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What is Marketing?

In many ways, the course work for a marketing degree overlaps with the coursework for a business degree. This should come as no surprise, since both business degrees and marketing degrees help you learn practical skills that work across a broad range of industries. While each college or university names their courses a little differently, the type of marketing courses you can expect to encounter while working towards a bachelors’ degree in business or marketing, an MBA, or a master’s degree in marketing, will be similar regardless of the school you attend.

Of course, marketing students will focus on marketing principles. Frequently, the core principles of marketing are referred to as the 4Ps: selecting a Product; determining the Price; selecting a distribution channel or Place; and developing a Promotion strategy. However, marketing students need to understand marketing on a deeper level than a simple 4P overview provides. For example, marketing majors may not ever have to conduct their own market research, but they should understand statistics, as well as the tools and techniques market researchers use, so that they can evaluate that research. Marketing students also need to understand how to market to businesses, including a thorough understanding of the supply chain.

One of the ways that marketing courses deviate from business courses is that they emphasize the role of human behavior. In many ways, marketing is selling, and to sell products, one must know people. Consumer behavior, or the psychology of marketing, helps explain what motivates people to make purchasing decisions.

You can expect to encounter at least one business communications course. These courses focuses on those components of communications that are most relevant in a business setting. They may include international communication, managerial communication, and even business writing courses.

Marketing students will also need to be familiar with economics. While many times you will only be required to study macroeconomics, you may find it easier to understand economic concepts if you also study microeconomics. In different ways, both approaches to economics look at the core concept of supply and demand. A marketing professional’s job is not only to create demand for a product, but also to be able to realistically assess whether such demand can be created and what price point the demand will sustain. Although it is geared more towards understanding the supply chain, Forio’s Root Beer Game can really enhance student’s understanding of supply and demand.

Given the globalization of most businesses, marketing students have to be familiar with an international business environment. Strategies that work well in one situation may be completely inappropriate in an international context, therefore students need to learn global marketing strategies. Of course, if you intend to market to a specific international area, then taking courses that are specifically tailored to that area can be helpful, even if they are not in your degree plan. It is not unusual for marketing students to study sociology, foreign language, and culture in order to gain a better understanding of their potential consumers.  [ Show Less ]

 

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Enviro LTD: Government Contracting Strategy for Small Business
The paper examines a hypothetical environmental business, Enviro LTD, and how it could make itself a more attractive candidate for governmental contracts through the employment of efficient marketing resources, such as the utilization of government websites and federal procurement data resources, among others, and also analyzes what the least and most useful marketing resources could be in this respect.
Research Paper Undergraduate
How Google Achieved Cult Brand Status Through Brand Equity
The Google brand has achieved cult status globally, and today is one of the most widely recognized website on the Internet (comScore 2007). The intent of this paper is to validate the attainment of Google as a cult…
Paper Undergraduate
Monopoly Economics: Bayer's Cipro and the 2001 Anthrax Scare
Of the four major market types -- monopoly, oligopoly, monopolistic competition and perfect competition, the latter is the most difficult to truly achieve. Almost as difficult, however, is the monopoly.
Research Paper Undergraduate
Business Research Process: Methods, Models, and Decision-Making
The Importance of Timely Business Research Today
Paper Doctorate
Bank of America Leadership and Talent Management Program
Bank of America Corporation, a multinational banking and financial services organization that is the second largest holding company in the entire United States by assets, and the fourth largest bank by capitalization. Headquartered in Charlotte, North Carolina, the banks serves clients in more than 150 countries and has a business relationship with over 99 percent of U.S. Fortune 500 companies and 83 percent of the Fortune Global 400. As of 2010, the bank is the 5th largest company in the United States by total revenue, as well as the 2nd largest non-oil company in the United States, while Forbes listed it as the 3rd biggest company in the world. Its acquisition of Merrill Lynch in 2008 made it the world's largest wealth management corporation. B of A holds about 13 percent of all bank deposits in the United States with a retail footprint that covers about 80 percent of the U.S. population or about 57 million consumers at over 6,000 banking centers – making it one of the most powerful banking forces in the contemporary industry
Paper Doctorate
Panelized and Modular Building Systems: UK vs. Global Use
The study investigates the factors leading to the low use of panelized and modular system for house buildings in the UK compared to other countries. The study identifies the high capita costs as the major factors leading to the low use of prefabricated system for house building. The UK construction industry needs to incorporate Japanese and German model of factory built houses. Japan and German invest in R&D to come out with the high quality offsite housing at lower costs. The UK construction needs to integrate the German and Japanese construction technique and bring it to the UK construction system for offsite housing production. If the UK construction industry could overcome the high costs of production for the prefabricated housing units, there would be an increase in the market shares for the prefabricated housing in the UK.
Essay Doctorate
Porter's Five Forces: Analyzing Online Music and Movie Downloads
A new business for downloadable music and movies online
Research Paper Undergraduate
Attachment Theory and Self-Efficacy in Career Counseling
Career Counseling: The Value of Attachment Theory
Research Paper Undergraduate
Socialization, Child Care, and the Global AIDS Crisis
Child care centers contribute to the positive socialization of pre-formal school children. Children benefit from the diverse learning environment that a child care center can provide.
Paper Undergraduate
Branding and American Identity in Entertainment Brand Stores
Branding ourselves to death: Branding and the modern American identity in 'entertainment' brand-specific stores