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finals study guide

marketing philosophy  marketing: goal creating customer satisfaction  marketing is the set of activities for customer satisfaction  who engages in mearketing  product manufacturers government  non-profit organizations  churches  universities politicians  successful marketing is difficult  there is no formula for marketing success requires considerable interaction with customers  customers often cannot accurately describe their needs  competitive action is difficult to predict  customer tastes and societal trends change frequently  implementing strategy precisely is difficult  the marketing concept  emphasizes a customers focus  organizing resources  sales driven  focus: what we make, we sell  little attention paid to customer very aggressive selling efforts  seeks to maximize volume, not profit  technology driven  focus: research and development; cu...

midterm study guide

to improve market position a company needs to understand  who are the customers visiting its various locations? who are the customers