• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month


Extracts from this document...


Discuss the role of Marketing and the Marketing department using an organization of your choice to illustrate the points you make. "Marketing is a social and managerial process by which individuals and groups obtain what they need and want through creating, offering, and exchanging products of value with others" (P. Kotler, Marketing Management, 8th edition, 1994) The role of marketing is about engaging with your customers and letting them know how important they are to you and your business. As well as letting people know who you are, it's also about letting people know what you are about. Today, most firms have adopted 'The Marketing Concept'. This is the belief that firms should analyse the needs of their customers and then make decisions to satisfy those needs. Market research is "...the process of gathering, analyzing and interpreting information about a market; about a product or service to be offered for sale in that market; and about the past, present and potential customers for the product or service" Market research is essential to a business as it provides a wealth of information about existing and potential customers, competition, and the industry in general. ...read more.


* Price - even if a service is not charged for, it is still a conscious decision and forms part of the pricing strategy. * Promotion - includes all weapons in the marketing armory - advertising, selling, promoting etc * Place (distribution) Product The product or service being offered is the ultimate reason why a consumer would be interested in an organisation. ASDA offers a huge range of products and services to its customers, ranging from groceries and wines, to clothing and financial services. ASDA have their own unique clothes brand, 'George', which is now recognised worldwide. In 1992 ASDA launched a food pledge which aimed to reduce salt, fat, and sugar levels in ASDA brand products, as well as providing nutritional information to their customers. Due to their customers changing needs and requirements, ASDA are always expanding their product range. ASDA is also rapidly expanding into 'Specialty' areas such as pharmacies, opticians, jewellery and photo department. Price Researching customers' opinions on pricing is key as it indicates how they value what they are looking for, as well as what they want to pay .The price a business decides to charge for a product or service can support its positioning. ...read more.


They also send out leaflets promoting special offers on some of their products. These leaflets are sent to nearly every house so that everyone is aware of their business. One of ASDA's latest promotions is offering customers' savings on petrol and diesel at ASDA petrol stations if they use the ASDA credit or store card. Furthermore, ASDA leads the way in price promotions ahead of Sainsbury's and Tesco. Place The place refers to the means by which a product is purchased, including the actual place it is purchased as well as the actual route of distribution. ASDA is part of retail giants Wal-Mart and is the second largest chain in the UK after Tesco. There are currently 243 ASDA superstores, 37 ASDA supermarkets (including town centers), 24 distribution centers, plus many more. Also, with online shopping and home deliveries, ASDA products and services are available to almost everyone in the UK. In the present day, marketing is seen as one of the key departments of a business and must be given a lot of time and effort in order for a business to succeed. The marketing department needs to work with other departments in cohesion to satisfy the needs of customers. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Marketing and Markets section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Marketing and Markets essays

  1. Event management

    They are also seen as image-makers for the destination, creating a profile for destinations, positioning them in the market and providing a competitive marketing advantage. (Getz, 1997) * The Cyprus Art Galleries generated estimated (ticket) sales of 120.00CYP in 2003 at retail selling prices, increasing (ticket)

  2. I have been asked to produce a marketing strategy for an existing or new ...

    Threats * People may not see my advertisements and money will have been wasted as the strategy will not have been successful. * People may decide that they do not need big cars, my product will lose sales. If my marketing strategy is successful the product life cycle will look something like the life cycle shown in the diagram below.

  1. creating a marketing proposal

    Launching a new product under a familiar brand name is less risky: consumers recognise the brand and may identify it with certain qualities such as being fashionable. PRODUCT LIFECYLE The stages through which individuals products develop over time is called commonly known as the "product life cycle".

  2. This coursework entitled "Marketing" is about creating a marketing strategy for a new or ...

    Two such models are the Product life cycle model and the Boston Matrix. Product life cycle model This is represented by a line graph as shown below. 1. Development 2.

  1. Produce a marketing strategy for a new or existing product

    Questionnaire In order to improve and to promote more customers to buy the magazine I have produced a questionnaire taking a more specific look at what readers like and want. I decided to put my questionnaire inside other magazines in the publisher's product portfolio and to encourage readers to fill it in.

  2. Marketing Strategy - Nintendo Gamecube

    Compared with the other sources, it did not contain as much detail about aspects of marketing such as the four Ps of the marketing mix. However, I found the way it showed me how to analyse and evaluate conditions in marketing very useful.

  1. Launching a Cafe Chain

    For example some products are sold in elaborate boxes and packaging which gives the potential customer immediate confidence in its quality which may not always be the case. There has been a recent case which appeared in the financial press whereby a prominent store in the west end of London

  2. Business- Open retail store

    I need to know the different types of sampling, how they are carried out and both the disadvantages and advantages. I will research different types of sampling over the internet www.tardis.ed.ac.uk/~kate/qmcweb/scont.htm 28-02-07 In this section I had forgotten the different types of sampling which I could use.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work