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7. Results and Control
7. Results and Control

... Marketing controls are used to implement marketing strategies and check whether the objectives of the marketing function are achieved or not. Marketing controls are of four types - strategic control, annual plan control, profitability control, and efficiency and effectiveness controls. Strategic con ...
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...  External environment analysis – identifying factors outside of the company  How is the economy doing, predictions?  Are there any laws that could affect business operations?  Are there any possible cost increases?  Where is the product in the life cycle?  Are there any technology changes in t ...
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... firms, the measure does very little to tell us about the local competitive environment. (3) The way in which we define a market (i.e. how broad or narrow) as well as what product class we put a good in also affects the measure. This is up to the firm and managers to make these decisions in order to ...
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... most of the firms try implicitly to influence consumer's preference and make a favorable position for their product in consumer's mind through marketing operations. Advertising , as a part of marketing operation is no different. This paper takes this issue in some details. We here first tried to dev ...
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... Needs are perceptions that exist in the buyer’s mind. Those perceptions are shaped by experience, our situation, our feelings, the way we were brought up, the job we have. Often those needs that we perceive are in conflict with someone else’s perception, because we are all different. People will act ...
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cox 4132 industrial marketing (3 cu)

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Marketing strategy

Marketing strategy is the fundamental goal of increasing sales and achieving a sustainable competitive advantage. Marketing strategy includes all basic, short-term, and long-term activities in the field of marketing that deal with the analysis of the strategic initial situation of a company and the formulation, evaluation and selection of market-oriented strategies and therefore contribute to the goals of the company and its marketing objectives.
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