The presentation is based on the marketing principles and dealing about the marketing mixes for different segments in customer market. Also, the differences in marketing products and services business rather than consumer are also explained here.
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Marketing principlesTASK 4
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Table of contents Introduction Marketing mixes for two different segments in consumer markets Differencesinmarketingproductsandservicesto businesses rather than consumer Howandwhyinternationalmarketingdiffersfrom domestic marketing References 1
Introduction The presentation is based on the marketing principles and dealing about the marketing mixes for different segments in customer market. Also, the differences in marketing products and services business rather than consumer are also explained here. 2
Marketing mixes for two different segments in consumer markets Appy Foods and Drink can divide their ethical foods markets according to the demographical disperse. To cater the millennial need, Appy Foods produce ethical goods for young millennial and professionals. They have differences intermsofprice,product,promotion,place,process, people and physical evidence. 3
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Cont.. When setting prices for ethical foods, for professionals they can set comparatively high prices but lower prices for young millennial. UK people are more brands oriented since they need to promote the product as much as they can. Promotion should be taken place in twitter, face book for young millennial, and link den for professionals. 4
Cont.. Marketing mix:Ethical foods for young millennial Product:Natural extraction of foods and drinks. This attracts the new millennial since it contains low sugar. Price:should be reasonable, since majority of them do not earn. Place:they should use social network and social media to influence purchasing behaviour 5
Differences in marketing products and services to businesses rather than consumer Business Marketing is selling of products form one business to another business organization. Consumer marketing is sellingofgoodsandservicestocustomers.When consideringthedifferencesbetweentwoapproaches, following have been discovered. 6
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Cont.. In business to business marketing, They need to use an extremely focused approach They need to select the right mode of communication. That means should be more polite and confident when conveying the messages. 7
Cont.. In consumer marketing, Marketers deal with higher number of individuals compared to business marketing. They need to interact with each of the customers. They are marketing, FMCG, durable goods and soft goods. 8
How and why international marketing differs from domestic marketing DomesticMarketingistheperformingactivitiesof production,promotion, distributionandsellingwithin national boundaries. If these are performed in a global market, is known as International marketing. 9
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Cont.. Scope:International marketing scope is widening than thedomesticmarketing.Internationalmarketingis trying to expand their marketing activities over other country via exports and imports. Domestic marketing is widen within the boundaries of a country. 10
Cont.. Obstructions:international marketing has to face many hurdles like language issues, currency issues, cultural issues and international laws and regulations. But for the domestic marketing has to obey the one country’s lawsandregulationsandculturalimpactisless comparatively. 11
References Kotler,P.andArmstrong,G.,2012.Principlesof Marketing,14thed. Pearson: prentice Hall Kotler, P., and Gary, A., 2004.Principles of Marketing: 10th ed.New Jersey: Prentice Hall. Kotler, P., and Keller, K., 2006.Marketing Management: 12th ed.New Jersey: Prentice Hall.
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