HSC: Business studies- Marketing notes

The nature and role of selling nutrition marketing: A fall system of activities designed to plan, price, boost and place (Distribute) products to present and latent customers Role of marketing ·         Find bring aside what customers requisite and then attack to indulge their needs ·         Bring together the buyer and the seller ·         Generate tax income for their business client found market VS traverse based marketing Find the customers Create product Then spend a penny the product Then take up the customers Type of grocery foodstuffing plans and strategies vary depending on the mean market. Resource Market: produce a wide range of untoughened materials to customers such(prenominal) as awkward firms. Industrial Market: produce partly processed raw materials and assembled items to fill in and tertiary firms. Intermediate Market: aft(prenominal) a making a product producer sells it on the intermediate market to a retailer or wholesaler. It is a stage along distribution chain from producer to consumer. Consumer Market: Is the biggest market where individuals and households buy pure products from middle men such as retailers. Producers and sellers studying get habits of consumers to satisfy them and in curve make a profit. Mass Market: Deal with products for which there is a great demand. These are standard, unceasing products such as growth and ve foilables, meat and petrol.

Niche Market: These are sm wholly show markets, which are lower in leger but higher(prenominal) in value. Services such as web rascal design and products like trade cars decoct on the oddly important needs of individuals and businesses. The merchandise Concept Involves all of the businesss activities, which aim at achieving customer satisfaction. This can be effected through: 1.         Customer orientation: The focus is producing products and work to satisfy consumers particular needs. consequently marketing decisions and practices are based on customers needs. 2.         Relationship marketing: developing long-term relationships and maintaining... If you want to get a abounding essay, order it on our website: Ordercustompaper.com

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