Marketing_Management_Practical_File
Marketing_Management_Practical_File
**Index**
2. Importance of Marketing
3. Functions of Marketing
5. Product Decisions
6. Pricing Strategies
8. Promotion Techniques
9. Market Research
12. Conclusion
13. References
Marketing management is the process of planning, organizing, directing, and controlling marketing
activities to achieve organizational goals. It involves identifying customer needs, developing
products,
pricing strategies, promotional activities, and distribution channels to satisfy customers effectively
and
efficiently.
1. Market Research
4. Pricing
6. Branding
7. Promotion
8. Distribution
1. Product: Refers to what is being sold. Includes features, design, quality, and branding.
2. Price: Setting a price that reflects the value and competitiveness of the product.
1. Cost-Plus Pricing
2. Penetration Pricing
3. Skimming Pricing
4. Competitive Pricing
5. Value-Based Pricing
Market research involves gathering, analyzing, and interpreting data about the market. It helps in
understanding customer preferences, market demand, and competition.
Marketing management plays a crucial role in the success of businesses by bridging the gap
between
customers and products. Effective strategies ensure customer satisfaction and business growth in a
competitive environment.
4. Online Resources