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Marketing and Its Importance CTE Introduction Marketing When the producer is someone other than the consumer, some form of exchange takes place. Exchange Exchanges take place every day: – Buying a hamburger – Seeing a movie – Visiting the dentist Marketing DEFINITION: Marketing is the process of DEVELOPING PROMOTING DISTRIBUTING Products in order to satisfy customers !!!!!!! What are Products? GOODS SERVICES IDEAS Marketing 4p,s ? Marketing is a process –It involves the 4 p’s •Product •Pricing •Promoting •Placing Marketing Products: must be planned Prices: must be determined Promoting: products is essential Placing: products must be accessible to customers Marketing These activities link producers and consumers so exchanges can be made. Marketing is all Around Us Marketing be done: – Phone – Mail – Computer – Videotape – Doorstep can What is Marketed? Durable Goods Nondurable Goods Services People Places Organizations Ideas Benefits of Marketing ? Raises the standard of living. Adds utility to goods/service. Makes buying convenient. Maintains reasonable prices. Improves the quality of life. Benefits of Marketing ? Provides a variety of goods and services. Increases Production Without Marketing . . . Increased Costs Less Variety Less Competition (economy suffers) Without Marketing . . . Fewer product Improvements. Fewer products developed. Stock shortages and overages. CAREER PATHWAYS 62 Career Pathways Within Eight Areas of Study Agricultural Education Marketing Education > > > > > > > > > > Agricultural Systems Technology Horticulture Science & Management Natural Resources Science & Management Production/Processing Animal Science Production/Processing Plant & Soil Science Production/Processing Science & Management Business Education > > > > > Accounting & Finance Business Administrative Support Business Entrepreneurship Business Management Business Technology Support Family & Consumer Sciences Education > > > > > > > > Child Development Consumer Economics Services Family & Human Services Fashion Design, Manufacturing & Merchandising Food Science, Dietetics & Nutrition Food Service & Culinary Arts Hospitality Services Interior Design Health Science & Technology Education > American Sign Language Biotech Research & Development > Biotechnology Health Informatics > Medical Office Administrative Assistant Therapeutic Services > Dental > Emergency Medical Technician (EMT) > Exercise Science/Sports Medicine > Medical Assistant > Nursing > Optical Technician > Pharmacy > Surgical Technician Information Technology Education Information Support & Services > Database Development & Administration > Technical Support Interactive Media > Digital Media (Multimedia) > Web Development & Administration > Network Systems > Programming/Software Development Marketing Entrepreneurship Marketing Management Sales & Service Marketing Travel & Tourism Skilled & Technical Sciences Education Building Trades > Carpentry > Electrician > HVAC > Plumbing Communication > Television Broadcasting Technician Mechanics & Repairs > Automotive Collision Repair > Automotive Service Technician > Electronics > Heavy Duty Diesel Precision Production Trades > Cabinetmaking/Millwork > Drafting/CAD > Graphics/Printing > Machine Tool > Welding Personal Service > Cosmetology/Barbering Protective Service > Firefighting > Law Enforcement Transportation & Material Moving > Commercial Aviation Visual Arts > Commercial Art > Commercial Photography Technology & Engineering Education > Pre-Engineering (Utah Pre-Engineering Program) > Project Lead the Way (National Pre-Engineering Program) The End Have a great day!