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MKT 120 PRINCIPLES OF MARKETING COURSE DESCRIPTION
MKT 120 PRINCIPLES OF MARKETING COURSE DESCRIPTION

... Prerequisites: ENG 090 and RED 090 or DRE 098, or satisfactory score on placement test Corequisites: None This course introduces principles and problems of marketing goods and services. Topics include promotion, placement, and pricing strategies for products. Upon completion, students should be able ...
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... Personal Selling Hurdles Political Risks – unstable or corrupt governments change the rules for the sales team Regulatory Hurdles – Governments can set up quotas or tariffs that affect the sales force Currency Fluctuations – increase and decrease in local currencies can make certain products unaffor ...
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...  Push strategy: trade promotions and personal selling efforts push the product through the distribution channels.  Pull strategy: producers use advertising and consumer sales promotions to generate strong consumer demand for products. ...
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... The right to use any product message, provided it is not misleading or dishonest in content or execution. The right to use any buying incentive schemes, provided they are not unfair or misleading. ...
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... – It does this by creating an alignment between what consumers value and what organisations offer. – It offers techniques that help firms better understand the needs, preferences and perceptions of their customers (a prerequisite to adding value to them), and ways of using that understanding to focu ...
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... • This is the firm’s way of making customers aware that the product exists. Therefore, customers will be told about the product through advertising, sales promotion, personal selling and other means of promoting sales. ...
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... Public Relations and publicity Sales promotion ...
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... do not need This extends to companies such as Coca-Cola and Nestlé persuading people in developing countries to part with their small income on Western brands ...
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... • Emphasise their own good points. • Emphasise the weak points of their competition or opponents. • Downplay their own bad points. • Downplay the good points of their opponents or competition. ...
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... • Marketing is satisfying customer wants and needs by providing products (goods, services, and ideas). **General Motors Superbowl Ad!** • The marketing department is responsible for selling the product using the 4 Ps (product, price, place/distribution, and promotion) and brand development. ...
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... 4. Local shopping reference. Readers expect to see notices of sales, special events 5. Fast response. Since most newspapers are a daily medium, the direct marketer knows quickly whether a particular offer is producing a satisfactory response. Terminology Run of Paper (ROP) - advertising can appear o ...
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... including manufacturers, distributors, retailers, and notfor-profit organizations. They may be targeted to any of the following: • Consumer promotions: final buyers • Trade wholesalers: retailers and wholesalers • Business customers: business promotions ...
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... • Marketing is the process of planning and executing the product, pricing, promotion, and distribution/placement of ideas, goods, and services to create exchanges that satisfy individual and organizational goals. • Social marketing applies these principles to individual behaviour change to benefit i ...
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... challenge for highly regulated brands to develop the creative and execute marketing campaigns without running afoul of regulations. Here, marketers must be extremely cautious regarding precisely what can be communicated, and how. That’s why it’s vital that marketing execs work closely with complianc ...
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... Outbound marketing and sales campaigns such as digital mailings, emarketing, advertising, news releases, lead generation phone calls Developing and the administration of all collateral materials, assistance with sales presentations and proposals, and management of electronic client and prospect mark ...
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... domestic producers • Price differentials between imported and locally supplied items; • Exotic images attaching to foreign products; • Inefficiency of local distribution systems, political disruptions, industrial action, or other factors that prevent local firms from supplying goods. ...
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... the better you will be able to manipulate your marketing mix to reach them! But do you want to? ...
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... satisfying consumers in the selected target market through a careful balance of the elements of the marketing mix – each of which represents a subset of the overall marketing strategy • 2 Key elements in marketing strategy – Target Market – Marketing Mix Variables ...
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Ambush marketing

Ambush marketing or ambush advertising is a marketing strategy in which an advertiser ""ambushes"" an event to compete for exposure against competing advertisers. The term ""ambush marketing"" was coined by marketing strategist Jerry Welsh, while he was working as the manager of global marketing efforts for American Express in the 1980s.Most forms of ambush marketing capitalize on the prominence of a major event through marketing campaigns that associate an advertiser with it, but without actually having paid sponsorship fees to the event's organizer to identify themselves as an ""official"" partner or sponsor. An advertiser may engage in ambush marketing in ""indirect"" means—where the advertiser alludes to the imagery and themes of an event without any references to specific trademarks, or in ""direct"" and ""predatory"" means—where the advertiser makes statements in their marketing that mislead consumers into believing they are officially associated with the event (including the fraudulent use of official names and trademarks), or performs marketing activities in and around a venue to dilute the presence of ""official"" sponsors.Ambush marketing is most common in sport; the practice has been a growing concern to the organizers of major sporting events—such as FIFA (FIFA World Cup), the International Olympic Committee, and the National Football League, as certain forms of ambush marketing can devalue the exclusive sponsorship rights that they had sold to other companies, dilute the exposure of official sponsors, and in some cases, can involve the infringement of an organizer's trademarks.In an effort to control ambush marketing, organizers have, in recent years, required the host cities of their major events to enact special laws restricting the use of an event's intellectual property, restrictions on non-sponsors creating unauthorized ""associations"" with an event by referring to certain words and concepts, and the ability to ensure that only authorized advertisers may have marketing presence within a specified radius of the site. Such regulations have attracted controversy for limiting freedom of speech, and for preventing companies from factually promoting themselves in the context of an event.
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