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(6) Marketing research is now an integral part of marketing process and it is a managerial tool in decision making in the field of marketing. The following are the prominent differences between selling concept and marketing concept: (1) Selling focuses on seller’s needs, marketing on buyer’s needs.
Why is it important to have a marketing plan?
Marketing forms a very integral part in the channel of distribution of goods and services. As a result, desirable entrepreneurship skills and competence requires workable marketing plans to be instituted in place.
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2. Essay on the Concepts of Marketing: Elements of Marketing Concept: A company adopting the marketing concept has three distinguishing elements around its marketing function: 1. It has consumer-orientation in its business planning and activities. 2. It focuses its attention to corporate objectives, including profit.
What are the steps in a marketing plan?
Marketing plan is a long trail of process which ranges from drawing a raw strategy, setting the value of goods and services, creating consumer awareness to spreading out of different available concepts.
Last Update: Oct 2021
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