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Marketing environment Marketing mix Marketing as a process Market segmentation Elena Horská Marketing environment 1. 2. 3. 4. 5. 6. 7. Economic environment Cultural environment Technologic environmet Legal and political environemnt Demografic environment Competition Suppliers, buyers • Firms must adapt uncontrollable environment by adjusting the marketing mix: – Product – Price – Place – Promotion From 4 P´s to 4 C´s • Product versus consumer needs and wants • Price versus costs to satisfy consumer needs and wants • Place versus convenience • Promotion versus communication Marketing as the process • Diagnosis: Where is the company now and why? • Prognosis: Where is the company headed? • Objectives: Where should the company be headed? • Strategy: What is the way to get there? • Tactics: What specific actions should be undertaken, by whom, and when? • Control: What measures should be watched to indicate whether the company is succeeding?