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Assignment #1
A forum (named after the Roman marketplace where citizens would gather) is a
adiscussion group, where ideas related to a subject ‘under discussion’ can be raised and
evaluated on a (more-or-less) equal and informal basis.
2. Meaning of Marketing from a Marketing book with a Marketing Major Author with the Title page
and about the Author. (Please see attachment at the Back)
According to Kotler and Armstrong, in their book Fundamentals of Marketing (14E) Marketing is
the process by which companies create value for customers and build strong customer
relationships in order to capture value from customers in return.
Telemarketing
Telemarketing is a form of marketing conducted over the telephone. One of its most
important roles is supplementing the sales force. A telemarketing team contacts
prospects who respond to a lead-generation campaign.
Channel Marketing
Channel marketing is important to companies marketing their products through retailers
or distributors. Channel marketing consists of support and training to ensure that channel
partners have the skills, product knowledge and commitment to market the company’s
products effectively.
Relationship Marketing
Relationship marketing helps companies strengthen customer loyalty and increase the
revenue they earn from each customer. Relationship marketing aims to increase the level
and quality of contact between customers and company and build a greater
understanding of individual customers’ needs and preferences.
Advertising - Any paid form of nonpersonal presentation and promotion of ideas, goods,
or services by an identified sponsor.
Personal selling - Personal presentation by the firm’s sales force for the purpose of making
sales and building customer relationships.
4. Identify the Authors that said there are 5P’s 7P’s and 12 P’s in Marketing
According to Felix M. Lao Jr. PhD in his book Marketing Management, There are 5 P’s of Marketing
- Product
- Price
- Place
- Promotion
- People
The 7Ps model was originally devised by E. Jerome McCarthy and published in 1960 in his book Basic
Marketing. A Managerial Approach.
- Product
- Promotion
- Price
- Place
- People
- Process
- Physical Evidence