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Marketing...
An effective marketing department in a
company covers all the following activities:
-
finding out what customers want
(market research)
-
setting out to meet a specific
part of their needs, provided it can be done at a profit (market
positioning, customer care)
-
deciding on products and services
(market analysis, market planning)
-
setting prices (cost analysis and
pricing strategy)
-
designing,
advertising, promoting, distributing and selling.
Monitoring and reviewing are
particularly important to the development of marketing. Successful
marketing functions are always aware of customer feedback and
changes in their particular market.
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