What is Marketing??

Fundamentals   of   Marketing

MKT255-0801A-39

Shante R Williams


The American Marketing Association defines marketing as,’… an organizational function and a set of processes for creating, communicating, and delivering value to customers and for managing customer relationships in ways that benefit the organization and its stake holders’ (www.marketingpower.com).  This means it is merely the act of the marketer to follow the appropriate steps required to get a product from point the drawing board to the hands of the public through designing, promotion, and availability.

According to Wikipedia, it the social process which satisfies consumers’ wants () that includes advertising, distributing, and the selling of the product.  In my research, I find Coca Cola to be a successful company when marketing their product.  This company was initially established in 1883 and has been able to keep its brand for more than one hundred years, and they are constantly providing new products for consumers.  The first president for the company began marketing their brand by giving trinkets and prizes with their label as well as providing free samples and coupons to consumers who were unfamiliar with their product. Free stuff, means word of mouth and referrals.

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In Coca Cola’s marketing efforts, over the years, they continue to create different flavored sodas have expanded internationally from China, Italy, S Africa, Japan.  Its in Japan they offered a beer flavored carbonated beverage.

Today, one of the groups it has focused its market strategies are the teens in Britain. Here, they’ve allowed teens to visit their website and download over 250,000 songs, legally! This is an interesting tactic because these consumers are familiar with all of the latest music and have had some problems within the media regarding illegally downloading music. This free service allows teens to discuss the ...

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