesco uses the concept of production to increase the supply of the products and services and reduces the cost. ļµTesco reduces the cost of production and increase the profits with the use of the economies of scale. Product concept :Product concept is the consumer product that offer the most in quality, performance and innovative features(Akbar and et.al., 2017).In this concept marketing manager is focusing on to developing product improvement. ļµSelling Concept :Selling concept is based on the selling transactions that on building long term profitable customer relationship. ļµMarketing concept :Tesco marketing manager has providing the best practices to customers that fulfill the customer needs and wants.
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CONTINUE... Product concept: Tesco provides the best quality products and services to the customers to attract the number of customers towards the company. It focuses to produce the products with the features which fulfills the needs and wants of the customer and increase the sales of the business (Allen, 2016).
Task A
Role and responsibilities of marketing Responsibilitytowardsthecompany:MarketingdepartmentoftheTescohavethe responsibilities to make the good and effective images of the brand in the minds of the customers (Allen, 2016). ļµThey work to identify the various tools and techniques to success and the growth of the business. ļµThey coordinate the activates of the business in such a manner to reach the goals of the business.
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Continued... Responsibility towards the customers: Marketing manager and the department have the responsibility to provide the best quality products and services to the customer so that they can fulfil their needs and wants (Allen, 2016). It focuses to achieve the satisfaction of the customer from the products and services.
Critical analysis of marketing roles and responsibilities ļµThese roles and responsibilities of the marketing functions have affected the growth and success of the business. The manager of the marketing follows the functions with efficiency and effectiveness so that the business of the Tesco reaches to the success (Allen, 2016). ļµIf the images and reputation of the business is not good then there is decrease in the sales and profits of the customers. ļµMarketers are also responsible to make sure the positive customer relationship to gain the long term relationship within Tesco. ļµMarketing managers in Tesco are also accountable for identifying the new business opportunities to gain the customer interest towards the company services.
CONCLUSION ļµFrom the above study it can be concluded that marketing is very essential for the success and growth of the business in the different market situations. ļµThere are various roles and responsibilities of marketing functions which aims to maintain the image of the business in the minds of the customers.
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REFERENCES ļµAbushadi, E. and et.al., 2015. The NGO handbook of volunteer management essentials. ļµAkbar and et.al., 2017. Niche marketing strategy framework for SMEs: A conceptual framework. ļµAllen, M., 2016. Essentials of publishing qualitative research. Routledge.